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CBA Real Estate achieves Dhs14.9 million sale at Dubai's Bulgari Resort
๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emirates /Economy & Trade

CBA Real Estate achieves Dhs14.9 million sale at Dubai's Bulgari Resort

From Gulf Today · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • CBA Real Estate finalized a Dhs14.925 million transaction at Bulgari Resort & Residences in Dubai.
  • The deal achieved approximately Dhs 9,282 per sq. ft., ranking among the development's highest price-per-square-foot sales.
  • This transaction highlights CBA Real Estate's strong position in Dubai's ultra-prime property market, emphasizing its extensive inventory and network.

CBA Real Estate has solidified its standing in Dubai's ultra-prime property sector with a significant transaction totaling Dhs14.925 million at the Bulgari Resort & Residences. This deal achieved an impressive price of approximately Dhs 9,282 per square foot, positioning it among the most notable price-per-square-foot transactions recorded within the exclusive development.

The successful sale further bolsters CBA Real Estate's reputation as a premium brokerage, boasting billions of dirhams in exclusive inventory. The company attributes its strength to deep-rooted relationships with sellers, buyers, investors, and other brokerage firms across Dubai. This extensive network allows CBA to create a powerful marketplace, offering buyers direct access to opportunities that might not be widely available on the open market.

Salman Bin Ali, CEO of CBA Real Estate, emphasized the company's unique value proposition. "Our strength comes from the depth of our inventory and the network surrounding it," Bin Ali stated. "CBA holds billions of dirhams in exclusive inventory, which gives our buyers access to opportunities they may not find elsewhere. At the same time, brokers and companies come to us because they know we are close to sellers and control genuine stock."

Our strength comes from the depth of our inventory and the network surrounding it. CBA holds billions of dirhams in exclusive inventory, which gives our buyers access to opportunities they may not find elsewhere. At the same time, brokers and companies come to us because they know we are close to sellers and control genuine stock.

โ€” Salman Bin AliThe CEO of CBA Real Estate explained the company's competitive advantage in the Dubai property market.

Kamile Maseviciute of CBA Real Estate, who brokered the Bulgari transaction, highlighted the importance of relationships and access in such a competitive market. "Bulgari is a very relationship-driven market," Maseviciute said. "You need to stay closely connected to owners, understand which buyers are genuinely active and know what is happening before opportunities become widely available. That connectivity helped us position the property correctly and bring the right parties together."

This transaction is part of CBA Real Estate's broader strategy to enhance its control over quality inventory and strengthen its market connectivity. The company continues to expand its exclusive stock while investing in technology, data, market intelligence, and advisory services to maintain its leading edge in Dubai's dynamic luxury real estate landscape.

Bulgari is a very relationship-driven market. You need to stay closely connected to owners, understand which buyers are genuinely active and know what is happening before opportunities become widely available. That connectivity helped us position the property correctly and bring the right parties together.

โ€” Kamile MaseviciuteThe CBA Real Estate broker described the key factors in closing the significant deal at Bulgari Resort & Residences.
DistantNews Editorial

Originally published by Gulf Today in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.