The mansion itself features large internal living areas, custom contemporary architectural details, and breathtaking views of the mangroves.
Dubai, United Arab Emirates: Dubai Leading luxury real estate company in the United Arab Emirates, Sotheby’s International Realty, is pleased to announce a new record-breaking sale in Abu Dhabi. At AED 130 million, the sale of a magnificent five-bedroom residence on Saadiyat Island makes it the most valuable property ever sold in the Emirate.
According to George Azar, Abu Dhabi is swiftly becoming a premier travel destination, and this record-breaking sale demonstrates the enormous potential of the city’s premium real estate sector. Dubai Sotheby’s International Realty’s chairman and CEO. The city’s continued development in terms of art, architecture, cuisine, entertainment, and a solid economy is encouraging an increase in the market for ultra-luxury properties. Abu Dhabi is portraying itself as a magnet for money and prestige, drawing high-net-worth individuals from all over the world, thanks to developments like Saadiyat Island. We are thrilled to be leading this change and are looking forward to assisting our clients in taking advantage of all the fantastic opportunities in this thriving industry.
Olga Alekseeva, a broker at Kenzie RE, a boutique premium real estate brokerage based in Dubai, represented the buyer in this historic transaction, while Olga Balashova, Senior Global Property Consultant at Dubai Sotheby’s International Realty, represented the seller. The transaction demonstrates the proficiency of Dubai Sotheby’s International Realty’s network and the steadily strengthening Abu Dhabi premier real estate market.
Senior Global Property Consultant Olga Balashova of Dubai Sotheby’s International Realty commented on the unprecedented sale, saying, “This transaction is a testament to the unique attractiveness of Saadiyat Island, which has quickly gained popularity”. become one of the most coveted addresses in the UAE. It has been a fantastic opportunity to represent the seller of this exceptional property, and it shows our clients’ faith in our ability to go above and above in the super-prime market.
High net worth investors are moving to Abu Dhabi in search of a city that provides both substantial growth potential and a strong cultural heritage. With world-class landmarks like the soon-to-be-built Guggenheim Museum and opulent residential communities situated on scenic islands like Saadiyat and Al Maryah, the capital is becoming a major player in the area’s high-end real estate market and drawing wealthy, global clients.
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