The Pricey Residence Includes Handcrafted Wooden Doors And A Unique, Floor-To-Ceiling Private Cinema Created By Vox Experts, Among Other Features.
Another expensive property was listed in one of the sought-after areas of Dubai in 2022, as the market for super-prime real estate in the emirate continued to flourish. Exclusively Luxhabitat Sotheby’s International Realty, the strongest selling and advertising platform for luxury real estate, has listed a custom-built 6 Bedroom Villa in Emirates Hills. The villa, which is situated in sector L and has a built-up area of 30,000 square feet. In addition, a plot size of 32,932 square feet overall, will be sold for Dh190 million.
Due to the dearth of luxury properties in Dubai, according to Luxhabitat Sotheby’s International Realty. Which has sold one expensive villa in Emirates Hills this year for a total of Dh458.5 million. The newly listed property will attract the attention of high-net-worth individuals (HNWIs).
According to Leigh Borg, executive partner at Luxhabitat Sotheby’s International Realty, “a firm favorite among expatriate families. Especially from across Europe, the UK, India, and the GCC. Several of these villas have seen remodeling and renovations to accommodate to unique and contemporary tastes.” He claimed that the very exclusive address’s limited supply of villas has guaranteed significant capital growth.
As the “Beverly Hills of Dubai,” Emirates Hills has recently seen record high prices. Because of limited supply and rising demand from ultra-high net worth individuals from abroad who are swarming to the area to invest in real estate. During the third quarter of 2022, sales of luxury properties increased by 40%, reaching Dh727 million, as per DLD.
With the assistance of the Thai company PIA Interior, Miami architect Kobi Karp created the opulent mansion. Which boasts a number of stunning features. Handcrafted wooden doors, a customized kitchen with Miele as well as Siemens appliances. A private cinema with Dolby atmos sound designed by Vox experts, and a stunning eight-meter Precise chandelier to 500 hand-blown glass plates. And crystal butterflies that hangs over the villa’s 50-year-old Bonsai tree are just a few of the luxurious features of the pricey property.
Adding to its appeal, Emirates Hills provides access to two championship golf courses, the Montgomerie and Emirates Golf Clubs. A pool, spa, and fitness center are available at the hotel Montgomerie.
It serves as a further reminder that Dubai’s prime market is now extending beyond more conventional neighborhoods like Emirates Hills. As well as Palm Jumeirah, to Tilal Al Ghaf poised to be among the city’s most sought-after communities once it is finished.
According to Knight Frank, this impressive Dh90 million ($24 million) mansion has a remarkable plot size of 25,870 square feet. Moreover, a built-up area of 30,742 square feet. Buyers took advantage of the chance to customize the mansion, adding massive master suite with more than 2,000 square feet. Moreover, choosing to turn the exterior guesthouse into an executive office, Cummings continued. On top of all of this, the home also features three swimming pools. One of which has a triple-height waterfall, a home spa, a gym, and a relaxing deck that looks out onto the crystal lagoon.
Think about Tilal Al Ghaf
When Lanai Island is finished in 2026, it will be the first of 2 private islands that Majid Al Futtaim will release in Tilal Al Ghaf. It will feature new seven and 8BR ultra-luxury mansions that were created in association with SAOTA. A renowned South African architect’s studio, and Kelly Hoppen, a celebrated interior designer.
There are only 13 luxurious mansions total on the island. Which are divided into nine Shore mansions and four opulent Edge Mansions. They are all located on a private island in the middle of a 1.2 km crystal lagoon.
Knight Frank noted that Dubai’s prime residential market has been. Moreover, will continue to be a global outlier, with record price growth in 2022. Dubai’s prime residential market includes the neighborhoods of Emirates Hills, The Palm Jumeirah, and Jumeirah Bay Island.
Due to Dubai’s status as a safe haven for ultra-high net worth individuals searching for luxurious second homes. As well as the government’s innovative response to the pandemic that has inspired investor confidence, prime real estate values are being driven up.