Penthouse.ae achieves milestone as agency closes one of the fastest big-ticket real estate deals in Dubai

Penthouse.ae achieves milestone as agency closes one of the fastest big-ticket real estate deals in Dubai

Dubai, United Arab Emirates: Penthouse.ae, a luxury division of Metropolitan Premium Properties, a Dubai-based full-service real estate agency, has closed one of the fastest big-ticket transactions this year – an uber-luxury five-bedroom penthouse in the FIVE Luxe JBR Sensoria Tower.

The deal, which further solidifies the agency’s position as the go-to destination for ultra-luxury properties, was concluded for AED 50 million in just three days. The buyer, a first-time investor from the Netherlands, is expanding his business to Dubai, recognising the city's thriving economy and unparalleled business opportunities. The unit is expected to be handed over by the end of 2024.

The deal was closed by Penthouse.ae Sales Executive, Kaarle Harju, who was also involved last month in the sale of five units worth AED 125 million at SLS Residences, an upcoming branded development located in Palm Jumeirah. The agency also closed another deal for a full floor for AED 30 million at The Residence – Burj Khalifa to a Central American buyer. Also, at a recent open house, the luxury division sold a four bedroom contemporary villa on the Palm Jumeirah for AED 47 million designed by top Dutch interior designer, Eric Kuster.

Petri Mannila, Sales Director of Penthouse.ae, said: “This transaction