DUBAI: LUXHABITAT Sotheby’s International Realty has announced that Dr. Taieser Al Saati has been promoted to Executive Partner. With vast experience in the GCC’s real estate market, Dr. Al Saati is one of the region’s leading real estate professionals specializing in working with high-net-worth individuals and investors.
Over the past two years, Dr. Al Saati has secured the sales of more than USD 1.4 billion in residential and commercial properties. Among these, USD 1 billion of sales were achieved in Jumeira Bay alone; an area that is set to witness capital appreciation of as much as 25 percent in the next 24 months.
Dr. Al Saati has closed several record-breaking transactions in Jumeira Bay Island. Among these is the single biggest residential land sale in Jumeira Bay Island for AED 180 million and several Skyline view Bvlgari mansions. Dr. Al Saati has also closed the only expensive resale land deal at the super-exclusive Marsa Al Arab.
According to an analysis of prime areas* in Dubai in Q2 2022 by LUXHABITAT Sotheby’s International Realty, Jumeira Bay Island had recorded the largest increase in prices per sq. ft. The prices (quarter-on-quarter) had jumped by 44.3% to reach AED 6,500 per sq. ft. in Q2. In the prime off-plan market, the island also recorded the highest gains, jumping by 27.7% to reach AED 4,828 per sq. ft in Q2.
Jumeira Bay has only 128 residential plots, making them highly coveted and exclusive. The area presents itself as the ultimate option for prime beachfront real estate for ultra-high net worth individuals to build their dream homes. Jumeira Bay has the highest density of billionaires on a single stretch in the UAE; exceeding Palm Jumeirah, Emirates Hills, Dubai Hills when it comes to the density of billionaires per sqm.
Dubai’s biggest and strongest marketing and selling platform for luxury real estate, LUXHABITAT Sotheby’s International Realty focuses on residential and commercial luxury sales and leasing, luxury property management, institutional investments, and luxury project developments in the UAE and the GCC. The company provides high-end properties in premium residential areas such as Emirates Hills, Palm Jumeirah, Al Barari, Jumeirah Islands, Jumeirah Golf Estates, Meadows, Lakes, Arabian Ranches among others.
* The Dubai prime residential market areas used for the analysis included Al Barari, Arabian Ranches, Downtown Dubai, Dubai Marina, Business Bay, Emirates Living, Jumeirah, Jumeirah Beach Residence, Mohammed bin Rashid City, Jumeirah Golf Estates, Jumeira Bay, Jumeirah Lake Towers and Palm Jumeirah. The analysis included in this report is based on data from the Dubai Land Department.
About LUXHABITAT Sotheby’s International Realty
Headquartered in Dubai, LUXHABITAT Sotheby’s International Realty focuses on residential and commercial luxury sales and leasing, luxury property management, institutional investments, and luxury project developments in the UAE and beyond. LUXHABITAT Sotheby’s International Realty represents the marketing and sales partnership between Sotheby’s International Realty brand in the entire GCC region and LUXHABITAT, a design-led real estate marketing and technology company. Together, we are now the biggest and strongest marketing and selling platform for luxury real estate in Dubai, making us the foremost luxury real estate brokerage in the market today. We are focused in sourcing the best quality properties in premium residential areas such as Emirates Hills, Palm Jumeirah, Al Barari, Jumeirah Islands, Jumeirah Golf Estates, Meadows, Lakes and Arabian Ranches as well as the best apartments and penthouses in upscale buildings such as Le Reve, Index Tower, Six Towers, Burj Khalifa, The Address Hotels, among others.