B1 Properties’ villa sales top US $185mn in four months
The brokerage’s focus on the Palm Jumeirah in Dubai has revealed a rich market appetite for hyper-luxurious real estate
B1 Properties has announced a record-breaking season, with notable villa sales across the Palm Jumeirah. Over the past four months, the firm says it has single-handedly sold four specialty villas by Alpago Properties located on Frond G – known as ‘Billionaires Row – as the exclusive broker.
Deniz Zeybek, VP, Sales said, “The demand for luxury villas located on Palm Jumeirah is insatiable. At B1 Properties, we excel at providing our discerning clientele with exactly what they need, paired with exceptional service and sound investment advice.”
The luxury real estate brokerage is said to offer a highly-curated portfolio of some of the Middle East’s most sought-after properties. Since its launch in 2021, the company notes it has quickly earned its position as a specialist in properties located on the Palm Jumeirah.
In late October 2022, Mukesh Ambani purchased Dubai’s most expensive villa for $163mn.
“High-net-worth individuals today are looking for niche, luxury properties that are distinct in aesthetic, well-rounded in amenities, and most importantly, are ready to move into. Prime luxury property prices are predicted to be 13.5% higher in 2023, and we see this in the clear imbalance of supply and demand in the market. The properties in our portfolio are, in my opinion, the actualisation of luxury living,” he added.
Casa Del Sole, a development by Alpago Properties, is said to be one of the most expensive homes to be sold in Dubai, valued at $82.3mn. The Double Signature villa is spread across four levels, with an enclosed area of 25,000sqft. Architecture firm SAOTA along with CK Architectures and Interiors, designed the villa, the firm noted.
Framed Allure, which was sold at $34.84mn, was also developed by Alpago Properties. The 19,240sqft property is said to have a double-height entrance and five ensuite rooms built over four levels. It is billed as an architectural showcase by architect Emre Arolat, with interiors by CK Architectures and Interiors. It is said to be home to one of the oldest Olive Trees in Dubai.
In early November 2022, Alpago Properties announced that its luxury Palm Jumeirah penthouse will cost $68.06mn.
Riva Del Lusso, which was sold at $35.4mn, is billed as having an enclosed area of over 13,000sqft and comprises four floors, five bedrooms. It also features an underwater car vault that can hold up to 10 cars, the firm concluded.
In mid November 2022, LUXHABITAT Sotheby’s International Realty completed the $39.5mn sale of a Palm Jumeirah villa.
