Whitewill Blog

This highly private apartment on the ground floor offers the seclusion of lush greenery on the terrace. You’ll feel as though you’re living in a verdant landscape park, enjoying breakfast in the shade of palm leaves each morning.

Dine surrounded by nature

The apartment's windows open to a private park. The 40 sqm terrace features a stylish dining area for six, a lounge with a large daybed, a meditation cocoon, and a bar counter perfect for morning coffee. To enhance privacy, large trees and shrubs have been planted along the perimeter.

Savor the designer renovation

The corner living room offers panoramic views of palm trees, making it feel like a countryside villa. The bright kitchen is complemented by a dark oak shelving unit and a natural marble dining table. All appliances and furniture are brand new.

There is also a staff block with a separate entrance, shower, and bathroom, which can be converted into an office or a nanny’s room if desired.

Price

$2,530,000

First, let’s reestablish the overall context – the Central Bank raised the key interest rate to 18%. Market mortgage rates have increased to 22%, project financing to 20%, and deposits to 19%. Many are asking, «What should we do in this situation?» while others have yet to return from their vacations.

Meanwhile, Whitewill continues its work. In July, we closed 132 deals amounting to 8.8 billion rubles:

- 60% in Moscow;

- 30% in Dubai and Abu Dhabi;

- 10% in London and Miami.

This is not the result we are accustomed to, nor are you. However, it is not yet critical. Various factors are currently influencing the market. We remain focused on our clients, deals, and numbers.

The most interesting part is yet to come.

Last Friday, we celebrated our company's 8th anniversary. As a gift, our team prepared a series of remarkable deals.

We also have a tradition where brokers delay the signing dates of deals to coincide with the celebration day. So, on June 28, our office gongs saw long queues. And that is truly gratifying.

June results

We sold 196 apartments totaling 13 billion ₽:

- 56% in Moscow;

- 30% in Dubai;

- 14% in Abu Dhabi, London, and Miami.

Additionally, we closed 36 rental deals worth 20 million ₽.

Major deals

- $5.8 million for an apartment at Malaya Dmitrovka, 9;

- $14 million for a villa on the Palm;

- $4.2 million for a villa in Ohana by the Sea in Abu Dhabi;

- $1.8 million for an apartment in Chelsea Island, London;

- $800,000 for an apartment at 13th St Pomrano Beach, Miami.

An honest perspective

Oleg Torbosov has set a new annual target for the company: to achieve 200 billion ₽ in sales. To meet this goal, monthly sales must surpass those of 2023.

Six months in, we have accumulated 80 billion ₽. By this time last year, we had 75 billion ₽. While a 7% increase is noteworthy, it is not yet sufficient for confidently reaching our target. However, the second half of the year has always been more productive. We continue to strive.

Rate the latest photos of Oleg Torbosov's new apartment, which has recently been renovated. Its main feature is a terrace surrounded by greenery with a dining area, where it will be nice to have breakfast in the morning or gather with friends for evening gatherings. The terrace is also complemented by a breakfast bar, an outdoor bed and a lounge area.

Everything in the apartment is brand new, including household appliances, finishing and premium plumbing. No one has lived here since the renovation: the apartment was not rented out.

In short, the main points:

2 bedrooms, 150 m²;

40-meter terrace;

servants' block with separate entrance;

3 bathrooms;

parking space is included in the price.

Price:

$2,500,000.

Currently, the only skyscraper on Palm Jumeirah is The Palm Tower. However, it will soon face competition from the architectural marvel Como Residences, featuring a series of vertical lakes. For now, The Palm Tower stands prominently above Nakheel Mall.

Regarding its exterior, notice how the tower expands towards the upper floors. This design choice was intentional to make the skyscraper resemble a palm tree. Do you see the resemblance? The island looks like a palm, the tower looks like a palm, and both names include the word «palm». It's a recursive theme.

At the top of the tower is an observation deck. Below, there's a large mall and the island's museum. The lower floors house the St. Regis Hotel with its restaurants, bars, swimming pools, and spa – all the classic amenities. Floors 19 through 47 are designed as residential apartments with their own club facilities. Residents also have access to all hotel amenities.

Starting prices in 2016:

• Studios – from $450,000;

• 1-bedroom units – from $850,000.

The project includes a total of 430 apartments. Options range from 50 m² studios to 100 m² 1-bedroom units. Over the past 8 years, property values have increased by 60%, averaging about 7,5% per year.

Several acquaintances of Oleg Torbosov live in this building and have shared their impressions. They are thrilled with the panoramic views, the convenient mall, and the long green park perfect for walks with children. On the downside, there are no balconies and traffic congestion on the Palm is becoming more frequent.

Here are fresh photos of the Vida Residences complex, taken by Oleg Torbosov during a recent walk through Dubai Marina. A friend of his, who lives there, suggested he explore the project for future flipping investments. Although Oleg declined the idea, he still decided to study the Vida tower by the canal in detail. The project was completed in 2023 – brand new.

The interiors of the common areas were designed by VIDA hotel designers, creating cozy lounges, corridors, and a lobby in warm beige tones. There's an abundance of wood and stylish decor. The DMCC metro is just 100 meters away. Right by the building, there's a private yacht club. Residents also have access to a cozy gym and a swimming pool with a bar on the 12th floor, overlooking the marina.

In the past year, 80 apartments were sold on the secondary market. Sales started in 2018. Back then, prices were:

One-bedroom – from $270,000;

Two-bedroom – from $450,000;

Three-bedroom – from $830,000.

In seven years, prices for one- and two-bedroom units have doubled. Prices for three-bedroom units have increased by 70%. Early investors in the project have already earned 20% annual returns in dollars. Current rental yields are:

$50,000 per year – for a one-bedroom unit;

$65,000 per year – for a two-bedroom unit;

$95,000 per year – for a three-bedroom unit.

The most profitable units in the project turned out to be the one-bedrooms. When rented out, the ROI reaches up to 13% for those who bought at the construction stage, or up to 6% for those buying now.

Here are new photographs of the Stella Maris tower, taken by Oleg Torbosov during a recent walk through Dubai Marina. From the project's inception, it was clear that the finished structure would not deliver a wow effect or stand out among the neighboring skyscrapers. And indeed, this turned out to be the case.

Nevertheless, residents enjoy a robust set of club amenities: a lobby with a high ceiling, a podium-level swimming pool, and a fitness center with water views. Since the beginning of the year, only eight completed apartments have been sold. For comparison, the nearby Vida Marina has sold 27.

Current prices:

One-bedroom – from $700,000;

Two-bedroom – from $1,000,000;

Three-bedroom – from $1,600,000.

The most intriguing units are the duplex townhouses with waterfront terraces, each measuring 400 m². These are currently priced at $4,000,000.

Stella Maris is located on Marina Walk Street in the southern part of the district. There is a notable lack of premium retail and fresh concepts in the area: mostly budget markets and Arabic cafes are nearby. Closer to the 52/42 towers, the area is even quieter. However, this might change once the Dubai Marina promenade extends to Bluewaters. Tourists rarely venture here, making it an ideal spot for those who prefer to avoid the bustle of the metropolis.

Traditionally, April and December see the highest number of deals closed throughout the year. These are the most profitable months, when the gong echoes ceaselessly in our offices across all continents where Whitewill is represented. And the year 2024 was no exception.

Setting a new record

In April alone, we closed 225 deals totaling 21,1 billion rubles or $230 million. And that's not including the rental department, which contributed an additional 25 million rubles to the overall tally. The average deal amounted to 93 million rubles. Once again, we've surpassed our record for monthly sales. Now, we're gearing up for a trip to warm destinations, courtesy of the company.

Office contributions:

• 55% – Moscow;

• 35% – Dubai;

• 10% – Miami, London, and Abu Dhabi.

Top deals:

• 1,4 billion rubles – for 62 apartments in Northern Port;

• 430 million rubles – for a penthouse in Tishinsky Boulevard: sold 2 of these;

• 620 million rubles – for a mansion on Pyatnitskaya;

• 285 million rubles – for a house in Renaissance Park;

• 218 million rubles – for 3 retail spaces in Eiler Business Center;

• 841 million rubles – for an apartment in Como Residences in Dubai;

• 411 million rubles – for an apartment in Mamsha Saadiyat in Abu Dhabi;

• 159 million rubles – for an apartment in The Arc in London;

• 233 million rubles – for an apartment in Sunny Isles Beach.

Those who work hard, play hard. Our top brokers are already packing their bags and preparing for a company-sponsored trip to another resort destination. What awaits them this time – the Maldives or Madagascar? Stay tuned, we'll soon reveal.

Not long ago, our London team moved to a new office located near Hyde Park. During the May holidays, Oleg Torbosov specially flew to Britain to see firsthand what the office on Marble Arch turned out to be like.

We relocated at the beginning of 2024 from an office in the Chelsea area, which had become too small for our expanding team. Currently, we have 20 employees working in London. By the way, in April, we closed 6 deals, with the seventh one on the way.

In just a couple of days, Oleg added signature touches to the office through express flipping. The interior now boasts desk lamps, stylish posters, and more greenery. We ordered blinds for the windows and moldings, got rid of clutter in the cabinets, optimized the wardrobe, and bid farewell to ugly mirrors.

Come and visit us to see for yourself the impressive transformation of our new office in London.