In what has been called an announcement of the thriving luxury property sector in Dubai, the Private Office of Allsopp & Allsopp has just managed to attain another milestone sale at Tilal Al Ghaf, setting a new record for villa sales in the area. More importantly, the sale really reflects the increasing demand for exclusive properties in Dubai and also confirms the competitive element of the emerging residential developments in this Arab emirate.
PC: ArabianBusiness
The Record Sale
Allsopp & Allsopp revealed that it had sold a seven-bedroom off-plan mansion on Lanai Island for AED105 million. This represents a major deal at AED 3,416 per sq. ft—15 percent above the average price of other properties within this category. This deal was managed by Fintan Flannelly, Head of Developer Sales, and Kane Wild, Associate Director at Allsopp & Allsopp, further underpinning the company’s skill in handling high-value property transactions.
Tilal Al Ghaf – A Rising Star in Dubai’s Luxury Market
Tilal Al Ghaf, ever since its development by Majid Al Futtaim, through the branded Tilal Al Ghaf, has quickly become one of the prime residential developments in Dubai. Safeguarding its position to compete with prime locational areas comprising Emirates Hills, Palm Jumeirah, and Mohammed Bin Rashid City, Tilal Al Ghaf fashions itself as high-end in a tranquil setting. The charm in this development comes marinating luxury living with natural living, which is why high-net-worth individuals fall for this ideal concept of comfort.
Strategic Insights from Allsopp & Allsopp
Lewis Allsopp, Chairman of Allsopp & Allsopp, commented on how important this sale was against the backdrop of a maturing luxury market in Dubai. He said consistency seen with results from the Private Office there was no surprise in this continuous hand of exceptional transactions; further impressive sales are still to come as demand for luxury properties continues to rise. This is further underlined by other record-breaking sales at very prestigious locations, such as Al Barari and Jumeirah Islands, which were also concluded by Allsopp & Allsopp.
Lanai Island: A Jewel in Tilal Al Ghaf.
Lanai Island is an ultra-luxurious offering by Saota, the famous South African architect, and interior designer Kelly Hoppen. Elegant and sophisticated architectural design blends with breathtakingly beautiful surroundings at Lanai Island, featuring only a limited number of exclusive estates within a resort-style lagoon environment. The properties on Lanai Island will offer unrivalled comfort and privacy, catering to the most discerning tastes of affluent buyers searching for a prestigious address in Dubai.
The sale of the Lanai Island mansion in Tilal Al Ghaf raises the price record for luxury properties in Dubai and the city’s status as a global hub for high-net-worth individuals in search of exceptional real estate opportunities. With Allsopp & Allsopp currently making headlines with its record-breaking transactions, Dubai’s luxury market remains robust and well-poised for further growth, driven forward by continued demand for exclusive and uniquely designed properties.
In summary, the achievement by Allsopp & Allsopp’s Private Office in Tilal Al Ghaf peers with Dubai’s strive for innovation and excellence in luxury real estate—setting the stage for continuous success within this vibrant city property market.
