A villa that sold for more than Dh100 million ($27m) topped the list of the most expensive property deals in Dubai Hills Estate, according to Luxhabitat Sotheby’s.
The property deal, a resale transaction, set a record as it took less than a month to close, the agency said. The property was on the market for Dh115m but Luxhabitat Sotheby did not disclose the exact selling price or the name of the buyer.
The custom-built home in Dubai Hills Grove is one of the largest mansions in the development, with a built-up area of 31,296 square feet (2,907 square metres) on a 37,000-square-foot plot.
It has seven bedrooms, eight bathrooms, a cellar, swimming pool and sprawling basement.
On the ground floor, the living areas connect with the external spaces through tall, glazed bi-fold doors that open out into the gardens, as well as on to the terrace and pool.
The top floor features living and bedroom areas, with ornate en suite bedrooms. The basement houses the cellar, a sleek bar, snug movie area and casino-style table.
Dubai Hills Grove is a villa community on the Street of Dreams in Mohammed bin Rashid City. Homes are offered shell and core, and owners can customise villas according to their preferences.
Property sales transactions in Dubai hit a 12-year high in July, with the emirate registering 4,384 sales deals worth Dh11.18 billion, according to listings portal Property Finder. Demand for luxury properties, particularly in the residential sector, has also boomed, according to EFG Hermes.
Luxury home sales in July jumped 360 per cent year on year to Dh2.68bn.
Palm Jumeirah had the best annual price performance, rising to Dh2,143 a square foot in July 2021, from Dh1,268 in July 2020, according to EFG.
The worst-performing area in terms of price was Motor City, where annual prices in July fell to Dh677 a square foot from Dh1,244.
The more serious side of specialty coffee
While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.
The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.
Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”
One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.
Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms.
Company%20profile
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Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
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More from Neighbourhood Watch:
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
FIGHT CARD
Welterweight Mostafa Radi (PAL) v Tohir Zhuraev (TJK)
Catchweight 75kg Leandro Martins (BRA) v Anas Siraj Mounir (MAR)
Flyweight Corinne Laframboise (CAN) v Manon Fiorot (FRA)
Featherweight Ahmed Al Darmaki (UAE) v Bogdan Kirilenko (UZB)
Lightweight Izzedine Al Derabani (JOR) v Atabek Abdimitalipov (KYG)
Featherweight Yousef Al Housani (UAE) v Mohamed Arsharq Ali (SLA)
Catchweight 69kg Jung Han-gook (KOR) v Elias Boudegzdame (ALG)
Catchweight 71kg Usman Nurmagomedov (RUS) v Jerry Kvarnstrom (FIN)
Featherweight title Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)
Lightweight title Bruno Machado (BRA) v Mike Santiago (USA)
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
THE SPECS
Engine: 3.5-litre supercharged V6
Power: 416hp at 7,000rpm
Torque: 410Nm at 3,500rpm
Transmission: 6-speed manual
Fuel consumption: 10.2 l/100km
Price: Dh375,000
On sale: now
Global state-owned investor ranking by size
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China
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Japan
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Norway
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Canada
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COMPANY%20PROFILE
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