A villa in Emaar’s Emirates Hills has sold for more than Dh41.19 million earlier this month, it was announced yesterday.
Listed with PH Real Estate Brokers, the luxury villa is over 2,000 square metres and sits atop 3,237 square metres of expertly landscaped property. Purchased by an Indian businessman, the villa’s new owner hails from Morocco.
Myles Bush, CEO of PH Real Estate feels that these kinds of high-end transactions show confidence in Dubai’s real estate market. “Selling villas valued at over US$10 million right now is a wonderful indication of a market on the up!”
Emirates Hills, a luxury gated community developed by Emaar Properties, is a hot spot for Dubai’s most elite residents.
Home to some of the most wealthy individuals in Dubai, Emirates Hills boasts private parks, tranquil walking paths and the world-class 18-hole Montgomerie Championship Golf Course.
