Concierge Auctions' Dubai Sale Culminates Live with Millions in Properties Sold Across Three Countries and Three U.S. States

NEW YORK - Rezul -- Concierge Auctions announced today its inaugural Dubai portfolio sale concluded February 27. Bidding opened digitally via the firm's online marketplace, ConciergeAuctions.com, and culminated live at the Bulgari Resort in Dubai.

The global showcase featured luxury properties spanning three countries and three U.S. states—including Wolf Point Golf Club, a 1,640+ acre compound with 5,000-foot private runway/hangar and 18-hole world-rated golf course on the Texas Gulf Coast; a Santa Barbara, California retreat with gardens designed by famed landscape architect Lockwood de Forest; and villas in Dubai and Marrakesh, Morocco.

Launched in partnership with Dow Jones and Mansion Global to reach high-net-worth buyers in the Middle East and Dubai, this is the fourth year Concierge Auctions and the media powerhouses have partnered together on global showcase sales.

The sale resulted in nearly 150 attendees at live events in Dubai, 40 global bidders, and $450 million in competitive bids.

Properties under contract include:

• Wolf Point Golf Club, Texas Gulf Coast
• In cooperation with Rick Doak of Republic Ranches
• 818 Hot Springs Road, Santa Barbara, California
• In cooperation with Patricia Griffin of Village Properties
• 64 Promontory Ridge Drive, Las Vegas, Nevada
• In cooperation with Zar Zanganeh of Luxe Estates & Lifestyles
• Bromellia Villa, Al Barari, Dubai, UAE
• In cooperation with Will McKintosh of JLL
• Dar Nour, Marrakesh, Morocco
• In cooperation with Grant Rawlings of Chic Marrakech
• One Palm Vineyard Estate, St. Helena, California
• In cooperation with Linda Alioto of Better Homes and Gardens Real Estate Wine Country Group

The sale in Dubai launched on the heels of the firm's strongest year ever. In 2019 alone, Concierge Auctions exceeded $2.5 billion in historic sales, with an average sale price of $4 million, processed nearly $3.4 billion in competitive bids, and achieved YOY growth of 29%—from 143 auctions in 2018 to 185.

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As part of Concierge Auctions' Key For Key® giving program in partnership with Giveback Homes, each closing will result in a new home built for a family in need.

Concierge Auctions is now accepting properties for its May live auction in New York City. To find out more about how your property or listing could be considered for the sale targeting global buyers, call 212.202.2490. All current offerings may be viewed at ConciergeAuctions.com.

Concierge Auctions offers commissions to buyers' representing real estate agents. See Auction Terms and Conditions for full details.

About Concierge Auctions

Concierge Auctions is the largest luxury real estate marketplace in the world, powered by state-of-the-art technology. Since its inception in 2008, the firm has generated billions of dollars in sales, broken world records for the highest-priced homes ever achieved at auction, and is active in 40 U.S. states/territories and 29 countries. Concierge curates the most prestigious properties globally, matches them with qualified buyers, and facilitates transparent, market-driven transactions in an expedited timeframe. The firm owns the most comprehensive and intelligent database of high-net-worth real estate buyers and sellers in the industry. As a six-time honoree to the annual Inc. Magazine list of America's fastest-growing companies, it now joins the Inc5000 Hall of Fame; was named No. 38 on the 2018 Entrepreneur 360™ List recognizing 360 small businesses every year that are mastering the art of and science of growing a business in the areas of impact, innovation, growth, leadership, and business valuation; and has contributed more than 200 homes to-date as part of its Key for Key® giving program in partnership with Giveback Homes™, which guarantees that for every property the company sells, a new home will be built for a family in need. For more information visit conciergeauctions.com.

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