A penthouse at Dubai’s Bluewaters Island has been sold for a record AED80 million, building the momentum on the city’s real estate sector.
The four-bedroom unit, covering an impressive 9,252 square feet, was sold by B1 Properties, a real estate agency operating in the region.
While Palm Jumeirah and Jumeira Bay Island have traditionally garnered attention from investors and buyers, Bluewaters Island and Madinat Jumeirah Living have emerged as sought-after destinations for waterfront properties in Dubai.
Bluewaters Island, in particular, has witnessed a steady increase in average per sq. ft. prices, solidifying its position as a prime real estate location.
Deniz Zeybek, Vice-President of Sales at B1 Properties, lauded the company’s track record in securing successful deals adding that “B1 Properties has demonstrated the ability to secure successful deals worth a total value of AED1 billion since its inception a year ago.”
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