At Dh260 million, Emirates Hills, a super-luxury all-villa complex in Dubai, just scored its third mega-deal of the year. The deal’s price per square foot (psf) would be Dh18,489, based on GCP-Reidin statistics.
This comes after a mansion sold for Dh425 million, the most expensive transaction in the community, and a house sold to UK steel magnate Lakshmi Mittal for Dh367 million.
Homes at Emirates Hills have been the subject of a few Dh100 million+ purchases since April 2024; the Dh425 million sale took place at the beginning of this year. The broader Dubai real estate market was primed for another strong year by that announcement, particularly in the premium and ultra-luxury segments.
Newer developments including Palm Jebel Ali, Dubai Islands, and the new buildings on and off Sheikh Zayed Road were also launched. For example, a penthouse sale for Dh125 million was recently offered at the Akala buildings.
However, Emirates Hills remains one of the most sought-after locations for wealthy individuals to invest in and reside in Dubai. There are now eight or nine postings for homes in Emirates Hills, with typical prices between Dh75 million and Dh75 million.
Creating more space at Emirates Hills
There are roughly 600 units in the entire town. Given the type of demand it continues to generate, the developer Emaar recently added extra land for residential construction within the neighborhood, generating about 20 plots. Based on statistics from GCP-Reidin, all of these were purchased for between Dh2,500 and Dh3,000 per square foot.
Other Emirates Hills properties may be offered for sale through the private sales market in addition to the ones on the list. wherein estate agents contact a few prospective purchasers, and a contract is eventually struck. This is commonplace in ultra-luxury residential settings.
The completion of the new Dh260 million deal will set the stage for what may turn out to be an exciting last four months of 2025. Dubai recorded record sales of houses valued at $10 million or more at the halfway point of the year.
Properties like Palm Jumeirah, Jumeira Bay Island, and Emirates Hills will continue to bring in a lot of money in this regard.
The new Naia Island in Dubai will soon provide fewer residential possibilities as well.