A collection of Nordic-style ultra-luxury villas and mansions, valued at AED 1 billion, is to enter the Dubai real estate market as ready homes in 2025. Developed by Nordic by fäm Real Estate Development, the properties are designed to attract wealthy international investors and will offer freehold ownership to all nationalities since they are the closest villas to Downtown Dubai.
PC: Arabian Business
Prime Location in Al Wasl District
These luxury residences are located in the prestigious Al Wasl District of Dubai, placing homeowners near the iconic landmarks of Burj Khalifa, Dubai Mall, Jumeirah, Al Wasl Canal, Sheikh Zayed Road, and DIFC. The community is non-gated, yet 24/7 on-site security is provided for added peace of mind.
Scandinavian-Inspired Minimalist Design
The ten villas and mansions, designed with a Scandinavian-inspired aesthetic, introduce a fresh concept of minimalist luxury to Dubai’s property market. According to Firas Al Msaddi, CEO of fäm Group, these homes represent an “unparalleled blend of design and lifestyle in the heart of the city.”
Al Msaddi highlighted the influx of global wealth into Dubai, noting that more than 6,700 millionaires relocated to the city in 2024, with an annual projection of 6,500 ultra-high-net-worth individuals (UHNWIs) through 2026. This consistent growth has reinforced Dubai’s status as a hub for luxury living and investment opportunities.
Major Sales Targets and Customization Opportunities
Following the successful sale of two villas, one for AED 61.5 million and the other for AED 70 million earlier this year, fäm Lux, the Company’s luxury division, aims high with a sales target amounting to AED 10 billion by 2025.
But there is considerable scope for individual homeowners to tailor their real estate, too, subject to guidelines laid down by the Dubai Development Authority. In this process, there won’t be lengthy approvals, nor additional fees to the master developer, Meraas.
Strong Demand in Dubai’s Luxury Market
The luxury property market in Dubai is breaking new records in prices. Off-plan projects along the Jumeirah coastline have been averaging AED 14,000 per square foot in recent deals, while villa plots are in the range of AED 3,000 to AED 8,000 per square foot. Record-breaking sales, such as a penthouse sold for AED 500 million, underline the strong demand for high-end real estate.
“These thoughtfully crafted residences appeal to buyers seeking ultra-minimal designs, clean lines, and modern functionality,” Al Msaddi said. “They address the growing demand for understated yet sophisticated living spaces.”
The delivery and release of the new Nordic by fäm properties are slated for Q2 2025, promising to enhance Dubai’s already booming luxury real estate market.
