In a significant transaction for Dubai’s luxury real estate market, a 19-bedroom villa located in Emirates Hills sold for AED 148 million. This sale ranks as the fourth-highest ever achieved for a villa in the prestigious Emirates Hills community and places it among the top three most expensive villas sold in Dubai this year. Dubai Sotheby’s International Realty facilitated the sale, solidifying their position as a leading broker for high-end properties.
The palatial villa boasts an expansive 80,000 square feet of land and an impressive 55,700 square feet of living space, making it one of Dubai’s largest residences. This transaction underscores the enduring strength of Dubai’s luxury property market and the unparalleled caliber of Emirates Hills, a community renowned for its exclusivity and opulence.
“This sale exemplifies the dynamism of Dubai’s luxury real estate sector and reinforces the unmatched luxury and prestige offered by Emirates Hills,” commented a Dubai Sotheby’s International Realty spokesperson. “This transaction establishes a new benchmark for luxury properties in the region and represents a pivotal moment in Dubai’s real estate history,” they further remarked.
Publish April 3, 2024
Source: https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-aed148mn-property-sold-marking-third-most-expensive-villa-sale-this-year
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