A record-breaking real estate transaction has taken place in Dubai with the sale of an AED148 million villa located in Emirates Hills. The 19-bedroom villa fetched the fourth-highest price ever achieved for a villa in Emirates Hills.
Sold by Dubai Sotheby’s International Realty, the high-end realty brokerage now holds the record for the third most expensive villa sold in Dubai this year.
Situated in the exclusive Emirates Hills community, the palatial villa encompasses 80,000 sq. ft. of land area and 55,700 sq. ft. of living space, making it one of the largest residential homes in Dubai.
“Today’s record-breaking villa sale reinforces the fact that we have once again reached the heights of luxury real estate transactions in Dubai. This transaction sets a new benchmark for the prime real estate sector in the region and marks another milestone in Dubai’s real estate history,” said Mr. George Azar, CEO and Chairman of Dubai Sotheby’s International Realty.
“Furthermore, this achievement underscores how Dubai Sotheby’s International Realty consistently sets high standards and exceeds expectations as a premium agency in the region. Our commitment to excellence and our vast network of discerning clientele make us the ideal partner for those looking to sell their homes in Dubai’s competitive real estate market. Our tailored approach, coupled with market insights and global outreach, ensures that each property receives the attention and proper representation it deserves, ultimately leading to remarkable transactions such as this record-breaking villa sale,” Azar added.
According to Bayut, Emirates Hills is considered one of the best luxury villa communities in Dubai with minimum sales prices being AED11 million and the maximum asking price going up over AED100 million.
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