UAE’s luxury housing market in Dubai has yet another success story this week, selling a nine-bedroom Hills Grove, Dubai Hills Estate mansion for Dh200 million.
This operation goes beyond the 145 million dirhams recorded less than two months ago for the similar operations. Dubai Sotheby’s International Realty successfully closed the deal as both, the buyer’s and the seller’s agent with senior global real estate consultant Renit Shah working for the buyer side.
Hills Grove is actually one of the two select mansion communities in Dubai Hills Estate; the community here at the golf course and at the backdrop of the picturesque lakes, offers only 26 homes on a single street. For this reason, and perhaps due to rationed supply, it is popularly known as ‘Street of Dreams,’ and incredibly desirable real estate among the affluent and superrich. In the last four years the company has sold five of the biggest houses in the neighborhood, each repeat sale bigger than the previous one and this sale achieved was 62.5% bigger than the first mansion sold in the area.
This makes it a large fully furnished house sited on over 3,500 private square meters and it has 4 floors including the rooftop and the ground basement. These are like a large private garden and a boomerang-shaped pool. This strategic location provides scenic views of the golf course, Dubai city center and the tallest building-Dubai’s, Burj Khalifa.
Dubai’s Real Estate Market records Dh60.5 billion in October 2024 with Over 20,000 Transactions Of them more than 11,300 were built rent and sale in Dubai. The city is still a place of attraction of high heritage people from all over the world especially from United Kingdom, east Asia countries and the United States of America.