Dubai-based Ellington Properties has signed a AED300 million agreement with Al Hilal Homes to expand its portfolio on Palm Jumeirah through a cluster of signature villas.
The signature villas reflect the focus of Ellington Properties to offer luxury properties of exceptional quality and world-class design, it said in a statement.
The developer added that these luxury homes will add to the four iconic beachfront villas by Ellington Properties already on The Palm Jumeirah, which were launched in 2018 and sold for AED75 million.
Elie Naaman, CEO – International, Ellington Properties, said: “Dubai is the ideal destination for those who seek a luxury lifestyle. With increased interest from affluent investors, we are now adding a cluster of bespoke villas to our villa collection at The Palm Island through our partnership with Al Hilal Homes.
“These luxurious, beachfront home are designed to complement the lifestyle of ultra-high-net-worth individuals and families who have an affinity for seaside living and prefer an upmarket and design-led lifestyle.”
Jaouad Bouhannouch, CEO, Al Hilal Homes, added: “Dubai offers incomparable value for luxury real estate and we look forward to catering to individuals with a penchant for high-end living through the exclusive villas.”
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Elie Naaman (right), CEO – International at Ellington Properties with Jaouad Bouhannouch, CEO of Al Hilal Homes
The Villa Collection homes feature five bedrooms, private infinity swimming pool, garden, and outdoor seating area.
The expanded Villa Collection adds to Ellington’s growing portfolio of projects in Dubai which include Belgravia and Belgravia II, Belgravia Square, Belgravia Heights I, Eaton Place and Somerset Mews, all located in Jumeirah Village Circle, as well as Wilton Terraces and Wilton Park Residences in MBR City and DT1 in Downtown Dubai.
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