16:45 uur 08-12-2022

Metropolitan Premium Properties en Mallorca Properties sluiten Dubai’s grootste residentiële grondtransactie af voor AED 690 miljoen

De strategische samenwerking heeft geleid tot de verkoop van drie eersteklas percelen aan zee in Dubai Marina

DUBAI, Verenigde Arabische Emiraten–(BUSINESS WIRE)– Metropolitan Premium Properties (MPP) – een full-service makelaarskantoor en het paradepaardje van de Metropolitan Group, samen met Mallorca Properties, een boutique commercieel vastgoedbedrijf gespecialiseerd in high-end en private vastgoedinvesteringsmogelijkheden, hebben Dubai’s grootste residentiële grondtransactie tot nu toe afgerond – een deal van AED 690 miljoen (USD 187,6 miljoen) voor drie percelen in Dubai Marina.

De bebouwde oppervlakte van de transactie is meer dan 1,7 miljoen vierkante meter en het totale perceel aan zee is meer dan 100.000 vierkante meter direct aan de meest luxueuze jachthaven van Dubai met vrij uitzicht op de zee, Dubai Eye en Palm Jumeirah. Op de percelen die zijn verkocht aan een vooraanstaande vastgoedontwikkelaar uit Dubai zullen naar verwachting ultraluxe appartementen en penthouses worden ontwikkeld.

Metropolitan Premium Properties and Mallorca Properties close Dubai’s biggest residential land transaction for AED 690M

The strategic collaboration has led to selling three prime seafront plots at Dubai Marina

DUBAI, United Arab Emirates–(BUSINESS WIRE)– Metropolitan Premium Properties (MPP) – a full-service real estate agency and the Metropolitan Group’s flagship property company, together with Mallorca Properties, a boutique commercial real estate firm specializing in high-end and private real estate investment opportunities, have closed Dubai’s single biggest residential land transaction to date – an AED 690M (USD 187.6M) deal for three plots at Dubai Marina.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221208005588/en/

Ahmed Abou El Naga, Head of Institutional Sales of Metropolitan Group (Photo: AETOSWire)

Ahmed Abou El Naga, Head of Institutional Sales of Metropolitan Group (Photo: AETOSWire)

The built-up area of the transaction is over 1.7 million sq. ft. and the total seafront plot is over 100,000 sq. ft. directly on Dubai’s most luxurious marina with unobstructed views of the sea, Dubai Eye and Palm Jumeirah. Ultra-luxury apartments and penthouses are expected to be developed on the plots which were sold to a leading Dubai-based real estate developer.

Ahmed Abou El Naga, Head of Institutional Sales of Metropolitan Group has sourced and orchestrated the deal with the assistance of Fakhreddin Minooeifar, Founder and Chairman of Mallorca Commercial Real Estate Advisory who represented the buyer.

“There are only a handful of seafront plots available in all prime Dubai neighbourhoods and they are completely off the market. We are glad to play such a pivotal role in adding such a flagship development to the iconic Dubai skyline,” said Ahmed Abou El Naga, Head of Institutional Sales of Metropolitan Group. “We are currently witnessing a massive demand from international developers to expand their operations in Dubai market. Most of these multinationals are after prime plots to develop high-end luxurious projects.”

Fakhreddin Minooeifar, Founder and Chairman of Mallorca Commercial Real Estate Advisory said: “This deal further reaffirms Dubai’s leading positioning as a destination for prime plots and properties. We continue to work with an exclusive selection of high-net-worth clients and remain their trusted property advisor throughout the transaction process.”

Metropolitan Group launched its Institutional Sales division in May this year which is exclusively focused on transactions involving buildings, plots and income generating trophy assets. In parallel, Mallorca Properties has a strong track record of strategic transactions and is primarily focused on commercial investment opportunities.

Notes to the Editor

About Metropolitan Premium Properties

Metropolitan Premium Properties (MPP) is the Metropolitan Group’s flagship property company based in Dubai. It is a full-service real estate agency offering customized solutions to developers, owners and investors who are looking to maximize value from their luxury real estate assets. MPP offers a complete real estate solution under one roof and has the UAE’s largest premium property portfolio.

About Mallorca Properties

A Family-owned multi-award-winning boutique real estate investment advisory with the clear goal of being a niche service provider and focused on big ticket commercial opportunities.

*Source: AETOSWire


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