Look: Indian entrepreneur buys second most expensive villa in Dubai area

Look: Indian entrepreneur buys second most expensive villa in Dubai area

Dubai: Indian entrepreneur buys second most expensive villa in Emirates Hills

Ultra-prime homes have been in high demand as a large number of high net worth individuals flocked to the Emirate

Published: Tue 17 May 2022, 1:13 PM Last updated: Tue 17 May 2022, 10:04 PM

A villa in Emirates Hills has been sold for a whopping Dh102.8 million, becoming the second highest ever sale in the prestigious community.

The villa, which has a plot of some 38,000 square feet and a built-up area of 20,000 sq ft, was sold by a Maltese businessman to an Indian entrepreneur.

Emirates Hills is one of the city’s most well-established and upmarket neighbourhoods, featuring an array of unique, mansion-esque villas situated on leafy streets surrounding the Montgomerie Golf Club.

The sprawling mansion also backs onto the golf course. The property features floor-to-ceiling windows, five huge bedrooms, a private cinema, a swimming pool and a gym.

Ultra-prime homes in Dubai have been in extremely high demand as a large number of high net worth individuals flocked to the Emirate due to the successful handling of the pandemic by the government.

Of late, high-end areas such as Palm Jumeirah, Emirates Hills, Jumeirah Bay Island, and Downtown have seen prices climb by over 44