Driven Properties, a company based in the United Arab Emirates, has announced a historic sale that has broken previous records in the Dubai real estate market.
On Jumeirah Bay Island, also called Bulgari Island, a completely renovated, ready-to-move-in apartment has sold for an incredible price of nearly AED 17,000 per square foot, the highest price ever paid for a ready-to-move-in apartment in the city.
Renowned real estate brokers Lina Allaoa and Kianoush Darban of Driven Properties, who represented the seller in this record-breaking transaction, handled this historic transaction.
Known for setting records and establishing the company’s supremacy in this prestigious area, their outstanding proficiency keeps raising the bar for luxury real estate deals in Dubai.
The residence, which is situated on a high floor, provides two panoramic views of the calm sea, Bulgari Marina, and the famous Dubai Skyline.
In Dubai, Jumeirah Bay Island is the pinnacle of exclusivity and luxury. The renowned Bulgari Resort and Residences are located there, and it is connected to the mainland by a 300-meter bridge. The island is one of the most sought-after addresses in the area because of its residents’ unmatched privacy, first-rate facilities, and stunning views.
“Setting this new record is a testament to Driven Properties’ unwavering commitment to excellence and our profound understanding of the luxury real estate market. This sale demonstrates that Dubai’s market remains strong and resilient, with demand for high-end properties continuing to thrive,” remarked Abdullah Alajaji, the CEO and Founder of Driven Properties.
“Lina and Kianoush have once again showcased their remarkable ability to exceed the expectations of our discerning clientele,” he added.
On the super sale, Darban said: “This record-breaking transaction is a proud moment for us, further proving that Dubai continues to attract elite buyers seeking the very best in real estate.”
On Jumeirah Bay Island, Driven Properties has a stellar record, routinely breaking old records and establishing new standards. He continued by saying that this most recent accomplishment solidifies the company’s standing as a pioneer in Dubai’s upscale real estate market.