Gulf Sotheby’s International Realty closes the largest Sale of the Year at AED74 Million

Posted On: 14 05 2019

Gulf Sotheby’s International Realty closes the largest Sale of the Year at AED74 Million

Gulf Sotheby’s International Realty is pleased to announce a record-breaking Palm Jumeirah sale. The penthouse at Omniyat’s One Palm was completed in the second quarter of 2019 for AED74 million. The remarkable property spans across 24,000 square feet on three floors and houses five en-suite bedrooms along with entertainment areas and is rightfully deemed as one of Dubai’s most exclusive residential addresses.

Chris Whitehead, Managing Partner of Gulf Sotheby’s International Realty commented, ” The apartment’s sale is not luck, we specialize within the ultra-luxury segment and focus our marketing strategies towards this level of an asset. The ultra-luxury market can be a difficult segment but is something we excel at due to our experience and network. The penthouse sale is one of four prestigious sales transacted by Gulf Sotheby’s International Realty this quarter and was brokered by Lana Gorbach, one of our leading luxury consultants.”

Lana Gorbach who comes with over 15 years of in-depth Dubai knowledge and experience in real estate, garners consecutive awards such as a top performer time and time again. Lana represents the most sought-after luxury properties of ultra-high net worth individuals. Her clients’ portfolios vary and follow emerging opportunities for real estate investments not only in Dubai but globally as well. Lana specialises in some of the most prestigious districts in Dubai, such as Palm Jumeirah, Dubai Marina, Downtown Dubai, and Emirates Hills. Lana prides herself an expert in trophy asset sales and we couldn’t agree more.

Along with the commendable One Palm sale, Gulf Sotheby’s International Realty also concluded three of the most expensive property transactions in Emirates Hills for the same quarter, brokered by Leigh Borg and Leigh Williamson, both of whom achieve incredibly high numbers for the company and also closed the AED100 million Emirates Hills Villa in 2017, the highest property transaction ever recorded for an Emirates Hills villa.

Gulf Sotheby’s International Realty understands the art of selling luxury lifestyle and is aware that selling a luxury property of this stature requires perseverance, patience, and trust. Built on centuries of Sotheby’s tradition and an affiliate network of 990 global partners, Gulf Sotheby’s International Realty represents exclusive properties, luxury homes, and a multitude of prestigious development projects in the UAE and other major international metropoles.

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