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Luxhabitat Sotheby’s auctions 14 high-end Raffles properties

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Luxhabitat Sotheby’s International Realty has announced the sale of 14 fully-furnished high-end properties at Raffles Residences, Palm Jumeirah, Dubai, including a AED153.1 million (US$42 million) triplex penthouse and an AED87 million (US$24 million) ten thousand dollars) four-storey villa.

The offering at Raffles comprises four villas, seven apartments and three three-storey penthouses.

The villas are available for purchase fully furnished, ranging from AED 52.1 million to AED 87 million, with built-up areas between 12,404 sq ft and 14,464 sq ft.

Penthouses are priced between AED 139.5 million and AED 153.1 million, with sizes ranging from 24,929 sq ft to 26,598 sq ft. Apartments are priced between Dh52.1 million and Dh84.5 million, with sizes ranging from 6,911 sq ft to 15,177 sq ft.

With contemporary design by Yodezeen architecture and interior design studio, properties at Raffles Residences feature bespoke lighting, bespoke kitchens and appliances from Italian brands Minotti, B&B Italia, Giorgetti, Catelan Italia, Turri, Poltrona Frau, Visionnaire, Yael and Designer furniture, it added, Golden Berg, Opera Contemporary and Casa Milano and Henge.

Launched in 1887, Raffles’ legacy is reflected in a string of hotels, resorts and residences in Singapore, London, Paris, Maldives, Seychelles and Dubai, according to Luxhabitat Sotheby’s, the brokerage for Raffles Residences.

Raffles Residences stands for luxury beachside living. Luxhabitat Sotheby’s International Realty also opened a retail store at Raffles The Palm in Dubai to preview designs for buyers, who can choose between classic and contemporary styles for their home. The modern design will be ready within nine months of purchase.

Mark Willis, CEO of Accor Middle East, Africa, India and Turkey, said: “The iconic Raffles Residences on Palm Jumeirah Dubai offers discerning investors exceptional leisure, dining and business facilities , in addition to world-renowned white-glove service, personalized concierge, chef and valet parking services, ensuring the ultimate luxury living experience.”

“Combining a world-class luxury hotel brand with a sought-after address, Raffles Residences Dubai, Palm Jumeirah offers investors a once-in-a-lifetime opportunity,” he said.

As one of the most sought-after real estate locations in the world, Palm Jumeirah continues to offer attractive investment opportunities, with the average price of prime secondary villas rising by 7.62% to $32 million in Q3 2022, according to Dubai Land Department Dirham. In terms of sales in the third quarter of 2022, Palm Island was the number one location for second-hand villas and second-hand apartments, with AED 1.17 billion and AED 1.71 billion, respectively.

Stephan Hirzel, Senior Global Real Estate Advisor at Luxhabitat Sotheby’s International Realty, said: “The Raffles name is synonymous with luxury and glamor, underpinned by a truly legendary culture of service. The properties listed will offer investors freehold land A villa with no additional taxation as a residence.”

“The Palm Jumeirah continues to capture many of the biggest sales in Dubai’s prime secondary real estate market, making it one of the city’s most sought-after neighbourhoods, with its breathtaking views and limitless dining and leisure facilities,” Hirzel noted.

Homeowners will have access to the resort’s leisure and business offerings, including venues such as Sola Jazz Lounge, Matagi, the iconic contemporary Japanese restaurant, Southern Italian restaurant by the sea, Piatti by the Beach and Raffles Patisserie.

According to Hirzel, the Residences also feature indoor and outdoor pools and the Cinq Mondes Spa, which has 23 treatment rooms, two private spa suites, scrub rooms, a hammam, and a well-equipped gym and yoga classes.

Residents can also enjoy a 500-meter private beach with sand imported from the Maldives and an 80-seat cinema. Residents can also take advantage of the Raffles Diamond Membership to access the Executive Lounge. Families can enjoy the Raffles Kids Club, he added.-TradeArabia News Service

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