Latest news with #MetropolitanPremiumProperties
Zawya
29-04-2025
- Business
- Zawya
Gulf House Real Estate launches Olaia Residences in the heart of Palm Jumeirah
Dubai, UAE: Gulf House Real Estate, a premier luxury real estate developer in Dubai, is announcing the launch of its first signature development, Olaia Residences, an exclusive residential project set in the heart of Palm Jumeirah – one of the world's most iconic destinations. Leading UAE brokerage firm, Metropolitan Premium Properties, is the exclusive sales and marketing partner for the project. Positioned on Dubai's most prestigious address, Olaia captures the very essence of waterfront luxury living, boasting panoramic views of the Arabian Gulf, Dubai skyline and private beach access. State-of-the-art amenities will include indoor and outdoor pools (rooftop), a wellness center, a mini-golf, 24/7 security and concierge services. 'Olaia is more than just a residence; it's a living statement, a symbol of elevated living and personal distinction,' said Eng. Mohammed Mana Sultan Aballala, Founder and Chairman of Gulf House Real Estate. 'At Gulf House, we believe exceptional living goes beyond aesthetics which means our developments are designed to deliver personalized service, attention to detail and a seamless experience from purchase through to post-handover care.' Blending architectural brilliance with refined elegance, Olaia Residences offers a limited collection of bespoke duplexes and luxury apartments, crafted to deliver an extraordinary lifestyle where opulence meets serenity. The collection of uniquely designed homes, created for discerning buyers who seek individuality and prestige, boasts a sophisticated design with floor-to-ceiling glass and expansive terraces showcasing uninterrupted views. Palm Jumeirah is synonymous with luxury and grandeur and Olaia Residences is the newest crown jewel within this globally recognized community. Olaia Residences will become a destination where everyday life feels like an escape—where breathtaking sunrises and evenings by the sea become a daily ritual. Maria Karmalova, Head of Exclusive Sales at Metropolitan Premium Properties said: 'From an investment perspective, the Palm Jumeirah community is among the most popular and high-performing in Dubai and it has already helped sell 20% of the project prior to launch. There is a limited availability of new luxury developments on Palm Jumeirah, strong rental demand from high-net-worth tenants as well as excellent resale potential thanks to its central location and prestigious surroundings.' The residences will consist of 1–3 bedroom apartments and 3–5 bedroom duplexes with the price for a 1-bedroom unit starting at AED 3.2M (USD 871K) and the initial price for a duplex at AED 11M (USD 2.9M). There are 18 duplexes on the top floor, with private pool, and 16 on the ground floor with sizes ranging from 2,200 sqft up to 4,000 sqft. The available payment plan is 50/50 with a 10% booking fee. Handover of the project is expected for Q4 2027. Olaia Residences is perfectly situated on Al Ittihad Park, 1.1 million sqft of green oasis where visitors can take relaxing strolls, have a picnic, jog on a 3.2 km track, do yoga or exercise amidst beautiful greenery and a picturesque setting. Olaia is also ideally next to The Palm Monorail, the only public transportation system on the Palm that lets its users explore key destinations such as the Golden Mile Galleria, Al Ittihad Park, Nakheel Mall and Atlantis Aquaventure. The Monorail will also connect residents within minutes to the vibrant city center, providing easy access to five-star hotels, Michelin-starred restaurants, designer boutiques and premier leisure destinations. Gulf House Real Estate is a forward-thinking real estate developer renowned for redefining the landscape of luxury living in the UAE. With a focus on innovation, craftsmanship and lifestyle-centric design, the developer is committed to creating timeless properties that reflect the aspirations of a new generation of homeowners. About Gulf House Real Estate Developer Gulf House Real Estate Development stands at the forefront of luxury living, dedicated to creating iconic residences that challenge architectural conventions and redefine the meaning of elegance. With a commitment to bespoke design, our developments are curated for discerning individuals seeking homes that reflect their personal taste, lifestyle, and aspirations. Our philosophy is simple yet powerful: true luxury is not mass produced—it is tailor-made. We work hand-in-hand with globally renowned architects, interior designers, and artisans to shape residences that offer both aesthetic brilliance and functional perfection
Gulf News
28-04-2025
- Business
- Gulf News
Gulf House Real Estate's Olaia Residences offers luxury waterfront living
Gulf House Real Estate, a premier luxury real estate developer in Dubai, has launched its signature development, Olaia Residences, an exclusive residential project set in the heart of Palm Jumeirah – one of the world's most iconic destinations. Leading UAE brokerage firm Metropolitan Premium Properties is the exclusive sales and marketing partner for the project. Located on Dubai's most prestigious address, Olaia captures the very essence of luxury waterfront living, boasting panoramic views of the Arabian Gulf, Dubai skyline and private beach access. State-of-the-art amenities include indoor and outdoor pools (rooftop), a wellness centre, a mini-golf, 24/7 security and concierge services. 'Olaia is more than just a residence; it's a living statement, a symbol of elevated living and personal distinction,' says Mohammed Mana Sultan Aballala, Founder and Chairman of Gulf House Real Estate. 'At Gulf House, we believe exceptional living goes beyond aesthetics, which means our developments are designed to deliver personalised service, attention to detail and a seamless experience from purchase through to post-handover care.' Blending architectural brilliance with refined elegance, Olaia Residences offers a limited collection of bespoke duplexes and luxury apartments, crafted to deliver an extraordinary lifestyle where opulence meets serenity. The collection of uniquely designed homes, created for discerning buyers who seek individuality and prestige, boasts a sophisticated design with floor-to-ceiling glass and expansive terraces showcasing uninterrupted views. Palm Jumeirah is synonymous with luxury and grandeur and Olaia Residences is the newest crown jewel within this globally recognised community. Olaia will become a destination where everyday life feels like an escape—where breathtaking sunrises and evenings by the sea become a daily ritual. Investment opportunity 'From an investment perspective, the Palm Jumeirah community is among the most popular and high-performing in Dubai and it has already helped sell 20 per cent of the project prior to launch,' says Maria Karmalova, Head of Exclusive Sales at Metropolitan Premium Properties. 'There is a limited availability of new luxury developments on Palm Jumeirah, strong rental demand from high-net-worth tenants as well as excellent resale potential thanks to its central location and prestigious surroundings.' The residences will consist of one- to three-bedroom apartments and three- to five-bedroom duplexes with the price of a one-bedroom unit starting at Dh3.2 million and the initial price for a duplex at Dh11 million. There are 18 duplexes on the top floor, with private pool, and 16 on the ground floor with sizes ranging from 2,200 square feet up to 4,000 square feet. The available payment plan is 50/50 with a 10 per cent booking fee. Handover of the project is expected in the fourth quarter of 2027. Olaia Residences is situated on Al Ittihad Park, 1.1 million square feet of green oasis where visitors can take relaxing strolls, have a picnic, jog on a 3.2km track, do yoga or exercise amidst beautiful greenery and a picturesque setting. Olaia is also next to The Palm Monorail, the only public transportation system on the Palm that lets its users explore key destinations such as the Golden Mile Galleria, Al Ittihad Park, Nakheel Mall and Atlantis Aquaventure. The Monorail also connects residents within minutes to the vibrant city centre, providing easy access to five-star hotels, Michelin-starred restaurants, designer boutiques and premier leisure destinations. Gulf House Real Estate is a forward-thinking real estate developer renowned for redefining the landscape of luxury living in the UAE. With a focus on innovation, craftsmanship and lifestyle-centric design, the developer is committed to creating timeless properties that reflect the aspirations of a new generation of homeowners.
Khaleej Times
27-03-2025
- Business
- Khaleej Times
Luxury meets privacy at this exclusive island in Dubai
Dubai's Jumeirah Bay is known as the Billionaires' Island, and rightly so. Nestled off the coast between Downtown and World Islands, this uber-luxurious island is home to centimillionaires and billionaires. Connected to Dubai by a private bridge, the private island features just 128 ultra-premium plots offering unmatched privacy, breathtaking skyline views, and direct waterfront access. 'Plots on the island were offered only to Gulf royals…The net worth of the people who live there is much higher than you can imagine. Most of them are billionaires, not millionaires. People who are buying at Bvlgari Residences know that whatever they have is a jewel in their crown. It is very difficult to find a seller. If anything is being sold, it is off-market most of the time,' said Rasha Ibrahim, senior sales manager at Metropolitan Premium Properties. Premium records Jumeirah Bay Island has cemented itself as the destination for ultra-luxury real estate in Dubai with its continuous record-breaking transactions. A six-bedroom custom-built villa was sold for a record Dh330 million, making it the most expensive home on the island. The previous record was a cool Dh240.5 million. According to Sotheby's International Realty, if the price per square foot is taken into account, Jumeirah Bay Island is already the most expensive residential area in Dubai. 'The island's properties consistently achieve higher per square foot rates than Palm Jumeirah and Emirates Hills, with record-breaking transactions like…the Dh330 million mansion sale solidifying its dominance. As demand continues to rise, Jumeirah Bay will continue to set new benchmarks for ultra-luxury real estate in Dubai,' said Regan Faulkner, associate director at Dubai Sotheby's International Realty. According to Rasha, a custom-made villa on Jumeirah Bay Island will cost double what is available in other posh areas like the Palm. 'We offered Dh500 million price to some of the owners, but they rejected the offer. They said they would not sell it even for Dh1 billion. They want to enjoy that exclusivity that Jumeirah Bay Island offers them,' says Rasha, who is known as the 'Queen of Bvlgari Island' as she specialises in the project. 'There are people who rent only in Bvlgari because they cannot live anywhere else and not settle below that quality of life. They live in the most posh places in London, the US and they just cannot compare any other residence in Dubai,' she said. Leading the price rally Dubai's prime residential market has surged, and Jumeirah Bay Island has led the way. While overall prime areas saw an 18.2 per cent increase in value, the island's most exclusive plots have appreciated far beyond this average. According to Sotheby's International Realty, in just three months, plots of the same size on Jumeirah Bay jumped from Dh150 million to Dh180 million, marking a 20 per cent increase in value. This highlights the overwhelming demand and limited availability on the island. Regan believes that the price rally will continue into 2025 as well. 'The limited supply of plots, the unrivalled prestige, and the increasing influx of UHNWIs are set to push prices even higher. Market forecasts already predict an 8 per cent rise in luxury real estate prices for 2025, but Jumeirah Bay Island is likely to massively outperform this projection, given its scarcity and rising global demand. 'Unlike other luxury communities, Jumeirah Bay Island is a true standalone island, accessible only by a single private bridge, which ensures an unparalleled level of exclusivity and seclusion for residents, as well as providing an ultra-prime waterfront location with a clear and unobstructed view of the Dubai skyline and Arabian Gulf.' The island offers the 'unique opportunity for true customisation', which is something that ultra-high net worth individuals (UNHWIs) prize. It provides options for custom-built ultra-luxury mansions that are specifically designed to meet individual tastes and requirements. 'Additionally, residents can access Bvlgari Resort and Yacht Club, offering a high-end lifestyle experience,' said Regan. According to Metropolitan Properties, prices increased more than 40 per cent last year and plots that were sold initially at Dh25 million have seen their prices go up by 200 per cent so far. Billionaires' island or billionaires' row? Frond G of Palm Jumeirah is another address that billionaires want in their portfolios. Unlike Frond G, which is attached to Palm Jumeirah, Jumeirah Bay Island is a private island sanctuary, with a single exclusive entry point. Frond G offers medium-to-large beachfront villas as a part of a larger development, whereas Jumeirah Bay Island plots are significantly larger, allowing for fully custom-built ultra-luxury mansions. 'It's also worth noting that Jumeirah Bay Island has overtaken Palm Jumeirah in property values, with transaction records now significantly higher than those on Frond G,' said Ioana Armeanu, associate director at Dubai Sotheby's International Realty. Lyndsey Redstone, private office adviser at Allsopp & Allsopp, called Jumeirah Bay the 'perfect private retreat'. 'Whether it's a full-time home or a place to stay when visiting the city, nothing compares. With villas surrounded by the Bvlgari Resort & Marina and just a short drive from the city, it's no surprise that the area is becoming the top choice for the elite.'
Zawya
04-03-2025
- Business
- Zawya
Penthouse.ae lists Signature Villa on Palm Jumeirah for AED 7.5mln yearly rent
Dubai, United Arab Emirates: powered by Metropolitan and the luxury division of Metropolitan Premium Properties, has exclusively listed, in collaboration with Savills, a Signature Villa, on the prestigious Palm Jumeirah for an annual rent of AED 7.5 million ($2 million). 'As Dubai continues to cement its position as one of the world's ultra-luxury real estate capitals, this Signature Villa listing underscores the city's unrivaled offerings in the super-prime segment,' said Marcus Andersson, Director of Sales, 'The Signature Villa is an ideal offering for UHNWIs seeking a once-in-a-lifetime rental opportunity in one of the world's most sought-after locations. This villa is a true masterpiece, designed to cater to the most discerning clientele who expect nothing less than perfection in every aspect of their lifestyle.' With its prime location and its array of high-end features, the villa caters to ultra-high-net-worth individuals (UHNWIs) seeking unparalleled luxury and exclusivity, further solidifying Dubai's position as a leading global destination for ultra-luxury real estate investors. This stunning villa sits on a 15,000 sq ft plot and offers breathtaking views of the Arabian Gulf and the Dubai skyline. The meticulously designed residence features four bedrooms, two garages and several luxurious amenities, including a show kitchen, grease kitchen, two living rooms, a dining room and a dedicated office space. Each of the four main bedrooms features built-in wardrobes, while the villa also includes two staff rooms. The villa's contemporary design is evident in its premium finishes, cutting-edge appliances, and stylish furnishings from Fendi. Residents can enjoy a private indoor gym, home theatre, jacuzzi and sauna, an infinity pool and a cold plunge pool. The outdoor space is equally impressive, with an infinity pool overlooking the Arabian Gulf and Ain Dubai, the world's tallest observation wheel. provides a full-suite, concierge-style service for ultra-high-net-worth property owners and investors. From strategically positioning ultra-exclusive properties and facilitating off-market deals to curating investment portfolios, ensures every aspect of the process is handled with precision and discretion. expertise is backed by a deep understanding of the market, a global network and a proven track record. A team of 30 expert agents, caters to a clientele from across the world, matching discerning buyers with exceptional properties, from private waterfront villas to penthouses with panoramic views. For more information on the Signature Villa, please visit About powered by Metropolitan is the luxury division of Metropolitan Premium Properties, a Dubai-based full-service real estate agency and the flagship property company of the Metropolitan Group. The brand was launched in 2022 to cater to the discerning needs of Ultra High-Net-Worth Individuals (UHNWIs) who require a bespoke real estate experience in the UAE. The agency caters to properties valued at AED 15M and above, offering tailored end-to-end solutions that include opening bank accounts to assist with visas, legal services, company formation and property management among others. About Metropolitan Premium Properties Metropolitan Premium Properties (MPP) is the Metropolitan Group's flagship property company based in Dubai. It is a full-service real estate agency offering customised solutions to developers, owners and investors who are looking to maximise 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. For further information, please contact: Lejo Johnny Leidar MENA Email:
Arabian Business
27-02-2025
- Business
- Arabian Business
MGS Development unveils new luxury waterfront Edgewater Residences in Dubai Islands
An exclusive waterfront development, the project comprises three elegant 12-storey towers with two podium floors featuring 1, 2 and 3-bedroom semi-fitted apartments. The company said the project will feature stunning views of the Arabian Gulf and championship golf courses from the 5 th floor upward. Metropolitan Premium Properties (MPP), the flagship property company of the Metropolitan Group, is the exclusive sales and marketing partner for the project, the company said. The developer said it has partnered with AYENK, a Miami-based architectural firm known for its expertise in luxury waterfront design. The apartments in the project are priced from AED 1.68 million for a one-bedroom unit to AED 3.25 million for a 3-bedroom unit.
