Dubai's luxury real estate sector continues to find buyers among global celebrities, with renowned French influencer Nabilla Leona Benattia-Vergara joining a long list of investors.Nabilla Vergara, who is also the founder of personal care brand Nabilla Beauty, has, through ON Real Estate's founder and chief Executive Officer Omar Naguib's trusted advisor, bought a €5 million penthouse at DAMAC Bay by Cavalli.
The addition of Vergara is emblematic of a larger structural trend whereby global celebrities are increasingly investing in Dubai's sought-after luxury real estate sector. Many recent and reliable studies predict that the sector will grow further by more than 10% in 2023 - higher than other global markets which, according to experts, are unlikely to reach double-digit growth this year.
Located in Dubai Harbour, between the Palm Jumeirah and Blue Water Island, DAMAC Bay by Cavalli is the epitome of luxury real estate. The desirability of such branded residences is also attributable to Dubai's growing status as a safe haven for investment, characterised by geopolitical stability, financial security and socio-cultural allure. Such attributes have inspired high net worth individuals and celebrities such as Nabilla Vergara, who previously purchased a luxury property in Al Barari through long-time advisor Omar Naguib and ON Real Estate.
"Multilingual advice, exclusive access and a seamless transaction and documentation process continue to influence buying decisions in the luxury real estate sector in Dubai," said Omar Naguib, Founder and CEO of ON Real Estate." Our ongoing business relationship with Nabilla Vergara is predicated on these factors. As advisors, we go beyond providing access to properties and facilitating transactions; we strive to provide an enjoyable experience and give potential buyers the opportunity to become part of our elite community."
Sharing the specifics of her home-buying experience, Nabilla Vergara said that Dubai's strategic positioning in the global economy encourages people of different cultures, races and professions to consider the city in terms of their long-term aspirations and residency." I feel at home in Dubai. Since I first set foot here, the city has steadily, positively and hugely contributed to my business prospects and lifestyle. Therefore, buying a property in Dubai was a pragmatic decision considering the well-being of my family as I enter the next phase of my life. I thank Omar Naguib and ON Real Estate for the perfect home buying experience," Vergara concluded.
