Unveiling a Russian Investor’s First Foray into Dubai’s Exclusive Real Estate
Dubai’s glittering skyline has just achieved another milestone as Penthouse.ae, the luxury real estate powerhouse backed by Metropolitan, achieves an unprecedented sales record on the iconic Palm Jumeirah. In a resounding testament to opulence and exclusivity, the agency orchestrated the sale of a three-bedroom duplex apartment at the prestigious Royal Atlantis for an astounding AED 12,387 per square foot. This not only cements Penthouse.ae’s stature as a leader in the realm of high-end real estate but also positions the property as the second most expensive in Dubai.
Nestled within the sought-after enclave of the Royal Atlantis, the lavish residence fetched a jaw-dropping AED 44 million and now stands as a testament to both architectural grandeur and sophisticated living. Olga Mannila, the Sales Manager behind this record-breaking transaction, orchestrated a symphony of luxury, captivating a discerning Russian investor embarking on their maiden venture into Dubai’s elite real estate scene.
The allure of the Palm Jumeirah, with its captivating views and unparalleled extravagance, has always held a magnetic pull for global elite investors. The Royal Atlantis, a masterwork of refinement and elegance, serves as the canvas for this groundbreaking deal. Boasting panoramic vistas of the Palm Jumeirah, a private swimming oasis, and an array of lavish amenities, the property promises an existence where every heartbeat resonates with luxury.
Petri Mannila, the Head of Luxury at Penthouse.ae, remarks, “Dubai’s allure as a haven for global investors remains as irresistible as ever, particularly in the realm of exclusive real estate. This historic transaction shines a light on the growing appetite for branded residences that bear legendary names like SLS Residences, Armani, Six Senses, and, of course, the Royal Atlantis.” This appetite, driven by high-net-worth individuals, innovative entrepreneurs, institutional investors, and family property funds, has propelled demand for luxury properties valued beyond AED 20 million, creating a scarcity that has ignited both the end-user and investor markets.
The prevailing scenario of constrained supply and ascending prices paints an intriguing picture of Dubai’s real estate landscape, one replete with promises of prosperous investments. In the first half of the year, Dubai’s luxury property market witnessed an impressive double-digit surge, with the trajectory projecting a prosperous path for the next 3-5 years. The narrative is not just about numbers but about the stories of people seeking to align their lives with the epitome of luxury.
Olga Mannila, who secured this deal is no stranger to making dreams come true. “The Royal Atlantis,” she reveals, “has seen its value ascend beyond imagination, marking an awe-inspiring 150% increase since its unveiling. Beyond its prestigious address, these units transcend into value-laden treasures, enveloping buyers in an unmatched lifestyle. From celebrity-chef dining experiences to a private resort beachfront, an infinity sky pool to captivating dancing fire and water fountains, the offerings are as enchanting as they are lavish.”
As we stand witness to this new zenith in luxury real estate, it’s clear that Dubai’s allure is far from waning. With record-breaking feats like the one achieved by Penthouse.ae, the city cements its status as a beacon of luxury, beckoning the world’s elite to experience life elevated to the extraordinary.
