Dubai: European buys most expensive luxury property for Dh91 million in Tilal Al Ghaf

Dubai: European buys most expensive luxury property for Dh91 million in Tilal Al Ghaf

A British family purchases a prime mansion for Dh90.1 million in the community

Published: Tue 14 Feb 2023, 6:00 AM

Tilal Al Ghaf has emerged as the new dream destination for foreign investors as two more prime properties were sold at record prices to European buyers, Khaleej Times has learnt.

The mixed-used community in Dubai, which is being developed by Majid Al Futtaim, attracted a British family and a European investor for investment in prime properties at Lanai Island.

The first prime property bought by a British family, who are residents of Dubai and currently live on the iconic Palm Jumeirah. The British buyer spend Dh90.1 million in December 2022 to own the second most expensive on Lanai Island.

“This remarkable Dh90.1 million mansion ($24 million) has an impressive plot size of 25,870sqft and a built-up area of 30,742sqft,” according to the Knight Frank.

The real estate consultancy also sold the most expensive property in Tilal Al Ghaf last month as a European buyer purchased a dream house for Dh91 million on January 26, 2023. It is the most expensive property in the community on record now.

On Friday, Metropolitan Premium Properties disclosed that it closed the biggest single-unit transaction in its history by selling a Dh90