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Dubai real estate: Luxury property market sees $212mn in sales, says new report

Whitewill’s transactions include several high-value properties, notably an AED84 million ($22.8 million) penthouse at Bluewaters Residences, which sold before its full upgrade was completed

Dubai luxury real estate
Bluewaters Residences penthouse sold for AED 84M ($22.9M) in pre-renovation deal. Image: Supplied

Whitewill, the international real estate agency operating across the UK, USA, and UAE, has brokered more than AED780 million in luxury property sales in Dubai from Q4 2024 to Q1 2025, according to company reports.

The firm’s transactions include several high-value properties, notably an AED84 million ($22.8 million) penthouse at Bluewaters Residences, which sold before its full upgrade was completed.

Another significant sale was an AED72 million ($19.6 million) apartment at Orla by Omniyat, reflecting the growing interest in branded residences.

International investors drive Dubai luxury property market to new heights

Among other transactions, Whitewill facilitated the sale of a Palm Jebel Ali villa on Frond B for AED20.57 million ($5.6 million), a four-bedroom penthouse at The S Tower for AED18 million ($4.99 million), and a four-bedroom apartment at Serenia Living on Palm Jumeirah for AED 17 million ($4.63 million).

Additional sales include a three-bedroom apartment in Eden House The Park for AED11.3 million ($3.08 million) and a villa at Damac Lagoons – Venice for AED 12.9 million ($3.51 million).

Olga Pankina, COO of Whitewill Dubai said: “At Whitewill, we continue to redefine the luxury real estate landscape in Dubai by securing high-value transactions for discerning investors and end-users alike. From the record-breaking AED 84 million penthouse at Bluewaters to exclusive villas on Palm Jebel Ali, these deals reflect the sustained demand for premium waterfront living and ultra-luxury properties.

“Our success is driven by strategic market insights, strong partnerships with top developers, and a client-centric approach that ensures seamless transactions. Looking ahead, we anticipate continued momentum in branded residences, waterfront developments, and sustainable smart-home investments, further solidifying Dubai’s position as a global real estate powerhouse.”

Market trends identified by the agency include increased demand for ultra-luxury properties, branded and serviced residences, and waterfront living.

Investment in Dubai’s property market is driven by stability, growth potential, and lifestyle offerings, with notable interest from international buyers, portfolio investors, and end-users.

The agency forecasts continued growth in key areas including Downtown Dubai, Business Bay, Dubai Marina, and Palm Jumeirah through 2025.

Future market development is expected to focus on sustainability and smart-city integration, while the UAE’s Golden Visa programme and foreign ownership reforms continue to attract global investors.

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