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The performance of the Dubai real estate market in the first six months of 2021 was amazing to say the least, with the sale of two Palm Jumeirah villas for more than 100 million dirhams (over 27 million US dollars), setting a record high. The month of April. In the second half of this year, it is already seeking to match this performance by signing Dubai’s most expensive lease agreement-villas on the Palm Jumeirah were rented out for Dh3.8 million (just over US$1 million).
The deal was facilitated by Riccardo Scala, head of luxury sales and luxury rentals at LuxuryProperty.com, an award-winning brokerage firm, who was also behind the two most expensive villa sales this year. As one of Dubai’s leading real estate agents, Riccardo has won numerous awards in personal, monthly and quarterly transactions and has been a leader this year. The villa is operated by Luxury Explorers’ Collection, a high-end concierge and property management service provider, and tenant details are confidential.
“Since Covid-19 swept the world about 18 months ago, we have seen a sharp rise in demand for super premium properties,” Riccardo said. “Buyers and tenants who move to Dubai must not only look for beautiful houses, but also provide privacy and safety for their families. Areas such as Palm Jumeirah have met all these requirements for our customers, and transactions of this nature have shown The sales and leasing strength of the market in 2021.”
One of the popular trends that Riccardo saw this year is the demand for fully furnished and turnkey houses, as well as additional services such as concierge and housekeeping, both of which are provided by Luxury Explorers’ Collection.
“The first half of this year is unbelievable. At the rate of rising demand, we are far from complete. I believe that more record-breaking deals will be announced before the end of this year.
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