The luxury property sale, which is a record breaker in Emerald Hills, cemented the city’s status as the best investment destination globally. The villa was sold for AED 120 million, marking a new record benchmark for the luxury property market of the region, highlighting profitable potential avenues for high-net-worth (HNW) and ultra-high-net-worth (UHNW) investors.
PC: CEO Today
The sale reflects the exceptional expansion in the luxury real estate business in Dubai, due to growing demand for unique high-end residences among the most discerning global investors. The buyer of the historic transaction recorded a profit of AED 40 million after purchasing the land, designing the villa, managing the construction process, and selling the property off-plan. This represents the significant return opportunity that exists for real estate investment in the ultra-luxurious category in Dubai, mainly in high-end places like Emerald Hills.
Real Estate Boom in Dubai: An Ecosystem Flourishes
Dubai’s booming real estate market is fueled by a combination of global wealth influx and the growing appeal of luxury living. The AED 120 million sale of the Emerald Hills villa highlights the city’s attractiveness as a destination for investors seeking both aesthetic and financial returns.
Located within a villa spanning 25,000 square feet, custom design elements were incorporated with the sale being handled by fäm Properties, the leading real estate firm in Dubai. The partnership of the investor and the real estate agency speaks to the competence that is necessary to penetrate this competitive luxury property market of Dubai. “This transaction serves as a perfect example of a winning investment strategy for prime land acquisition, design and construction of bespoke villas, and off-plan sales for maximum returns,” said fäm Properties.
Emerald Hills: Ultra-Luxury Hotspot for High-Net-Worth Investor
Emerald Hills offers a rare opportunity in the privileged Dubai Hills Estate. Ultra-luxury investments prefer the finest views of the Dubai Hills Golf Course and Downtown Dubai through this highly exclusive development, which brings uniqueness and exclusivity to proximity with key landmarks in the area with the discerning high-end homebuyers.
Firas Al Msaddi, CEO of fäm Properties, presented how comparable investment strategies can be utilized in Emerald Hills. There are also two other plots available with prime locations; one plot is listed at AED 35 million. The construction of similar luxury villas would cost AED 70 million, which could make a similar profit of AED 40 million from the investment, just as the earlier sale did.
Moreover, investment opportunities in half-built villas in Emerald Hills provide a shorter construction period. A half-built villa at AED 40 million would require another AED 30 million to complete, reducing the construction period by 50% while still providing significant returns.
Continued Demand for Custom-Built Villas
The growing demand for custom-built luxury villas, in premium locations such as Dubai Hills Estate, helps keep the real estate in Dubai booming. Emerald Hills is one of the coveted addresses in the city, ensuring seclusion, a scintillating view panorama, and proximity to iconic landmarks.
With limited availability of prime properties and consistent demand, luxury homes in these exclusive communities are bound to maintain a premium value and high prices. The appeal of Dubai as a global hub for luxury living and investment ensures the sustained growth in its real estate sector and its status as a global investment hotspot.
