Nabilla Leona Benattia-Vergara Acquires Penthouse At Damac Bay By Cavalli In Dubai Harbour
Celebrities from across the world continue to invest in Dubai’s luxury real estate market, with Nabilla Leona Benattia-Vergara joining a lengthy list of previous investors. With Omar Naguib, the founder, and CEO of ON Real Estate, Vergara—who is also the creator of the personal care company Nabilla Beauty—acquired a €5 million (more than Dh20 million) apartment in Damac Bay owned by Cavalli.
Vergara’s entrance is an example of a larger structural trend of international celebrities making more investments in Dubai’s coveted luxury real estate market. Some recent, trustworthy research has forecast that the industry would expand by more than 10% in 2023, outpacing other worldwide markets, where growth is less likely to reach double digits this year, according to experts.
DAMAC Bay by Cavalli is a premier example of opulent real estate. In addition, is situated in Dubai Harbour, between Palm Jumeirah and Bluewaters Island. Such branded houses are in high demand due to Dubai’s rising status. As a sanctuary for investors that combines geopolitical stability, financial security, and social attraction. Celebrities and high-net-worth individuals like Nabilla Vergara, who previously purchased a luxury house in Al Barari, are encouraged by such features.
According to Naguib, factors continue to impact purchasing decisions in Dubai’s luxury real estate category. Include multilingual advising, exclusive access, smooth transactions, and paperwork processes. “Such characteristics are the foundation of our continuous commercial connection with Nabilla Vergara.”
According to Vergara, Dubai has taken a crucial place in the global economy. Enticing individuals from various backgrounds, professions, and cultures to think about relocating there in the long run. “Dubai gives me a feeling of home. Dubai has consistently, favorably, and greatly influenced both my lifestyle and economic possibilities ever since I first set foot here. Hence, purchasing a house in Dubai as I begin my next chapter of life was a practical choice. Keeping in mind the welfare of my family, Vergara stated.