A luxury penthouse at Atlantis The Royal Resort & Residences was successfully sold for AED 64M by Metropolitan Premium Properties
The Group’s biggest online transaction was an AED 20m commercial property in Business Bay, acquired by an overseas investment fund
Dubai, United Arab Emirates: TheMetropolitan Group announced its flagship real estate companies, Dubai-based Metropolitan Premium Properties (MPP) and Abu Dhabi-based Metropolitan Capital Real Estate (MCRE), registered a combined 200% increase in online sales transactions from international buyers over the past seventeen months.
The Metropolitan Group registered AED 1.5bn overall sales in 2020 and AED 3.5bn by the end of September 2021.
The Group witnessed an increase in online transactions from overseas buyers since the start of COVID-19 (March 2020) and this trend has continued into 2021. Online sales transactions now represent 15% of all the Group’s sales transactions compared to only 5% pre-COVID-19. The Group’s biggest online transaction was an AED 20m commercial property in Business Bay, acquired by an overseas investment fund.
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