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Luxhabitat Sotheby’s International Realty announces that Dr. Taieser Al Saati has been promoted to Managing Partner. With extensive experience in the GCC real estate market, Dr Al Saati is one of the leading top professionals in the region, working exclusively with high net worth individuals and investors.
Over the past two years, Dr. Al Saati has generated more than $1.4 billion in residential and commercial real estate sales.
Of this, $1 billion in sales was achieved in Jumeirah Bay alone; capital appreciation in this area will be as high as 25% over the next 24 months.
Dr. Al Saati has completed several record-breaking transactions on Jumeirah Bay Island. These include the single largest residential site sale on Jumeirah Bay Island for AED 180 million and several Bulgari mansions with Skyline views.
Dr. Al Saati also completed the only expensive resale land deal in the ultra-exclusive Marsa Al Arab.
According to Luxhabitat Sotheby’s International Realty’s analysis of prime locations in Dubai* in Q2 2022, Jumeirah Bay Island saw the largest price increase per square foot.
Prices in the second quarter (QoQ) increased by 44.3% to AED6,500 psf. The island also recorded the highest growth among the major off-the-plan markets, rising 27.7% to AED4,828 psf in the second quarter.
With just 128 residential sites, Jumeirah Bay is a mouth-watering and unique. This area is the ultimate choice for ultra-high net worth individuals to build their dream home in prime waterfront real estate.
Jumeirah Bay is the region with the highest one-way billionaire density in the UAE; the density of billionaires per square meter exceeds that of Palm Jumeirah, Emirates Hills, and Dubai Hills.
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