The $1 billion (Dh3.67 billion) Eden Hills project, which will serve the high net worth individuals who are living or moving to the emirate, was inaugurated on Thursday by the boutique developer H&H Development, based in Dubai.
The uber-luxury villa project, which is situated on Al Khail Road next to Dubai Hills Estate, has prices ranging from Dh17.5 million to Dh97 million, which will help satisfy Dubai’s need for such projects.
According to international real estate experts Knight Frank, the third quarter of 2024 saw a decline in the number of luxury property listings in Dubai as demand continued to exceed supply.
400 transactions were recorded in the city’s most desirable areas in Q3 2024, up from 489 in Q3 2023. This is in line with the decline in the quantity of houses for sale in the entire city.
But in the third quarter of 2024, 92 deals worth at least $10 million were signed, up 8.2 percent from the previous quarter’s 85.
The project will be finished in three stages and will include 327 villas with five, five plus, and six bedrooms, as well as 29 customizable plots. In the gated community’s initial phase, up to 104 villas were put up for sale.
Natural landscape
The Central Wadi, a verdant natural setting that is inextricably interwoven with the town, is located at the center of Eden Hills.
“The launch of Eden Hills marks a significant milestone in our journey to create exceptional living spaces that will endure the test of time,” said Miltos Bossinis, chief executive officer at H&H Development.
“This development reflects the precision and meticulous attention to detail that have become the hallmarks of H&H Development. We are delighted to present Eden Hills to the market, offering the first 104 villas for sale to homeowners seeking a community that inspires a genuine sense of belonging that will be cherished for generations,” he said.
Eden Hills ensures convenience and connectivity by offering access to upscale dining options, upscale shopping, recreational areas, prestigious educational institutions, and on-site medical facilities.
The first phase of Eden Hills’ construction, which started in October 2024, is expected to be finished by Q4 2027.
