{"id":841220,"date":"2022-12-08T18:07:41","date_gmt":"2022-12-08T17:07:41","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/metropolitan-premium-properties-and-mallorca-properties-close-dubais-biggest-residential-land-transaction-for-aed-690m\/"},"modified":"2022-12-08T18:07:41","modified_gmt":"2022-12-08T17:07:41","slug":"metropolitan-premium-properties-and-mallorca-properties-close-dubais-biggest-residential-land-transaction-for-aed-690m","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-the-rest-of-the-world\/metropolitan-premium-properties-and-mallorca-properties-close-dubais-biggest-residential-land-transaction-for-aed-690m\/","title":{"rendered":"Metropolitan Premium Properties and Mallorca Properties close Dubai\u2019s biggest residential land transaction for AED 690M"},"content":{"rendered":"

\nThe strategic collaboration has led to selling three prime seafront plots at Dubai Marina\n<\/p>\n

DUBAI, United Arab Emirates–(BUSINESS WIRE)–Metropolitan Premium Properties<\/a> (MPP) \u2013 a full-service real estate agency and the Metropolitan Group\u2019s flagship property company, together with Mallorca Properties<\/a>, a boutique commercial real estate firm specializing in high-end and private real estate investment opportunities, have closed Dubai\u2019s single biggest residential land transaction to date \u2013 an AED 690M (USD 187.6M) deal for three plots at Dubai Marina.\n<\/p>\n

<\/a><\/p>\n

\nThe built-up area of the transaction is over 1.7 million sq. ft. and the total seafront plot is over 100,000 sq. ft. directly on Dubai\u2019s most luxurious marina with unobstructed views of the sea, Dubai Eye and Palm Jumeirah. Ultra-luxury apartments and penthouses are expected to be developed on the plots which were sold to a leading Dubai-based real estate developer.\n<\/p>\n

\nAhmed Abou El Naga, Head of Institutional Sales of Metropolitan Group has sourced and orchestrated the deal with the assistance of Fakhreddin Minooeifar, Founder and Chairman of Mallorca Commercial Real Estate Advisory who represented the buyer.\n<\/p>\n

\n\u201cThere are only a handful of seafront plots available in all prime Dubai neighbourhoods and they are completely off the market. We are glad to play such a pivotal role in adding such a flagship development to the iconic Dubai skyline,\u201d said Ahmed Abou El Naga, Head of Institutional Sales of Metropolitan Group. \u201cWe are currently witnessing a massive demand from international developers to expand their operations in Dubai market. Most of these multinationals are after prime plots to develop high-end luxurious projects.\u201d\n<\/p>\n

\nFakhreddin Minooeifar, Founder and Chairman of Mallorca Commercial Real Estate Advisory said: \u201cThis deal further reaffirms Dubai\u2019s leading positioning as a destination for prime plots and properties. We continue to work with an exclusive selection of high-net-worth clients and remain their trusted property advisor throughout the transaction process.\u201d\n<\/p>\n

\nMetropolitan Group launched its Institutional Sales division in May this year which is exclusively focused on transactions involving buildings, plots and income generating trophy assets. In parallel, Mallorca Properties has a strong track record of strategic transactions and is primarily focused on commercial investment opportunities.\n<\/p>\n

\nNotes to the Editor<\/span>\n<\/p>\n

\nAbout Metropolitan Premium Properties\n<\/p>\n

\nMetropolitan Premium Properties (MPP) is the Metropolitan Group\u2019s flagship property company based in Dubai. It is a full-service real estate agency offering customized solutions to developers, owners and investors who are looking to maximize value from their luxury real estate assets. MPP offers a complete real estate solution under one roof and has the UAE’s largest premium property portfolio.\n<\/p>\n

\nAbout Mallorca Properties\n<\/p>\n

\nA Family-owned multi-award-winning boutique real estate investment advisory with the clear goal of being a niche service provider and focused on big ticket commercial opportunities.\n<\/p>\n

\n*Source: AETOSWire<\/a>\n<\/p>\n

Contacts <\/p>\n

\nFor further information, please contact:
Lejo Johnny
\n
Leidar MENA
\n
Tel: 0097148170394, Cell: 00971504537023
\n
Email: lejo.johnny@leidar.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

The strategic collaboration has led to selling three prime seafront plots at Dubai Marina DUBAI, United Arab Emirates–(BUSINESS WIRE)–Metropolitan Premium Properties (MPP) \u2013 a full-service real estate agency and the Metropolitan Group\u2019s flagship property company, together with Mallorca Properties, a boutique commercial real estate firm specializing in high-end and private real estate investment opportunities, have […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49631],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-841220","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-the-rest-of-the-world"],"acf":[],"yoast_head":"\nMetropolitan Premium Properties and Mallorca Properties close Dubai\u2019s biggest residential land transaction for AED 690M - 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