CBA Real Estate has secured an exclusive listing for a penthouse at Serenia Living on Palm Jumeirah, priced at AED 170 million, or about $46 million. Gulf Today reported the mandate on 20 February 2025, describing it as a landmark for Dubai's ultra-prime residential market.
The property
- Location: Serenia Living, Palm Jumeirah
- Size: 18,815 sq ft (1,748.27 sq m)
- Asking price: AED 170 million (about $46 million)
- Status: exclusive listing with CBA Real Estate
The penthouse offers views across the Arabian Gulf, with carefully finished interiors and distinctive architecture. At the asking price, it works out to roughly AED 9,000 per square foot.
The team behind the mandate
The listing is handled through CBA Prestige, the company's high-end division dedicated to ultra-high-net-worth clients. The division works with a small number of exceptional homes, giving each one marketing and buyer outreach suited to its scale.
Gulf Today credited Dr. Salman Bin Ali's market knowledge and strategy for the firm's growth, and reported that CBA Real Estate had exceeded AED 800 million in total sales within eight months.
Why exclusive mandates matter at this level
A home of this size and price will attract only a small pool of buyers worldwide. For the owner, an exclusive mandate means one accountable advisor controlling how the property is presented, who sees it and how negotiations are handled. That protects privacy and helps avoid the inconsistent pricing and overexposure that can come with multiple agents marketing the same home.
For serious buyers, an exclusive listing gives a single, reliable point of contact with direct access to the owner's position, which makes the process clearer and quicker.
What it says about the market
Palm Jumeirah remains a sought-after address for very large waterfront homes. Listings at this price point show the confidence owners have in the depth of international demand for genuinely rare property in the city.
Note that this is a listing, not a completed sale. The final outcome will depend on the right buyer and on negotiation, which is where an experienced exclusive agent adds the most value.
About CBA Real Estate
CBA Real Estate is a Dubai brokerage founded at the end of 2022 by Dr. Salman Bin Ali, who leads the company as CEO, with Yelena Chuiko as Managing Partner. The firm is registered with the Real Estate Regulatory Agency under ORN 39665.
This story was first reported by Gulf Today in February 2025.