Ellington, Al Hilal sign Dhs300 million deal

Ellington Properties, Dubai’s design-led property developer, has signed an Dhs 300 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.

Located on The Palm Jumeirah, the world’s most prestigious man-made island and one of Dubai’s premium neighbourhoods, the signature villas reflect the focus of Ellington Properties to offer luxury properties of exceptional quality and world-class design that blend sophistication and style. These luxury homes will add to the four iconic beachfront villas by Ellington Properties on The Palm Jumeirah, which were launched in 2018 and sold for Dhs75 million.

Ellington Properties has joined hands with Al Hilal Homes to create long-term value for discerning customers through these high-quality villas as well as strengthen Dubai’s position as a global investment hub offering a world-class lifestyle. The new collection of homes is 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.

Elie Naaman, Chief Executive Officer - International, Ellington Properties, said: “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. 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.”

Jaouad Bouhannouch, CEO, Al Hilal Homes, 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.”