This $27m villa is the most expensive property sold in Dubai Hills Estate


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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.


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The specs

Engine: 4.0-litre, six-cylinder

Transmission: six-speed manual

Power: 395bhp

Torque: 420Nm

Price: from Dh321,200

On sale: now

The specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

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Send “thenational” to the following numbers or call the hotline on: 0502955999
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THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Updated: August 24, 2021, 1:23 PM`