At Dh89.1m, 8-bedroom mansion is Dubai District One’s priciest sale in 2022

At Dh89.1m, 8-bedroom mansion is Dubai District One’s priciest sale in 2022

Dubai: Wealthy investors from Europe and the CIS continue to be the most active in Dubai’s luxury residential space, with one of them just completing the purchase of a mansion at District One for Dh89.1 million. This is reportedly among the highest recorded for a home at District One, which is part of the expansive MBR City ‘districts’. The eight-bedroom home has a built-up area of a whopping 32,500 square feet and located close to the crystal lagoon. As is the norm with mansions in Dubai these days, it is fitted out with a private cinema, entertainment zone and a sprawling ‘family lounge’. The sale was effected by Realty Force Real Estate Brokers. The negotiations started in March and concluded by mid-May. "The buyer – who is from the former Soviet Union – had lived in District One for two years as a tenant and loved this location because of the lagoon, the upcoming mall (Meydan One Mall) and the schools,” said Riyaz Merchant, CEO of Realty Force. “That’s what led him to decide to move into his own home in the same community.” The seller is an Australian national. "District One is one of the most prestigious real estate