Luxhabitat Sotheby's Transacts A Super Luxury Mansion in Emirates Hills-Dubai's Billionaire Row

18th March 2022, Dubai, United Arab Emirates - Luxhabitat Sotheby's, Dubai's foremost distributor of luxury real estate, has sold a brand new ultra-luxury home in Emirates Hills for 75 million AED. This comes on the heels of their record-breaking sales results of 750 million AED in 2021.

Leigh Borg, Managing Director of Luxhabitat Sotheby's International Realty, who concluded the deal, said,

"Emirates Hills is back on the map with record high property prices owing to increased demand and restricted supply, living up to its moniker as the 'Beverly Hills of Dubai.'"

Borg has sold and transferred homes totaling AED 257 million and has been the top agent in Emirates Hills for the previous four years in terms of number of sales transactions and value.

The exclusive neighbourhood continues to attract high-net-worth people and foreign purchasers from Germany, Switzerland, France, Russia, Italy, India, and the GCC. International investors see Dubai as a secure and stable economy in which to invest, especially in high-value properties accessible in regions such as Emirates Hills, Palm Jumeirah, Al Barari, and Jumeirah Bay Island.

Leigh Borg himself sold the gorgeous property in 2021 and resold it in 2022. It was developed by renowned architects KOBI KARP and has a built-up size of 30,000 square feet, making it one of the most luxurious villas in Dubai. 

Everything in the mansion, from the chandelier with over 500 hand-blown glass spheres and crystal butterflies designed and executed by 'Preciosa,' to the 50-year-old Bonsai tree, was planned and executed diligently by top designers using high-end finishes, handcrafted materials, and custom-made furnishings. It was definitely worth the price.

"As a result of the strong demand, some sellers have spent much in repairing or, in some instances, entirely destroying and reconstructing houses to match the criteria of the current high net worth purchasers. Once completed, all of these residences will be top transaction assets in the luxury residential sector, as Emirates Hills continues to be Dubai's most opulent and desirable neighbourhood,"

The robust start to 2022 has been mostly driven by increasing demand in the ultra-high-end property category from wealthy purchasers focusing on profitable secondary markets. So far in 2022, over 13 Emirates Hills villas have been sold for a total of AED 458.5 million, with an average transaction price of AED 35.2 million.

More About Sotheby's International Realty's LUXHABITAT

LUXHABITAT is headquartered in Dubai. Sotheby's International Realty is a luxury real estate firm specialising in residential and commercial luxury sales and leasing, luxury property management, institutional investments, and luxury project development in the UAE and internationally. LUXHABITAT Sotheby's International Realty is responsible for marketing and sales throughout the whole GCC area on behalf of the Sotheby's International Realty brand and LUXHABITAT, a design-led real estate marketing and technology firm. Together, we have grown to become the largest and most powerful marketing and sales platform for luxury real estate in Dubai, establishing us as the market's leading luxury real estate brokerage. We are committed to locating the finest properties in prestigious residential areas such as Emirates Hills, Palm Jumeirah, Al Barari, Jumeirah Islands, Jumeirah Golf Estates, Meadows, Lakes, and Arabian Ranches; as well as the finest apartments and penthouses in upscale buildings such as Le Reve, Index Tower, Six Towers, Burj Khalifa, and The Address Hotels.

Visit their award-winning website at luxhabitat.ae for further information.