Dh200 Million Deal Sealed for a 9-Bedroom Mansion in Dubai Hills Estate

Dubai, December 19, 2024 – In another landmark transaction for Dubai’s luxury real estate market, a grand nine-bedroom mansion in Dubai Hills Estate has sold for an impressive Dh200 million. This sale is one of the latest in a string of high-value deals that have highlighted the city’s appeal as a global destination for premium properties.

High-Value Transaction Sets New Benchmark in Dubai’s Luxury Real Estate Market

Dubai’s real estate sector continues to see soaring property values, with luxury homes attracting significant international attention. The Dh200 million mansion was sold by Dubai Sotheby’s International Realty, one of the leading brokerages in the UAE. This latest sale follows just two months after the firm successfully closed a Dh145 million deal in the same prestigious neighborhood. Dubai Sotheby’s represented both the buyer and the seller in this deal, underscoring its expertise in facilitating some of the most valuable property transactions in the city.

Property Features: A Rare Gem in an Exclusive Enclave

The mansion, located in the highly sought-after Dubai Hills Estate, is a spacious, four-storey home with lavish amenities. Spanning over 37,700 square feet of private land, the residence includes expansive living areas, a basement, and a rooftop patio offering stunning views of the surrounding community. The property is equipped with a range of luxury features, including a boomerang-shaped swimming pool, which serves as a striking focal point in the private garden, perfect for relaxation and entertaining.

Inside, the mansion showcases modern architecture combined with luxurious finishes. From grand living spaces to sophisticated interiors, every corner of this residence exudes opulence, catering to the refined tastes of its discerning owners. The attention to detail in both design and construction sets this mansion apart as one of the finest properties in Dubai.

A Symbol of Dubai’s Global Real Estate Appeal

George Azar, Chairman and CEO of Dubai Sotheby’s International Realty, expressed that this transaction is further proof of Dubai’s growing stature in the global luxury property market. “This sale on Hills Grove’s ‘Street of Dreams’ is a testament to Dubai’s global appeal,” Azar commented. The city’s strategic position as a hub for international business, luxury living, and investment has made it an attractive destination for ultra-high-net-worth individuals worldwide.

Hills Grove: An Exclusive Community with Limited Residences

The mansion is located in Hills Grove, one of the two mansion-only communities within Dubai Hills Estate, a master-planned community in the heart of Dubai. Hills Grove is a particularly exclusive enclave, with only 26 grand homes nestled along a serene street surrounded by lakes and a world-class golf course. This limited availability contributes to the desirability of properties in this neighborhood, making it a top choice for wealthy buyers seeking a private, tranquil, and highly prestigious address.

The combination of stunning views, proximity to nature, and proximity to Dubai’s key business districts makes Hills Grove an exceptional place to live. Residents enjoy not only luxury but also privacy, tranquility, and the convenience of living near Dubai’s vibrant urban amenities.

Impressive Growth: The Rise in Property Values in Hills Grove

This record-breaking sale at Dh200 million represents a significant 62.5% increase in price over the initial mansion sale handled by Dubai Sotheby’s International Realty in the same area. Over the last four years, the brokerage has been involved in closing five of the most expensive property transactions in the neighborhood. The increase in property values reflects the growing demand for exclusive, high-end homes in one of Dubai’s most prestigious communities.

Dubai Hills Estate’s reputation as a top-tier location for luxury properties has strengthened with each transaction, with prices continuing to climb as more ultra-wealthy buyers seek to secure their place in this highly coveted neighborhood.

Dubai Sotheby’s International Realty: A Leader in Luxury Property Transactions

Dubai Sotheby’s International Realty has established itself as a key player in the Dubai real estate market, specializing in high-value homes. Their experience, reputation, and global network allow them to represent both buyers and sellers in some of the most significant property deals in the region. The firm’s involvement in multiple multi-million-dirham transactions in Dubai Hills Estate highlights its expertise in managing exclusive properties.

With this latest sale, Dubai Sotheby’s continues to shape Dubai’s luxury real estate market, catering to a select group of buyers looking for world-class homes in one of the most dynamic cities in the world.