At Dh225m, an Emirates Hills home could be Dubai property market’s next big deal

At Dh225m, an Emirates Hills home could be Dubai property market’s next big deal

Dubai: A Dh225 million villa at Emirates Hills now lays claims to be the most valuable listed property in Dubai, even as demand for super-expensive homes in the city remain at fever-pitch. It was just recently that a deal for a Dh280 million villa at the Palm was concluded. The Emirates Hills’ property comes to market as more enquiries are generated from European, including those from Russia. Of late, French nationals too are getting active in this space, market sources say. Emirates Hills has seen its share of super-sized deals and The XLV Residence should have no trouble joining those ranks. The name derives from it being on Plot No. 45. Featuring a built-up area of 50,000 square feet, the unit encompasses seven bedrooms. The developer is Select Group, known more for its deluxe high-rises in Dubai Marina. (Dubai is also seeing some older high-end villas going through makeover programmes to update their look and features, with sellers trying to make full use of the demand - and price gains - they are seeing at the very top end of the residential space.) “There has been an increase in the number of buyers enquiring at over the Dh100 million price