Dubai Hills is breaking the Dh100 million mark on home sales in Dubai after the Palm. Among Dubai Hills Estate’s most expensive villa transactions to date is the sale of a villa near a new mall that is due to open next year.
No details have been disclosed in terms of the price, but the brokerage firm that did the deal – Luxhabitat Sotheby’s – confirmed that it fetched more than Dh100 million. There has been a rapid recovery in Dubai’s luxury property market, both in terms of sale prices and rental rates. In a report by Savills, the UK consultancy confirmed Dubai’s prime residences were showing rental gains that put it among the Top 3 in the world, behind Miami and Moscow.
This sale was the result of an in-house collaboration between Luxhabitat Sotheby’s Leigh Williamson, managing director, representing the seller; and Honey Deylami, the associate director, representing the buyer. Honey and Leigh both function as top consultants in the luxury property market and have taken part in the surge in demand that has developed in the last year.
“When it comes to homes of this calibre, you have to understand the owner’s vision from the very beginning,” said Leigh Williamson – Managing Director of Luxhabitat Sotheby’s. “This frames how they view the home and enables you to recommend the right selling price to reflect the market and their bespoke goals.”
As far as luxury property in Dubai is concerned, Deylami is also quite familiar with what the city has to offer.
“We are lucky to handle the sale of some of the world’s most extraordinary properties here in Dubai. Buyers from all over the world recognize the higher standards of design, location, and functionality, as well as the enviable benefits Dubai includes from stability to economic growth, diversity to lower taxes, innovation to a coveted climate,” Deylami said.