Dubai-based Ellington Properties has signed an agreement worth $82 million with Al Hilal Homes, a leading real estate brokerage firm, to offer premium homes in Dubai.
As per the deal, Ellington will expand its Villa Collection at The Palm Jumeirah, adding a limited selection of high-end properties to the four beachfront villas by Ellington Properties on The Palm Jumeirah.
Offering uninterrupted views of the Arabian Gulf, the Villa Collection homes feature five bedrooms, private infinity swimming pool, garden, and outdoor seating area.
The contemporary architecture and distinctive design of the villas will assure investors a balanced indoor and outdoor lifestyle.
Ellington Properties (International) CEO Elie Naaman said: "Dubai is the ideal destination for those who seek a luxury lifestyle. With growing interest from affluent global investors, we are now adding a limited selection of villas to our Villa Collection through our partnership with Al Hilal Homes."
"These homes meet the lifestyle choices of ultra-high-net-worth individuals who have an affinity for seaside living and prefer an upmarket and design-led lifestyle," he added.
Al Hilal Homes CEO Jaouad Bouhannouch said: "Ellington Properties has set a distinctive niche in the market through their design-led and award-winning residential developments."
"Partnering with them to develop the one-of-its-kind luxury villas in Palm Jumeirah further adds to our portfolio of exclusive projects in Dubai," he added.-TradeArabia News Service