Dubai’s ultra-luxury property market has set a brand new benchmark after Eden Realty confirmed the record-breaking sale of a single-plot villa in Emirates Hills for AED260m ($71m) — the best worth ever achieved for a single-plot villa within the unique group.
Spanning roughly 50,000sq ft, the seven-bedroom property was by no means publicly listed and was proven solely to pre-qualified consumers, reflecting the privateness and exclusivity of such ultra-prime gross sales.
Fabricio Saltini, Managing Companion at Eden Realty, represented the vendor, whereas Michael Charalambous, Affiliate Director at Dubai Sotheby’s Worldwide Realty, acted for the client.
$71m villa sale in Dubai
Saltini stated: “Representing this property was a privilege, not solely due to its distinctive scale and placement, however due to the belief positioned in us to handle a strategy of such discretion.
“This sale reinforces our perception that the suitable community, deep market experience, and an unrelenting dedication to confidentiality are what ship outcomes at this stage.”
Situated on Emirates Hills’ most prestigious stretch — generally known as the “Golden Mile” — the villa enjoys sweeping views over the lakes and Handle Montgomerie golf course.
This milestone additional cements Eden Realty’s place on the pinnacle of Emirates Hills’ luxurious market. The agency and its companions have now dealt with three of the 4 costliest transactions in the neighborhood:
- AED260m ($71m)
- AED210m ($57m)
- AED209m ($57m)
Barney Crompton, Companion and Co-Founding father of Eden Realty, stated: “The truth that Eden Realty has been concerned in three of the 4 highest-value transactions in Emirates Hills speaks volumes concerning the power and resilience of Dubai’s ultra-luxury property market.
“International demand for uncommon property within the metropolis stays unmatched, and Emirates Hills continues to cement its place because the crown jewel for high-net-worth traders.”
Also known as the “Beverly Hills of Dubai,” Emirates Hills stays one of the vital unique residential enclaves within the UAE, attracting royalty, celebrities, and international enterprise leaders.
The AED260m ($71m) sale underlines the enduring attraction of Dubai’s luxurious actual property sector and the continued international demand for uncommon, high-value property.