Dubai-based Ellington Properties has signed an agreement costing $82 million with AI Hilal Homes, a leading real estate brokerage firm, to provide premium homes in Dubai.
As per the offer, Ellington will expand its Villa Collection at The Palm Jumeirah, adding a restricted selection of high-end properties to the four beachfront villas by Ellington Properties on The Palm Jumeirah.
Offering continuous views on the Arabian Gulf, the Villa Collection homes highlight five rooms, a private infinity swimming pool, garden, and outdoor seating area.
The contemporary architecture and particular design of the villas will guarantee investors a reasonable indoor and outdoor way of life.
Ellington Properties (International) CEO Elie Naaman said: “Dubai is the ideal destination for those who seek a luxury lifestyle. With growing interest from affluent global investors, we are now adding a limited selection of villas to our Villa Collection through our partnership with Al Hilal Homes.”
“These homes meet the lifestyle choices of ultra-high-net-worth individuals who have an affinity for seaside living and prefer an upmarket and design-led lifestyle,” he added.
Al Hilal Homes CEO Jaouad Bouhannouch said: “Ellington Properties has set a distinctive niche in the market through their design-led and award-winning residential developments.”
“Partnering with them to develop the one-of-its-kind luxury villas in Palm Jumeirah further adds to our portfolio of exclusive projects in Dubai,” he added.