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Ellington Properties makes $82mn high-end villa deal with Al Hilal Homes for The Palm Jumeirah

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The new luxury homes will join four beachfront villas by Ellington Properties on The Palm Jumeirah, which were sold for $20 million

Ellington Properties has signed an $82 million agreement with Al Hilal Homes, a leading real estate brokerage firm, to expand its Villa Collection at The Palm Island “through a cluster of impeccably designed signature villas.”

Ellington Properties said in statement that the signature villas reflect a focus “to offer luxury properties of exceptional quality and world-class design that blend sophistication and style.”

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 residents a balanced indoor and outdoor lifestyle, said Ellington Properties.

The new luxury homes will join four beachfront villas by Ellington Properties on The Palm Jumeirah, which were launched in 2018 and sold for $20 million.

The new villas have been “elegantly conceptualised with a contemporary colour scheme and distinctive amenities to integrate aesthetics, refinement, and ultimate luxury. They will be the epitome of style, elegance and modernity and provide a serene and indulgent lifestyle for residents,” said Ellington Properties.

“Dubai is the ideal destination for those who seek a luxury lifestyle. With increased interest from affluent investors, we are now adding a cluster of bespoke villas to our Villa Collection at The Palm Island through our partnership with Al Hilal Homes,” said Elie Naaman, CEO – International, Ellington Properties.

“These luxurious, beachfront home are designed to complement the lifestyle of ultra-high-net-worth individuals and families who have an affinity for seaside living and prefer an upmarket and design-led lifestyle.”

Al Hilal Homes was established in 2013 and since its inception, the firm has forged alliances with leading developers in Dubai. The company is recognised as a reliable and trust-worthy brokerage firm, offering well-informed advice to its vast network of clients. Specialised in luxury lifestyle communities, the company assists high-net-worth individuals find their dream homes in the UAE.

Jaouad Bouhannouch, CEO, Al Hilal Homes, added: “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.

“Dubai offers incomparable value for luxury real estate and we look forward to catering to individuals with a penchant for high-end living through the exclusive villas. The partnership reflects our commitment of working with world-class developers to provide unrivalled products and services to our valued customers.”

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