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Dh24.4 million District One West sale underscores the premium on verified listings

Dh24.4 million District One West sale underscores the premium on verified listings
Trust and verified access to available stock are emerging as central concerns in Dubai’s luxury housing market, where buyers increasingly question the accuracy of online listings. A recent Dh24.4 million transaction in District One West Phase 2, handled by Fedy Arapi of CBA Real Estate, exemplifies this shift. The unit fetched about Dh2,722 per sq ft, exceeding the development’s displayed median of around Dh2,330 per sq.ft, and sitting well above the project’s recent median transaction value of about Dh14 million — ranking it among the larger recent sales in District One West. As prime residential Dubai continues to draw deep-pocketed investors and end users, genuinely available high-quality homes are being held tightly and vendors are choosier about representation. For prospective luxury purchasers the issue is less the volume of online listings and more the ability to verify which properties are truly on the market and which brokers maintain direct lines to sellers. Salman Bin Ali, CEO of CBA Real Estate, says that a brokerage’s true metric is the amount of genuine inventory owners entrust it to market, adding that the firm holds billions of dirhams in exclusive inventory across Dubai. Fedy Arapi, portfolio advisor, noted the District One West sale highlights the value of relationships and targeted positioning over simply advertising listings. CBA is focusing its model on exclusive stock, connections and execution, arguing that a deep, connected inventory makes the market come to them rather than the other way around.
Source: Gulf News