Dubai’s Allsopp & Allsopp’s Private Office has set a new record for the most expensive villa sale in Tilal Al Ghaf, the company said in a statement.
The seven-bedroom off-plan Lanai Island mansion sold for AED105 million, achieving AED 3,416 per square foot – 15 percent above the average for similar properties.
Fintan Flannelly, Head of Developer Sales, and Kane Wild, Associate Director at Allsopp & Allsopp, brokered the sale.
Dubai’s luxury property market sees record-breaking sale
Tilal Al Ghaf, Majid Al Futtaim’s first residential development in Dubai, is now competing with established locations like Emirates Hills, Palm Jumeirah, and Mohammed Bin Rashid City in terms of pricing, according to the statement.
“Tilal Al Ghaf is one of the most impressive and popular new luxury developments in Dubai, and we are delighted to have achieved this record-breaking sale. This achievement from our Private Office team highlights our ability to consistently deliver exceptional results for our clients. As Dubai’s luxury market continues to grow in demand, I look forward to more impressive transactions from the Private Office on incredible properties,” Lewis Allsopp, Chairman of Allsopp & Allsopp said.
The Private Office also holds records for the highest-sold property in Al Barari at AED4,485 per square foot and the highest sale in Jumeirah Islands at AED32.5 million.
Lanai Island, designed by South African architect Saota and interior designer Kelly Hoppen, features a limited number of ultra-luxury estates in a resort-style lagoon setting.
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