High-end property prices pushed to an all-time high

A penthouse has been sold for Dh80 million on Bluewaters Island, becoming the most expensive penthouse to be snapped up on the Island.

Sold by B1 Properties, the four-bedroom penthouse spans an area of 9,252 square feet. The emirate’s luxury property market has seen unprecedented demand, pushing high-end property prices to an all-time high this year.

Sold by B1 Properties, the four-bedroom penthouse spans an area of 9,252 square feet. The emirate’s luxury property market has seen unprecedented demand, pushing high-end property prices to an all-time high this year.

Deniz Zeybek , Vice President of Sales, B1 Properties, said they have sold properties worth Dh1 billion since their inception a year ago, contributing to Dubai’s growing reputation as a hub for luxury real estate and the continuous interest in the Emirate.

"We are thrilled to have achieved such extraordinary sales in a time when there is a slow-down in the market,” said Babak Jafari, CEO of B1 Properties.

While the most expensive villa was sold in Palm Jumeirah for Dh600 million. Recently, Bugatti Residences by Binghatti launched the most expensive penthouse at Dh750 million.