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Abu Dhabi: Metropolitan Capital Real Estate (MCRE), a leading full-service real estate agency, sold the entire “Ohana by the Sea” development consisting of 45 buildings located on the border of Dubai and Gantu in less than 30 days Composed of high-end villas. This marks one of the fastest off-market sales in the UAE for an entire villa development offered to agents on an exclusive basis. More than 80% of the villas are sold off-site to Metropolitan Group’s VIP clients, which include clients from Europe and the CIS countries.
“Ohana by The Sea Villas” is a luxury residential community at Ohana Development located between Abu Dhabi and Dubai. Located along the Arabian Riviera in Gantu Sahel Amarat, the community offers coastal living in a secluded family-friendly neighbourhood. The residential project includes four to five bedroom villas starting at AED 4,600,000 and ranging in size from 275 sqm.up to 555 square meters
Evgeny Ratskevich, CEO of Metropolitan Capital Real Estate, said: “Most real estate projects in the UAE are sold on the open market, meaning that multiple agencies are involved in the sales process. However, in many international real estate markets, projects are offered on an exclusive basis to trusted agencies, Because this can really simplify the process for developers. For an agency, selling an entire project in less than 30 days is probably a record in the UAE, after Ohana’s success, if on an exclusive basis with a niche development I wouldn’t be surprised if this is the start of an emerging trend in the market. For a luxury project outside the main UAE cities to sell out so quickly shows that there is interest in prime coastal locations across the country, not just in Dubai or Abu Zabi.”
Husein Salem, COO, Ohana Development, said: “We looked at several options to find the best way to market and sell our project, and ultimately decided to award it to Metropolitan Capital Real Estate on an exclusivity basis. Their experience with off-the-plan projects, overall brand recognition and market reputation are our Key to the decision. Their team was also immersed in our product and their ability to take over the entire project (including sales and marketing) from AZ was very attractive to us and proved to be the right decision.”
The “Ohana by the Sea” coastal community blends seamlessly with the community’s natural and pristine beauty. The development blends in with the natural environment, encouraging guests and residents to become guardians of the ecosystem in order to preserve the heritage of the Sahel Emmarat.
The Metropolitan Group in the UAE includes two full-service real estate agencies: Metropolitan Premium Properties (Dubai) and Metropolitan Capital Real Estate LLC (Abu Dhabi). The group also owns Metropolitan Consulting FZE, a support firm providing personal and commercial legal services in the UAE.
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