Penthouse.ae closes deals worth AED 180mln

Penthouse.ae closes deals worth AED 180mln

Dubai, United Arab Emirates: Further highlighting the growing demand for branded residences from international HNW investors, Penthouse.ae, a luxury division of Metropolitan Premium Properties (MPP), has closed five deals totaling AED 180 million at SLS Residences, an upcoming branded development located on Palm Jumeirah.

The deals for one 13,900 sq. ft. penthouse, two 4,200 sq. ft. three-bedroom duplexes and two 1,900 sq. ft. two-bedroom apartments were closed this month by the team at Penthouse.ae including Petri Mannila, Sales Director, Julia Kurbatova, Sales Manager and Kaarle Harju, Sales Executive.

All units were sold in the pre-launch phase and are due to be handed over in 2026. The buyers were from Western Europe continuing the recent trend of European investors flocking to the city, attracted by competitive pricing and Dubai’s international appeal.

Petri Mannila, Sales Director of Penthouse.ae, said: “Dubai is considered the leader in branded residences as it has the highest concentration of branded residences in the EMEA region with high growth expected in the sector over the next decade. The sector has grown by more than 150 percent over the past 10 years, largely thanks to the increasing number of HNWIs investing in the city. Branded residences provide a guaranteed level of quality