An eight bedroom villa was purchased in upcoming development, Tilal Al Ghaf for AED90.5 million. The transaction is a record for the most expensive deal in the area.
The agency that closed the deal was Metropolitan Group, the transaction also market the biggest single sale unit in the history of the agency.
The villa was purchased by an Indian family who are supposedly regular investors in the Dubai property market.
“I’ve worked with this family for the past three years and have invested in several communities across Dubai for them. They were looking for a property to use themselves and after convincing them to see the villa on January 31, they bought it the next day,” said Oybek Shamsiddinov, Sales Manager at MPP.
Tilal Al Ghaf community
They really liked the community project, villa layout and the finishing, which is done to an extremely high standard so the villa represented exceptionally good value. The same villa on Palm Jumeirah would be worth a minimum AED250 million,” he added.
The villa features eight bedrooms with 30,200 square feet, the uber-luxury property will be handed over in Q1 2027 and is currently being designed by award-winning architectural firm, SAOTA with interior designs by Kelly Hoppen.
The villa includes amenities including three swimming pools, a reception, dedicated security and a separate guest villa. The property’s eight bedrooms is spaced across three floors and a roof-top access.
Nikita Kuznetsov, CEO of Metropolitan Premium Properties said “The sale of this prime property is a testament to Tilal Al Ghaf’s appeal and the increasing demand for high-quality Dubai homes from UHNWI. Waterfront properties are extremely popular with investors right now and there are very limited units available further contributing to its growing popularity amongst end users and investors.”
Lanai Island is one of two private islands at Tilal Al Ghaf, consisting of 13 luxury mansions, of which nine are ‘shore mansions’ and four are ‘edge mansions’, along a 1.2km lagoon.
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