The sale of an AED 148 million villa in Emirates Hills has set a new record for a real estate deal in Dubai. The 19-bedroom estate sold for the fourth-highest price ever for an Emirates Hills home.
This luxurious villa was sold by Dubai Sotheby’s International Realty, and it is currently the third most expensive villa sold in Dubai this year.
Located in the gated community of Emirates Hills, this magnificent villa boasts one of the largest living spaces in Dubai, spanning 80,000 square feet of land and 55,700 square feet of living space.
“This sale underscores the luxury real estate market’s vitality in Dubai and highlights the unparalleled luxury and exclusivity that Emirates Hills offers to its residents,” said a spokesman for Dubai Sotheby’s International Realty.
“This transaction sets a new benchmark for luxury real estate in the region and marks a noteworthy moment in Dubai’s real estate history,” he added.
Emirates Hills, with minimum sales prices of AED 11 million and maximum asking prices exceeding AED 100 million, is regarded by Bayut as one of the best communities of luxury villas in Dubai.