Luxury Dubai Property Demand Reaffirmed With Sale Of 8-Bedroom Mansion On Lanai Island
A mansion in the Tilal Al Ghaf villa community has been sold for Dh200 million. Setting a new price benchmark for the Majid Al Futtaim Properties project. The sale confirms the continuing strong demand for luxury homes in Dubai. Particularly those priced at Dh100 million and above. This sale comes just days after the biggest residential plot sale ever in the UAE was completed. Along with a transaction, value of Dh125 million on Jumeira Bay.
The mansion sold is located on the manmade ‘Lanai Islands’, part of a collection of 13 homes set within a 150,000 square meter lagoon. With over 30,000 square feet of gross floor area, the villa includes eight bedrooms, a floating lounge deck, a sunken rooftop terrace with 360-degree views of the lagoon, and a triple-height courtyard that brings light and greenery into the home’s center. Orange City Properties completed the sale.