Post by Dubai Sotheby's International Realty

As exclusively reported by Arabian Business, Dubai Sotheby’s International Realty has completed the UAE’s largest land acquisition of a one-of-one beachfront estate on Naïa Island, valued at AED560 million and spanning more than 80,000 sq ft. The off-market transaction was executed at the highest level through direct engagement with senior leadership, underlining its exceptional discretion and exclusivity. George Azar, Chairman and CEO of Sotheby’s International Realty across the UAE, UK and KSA, commented: “People often tend to forget the level of discretion that goes into ground-breaking acquisitions like this. The buyers from the wealthiest 1% of the world aren’t visible; you will never see them go through just any intermediary to buy something like this and a beachfront estate of this scale will never be available through just any channel. Our advisories, across our markets and offices — including the UAE, UK and KSA — have built their model on providing expertise within this very specific niche of the global market. Dubai offers an unrivalled value proposition for the crème de la crème, and so do we.” Read more: https://lnkd.in/dQk2j2Yx