Villa for AED 190M (USD 51,7M) in Emirates Hills

A villa in the luxurious community of Emirates Hills in Dubai is listed for AED 190M (USD 51,7M). The exclusive property with 6 bedrooms is located in Sector L. The built up area of the mega mansion constitutes 30,000 sq. ft and the total plot size is 32,932 sq. ft.

The elite property is distinguished by exclusive features including a special Dolby Atmos private cinema with a floor-to-ceiling screen, which has been designed by VOX experts. There are also handcrafted wooden floors, a 50-year old Bonsai tree, as well as a 26 ft Preciosa chandelier with 500 hand-made glass spheres and crystal butterflies.

The sought-after neighbourhood of Emirates Hills, which is also known as the ‘Beverly Hills of Dubai’, is a popular community for expat families. Villas in the community of Emirates Hills are a favourite choice among expatriates, particularly from across UK, Europe, India and GCC countries.

Recently, there has been a significant increase in real estate prices across the emirate of Dubai. According to data from the Arabian Business news portal, last month, residential property prices across the prime markets of the emirate, including the areas of Jumeirah Bay, Palm Jumeirah and Emirates Hills, have increased by 29% during the third quarter of 2022.

According to the report, one of the main reasons for the price increase in Dubai is the shortage of new developments and the influx of ultra-high-net-worth individuals (UHNWI), aimed at purchasing a second home in the emirate. In Q3 of this year, sales volume rose by 40% reaching AED 727M (USD 198M), as stated by the Dubai Land Department

Last week, 1,600 transactions totaling over AED 4.8B (USD 1,3B) were registered in Dubai. The real estate deals included 176 plots worth AED 998.19M (USD 272M) and 1,052 properties, such as villas and apartments, worth AED 2,32B (USD 632M).