Metropolitan Capital Real Estate has sold Ohana By The Sea in less than 30 days

Metropolitan Capital Real Estate has proved its leadership on the UAE real estate market by having completely sold the Ohana By The Sea project in less than 30 days. This is one of the country’s fastest off-market sales for an entire villa project listed exclusively with one agency.

More than 80% of villas were acquired off-market by VIP clients of Metropolitan Capital Real Estate, including individuals from European and CIS countries. The sum of sales totalled AED 240M+ (USD 65M).

Ohana By The Sea is an elite collection of just 45 spacious villas by Ohana Development. The family-friendly community is nestled between Abu Dhabi and Dubai, along Sahel Al Emarat in Ghantout. There are 4 & 5-bedroom residences, with sizes ranging from 275 sq. m to 555 sq. m.

As stated by Evgeny Ratskevich, chief executive of Metropolitan Capital Real Estate, the majority of developments in the UAE are sold on the open market, which means that several agencies participate in the process. Nevertheless, abroad it is a common practice to give projects to trusted agencies on an exclusivity basis. This helps to make the sales more straight-forward to the developer. Evgeny added that such a sellout of a premium project outside a large city illustrates the ongoing demand for coastal addresses across the UAE, not just Dubai or Abu Dhabi.

According to Hussein Salem, chief operations and development officer of Ohana Development, their company has chosen to cooperate with Metropolitan Capital Real Estate thanks to its deep knowledge of the off-plan market and a well-established reputation. The agency handled the entire process from A to Z, including sales and marketing.