Mansion sells for $20.43mln in ‘Beverly Hills of Dubai’

Mansion sells for $20.43mln in ‘Beverly Hills of Dubai’

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UAE - Demand for high-end properties in Dubai continues to remain strong in 2022 as a new villa in Emirates Hills has been sold for Dh75 million, said Luxhabitat Sotheby's, a high-end real estate brokerage company.

The exquisite mansion was sold in 2021 and re-sold in 2022. It has been designed by architect Kobi Karp and is one of the most lavish villas in the emirate with a 30,000 sq ft of built-up area.

From the magnificent chandelier with over 500 hand-blown glass spheres and crystal butterflies designed and executed by ‘Preciosa’ to the 50-year-old Bonsai tree in the atrium, every detail of the mansion was planned and executed by top-notch designers with high-class finishes, handcrafted materials, and custom-made furnishings.

“Emirates Hills is back on the map with record-high prices of the properties due to more demand and limited availability making it true to its nickname as the 'Beverly Hills of Dubai'”, said Leigh Borg, managing director at Luxhabitat Sotheby's International Realty.

The strong beginning for 2022 has been heavily influenced by the soaring demand in the ultra-high-end property segment from high-end buyers honing in on lucrative secondary markets. Over 13 Emirates Hills villas have been sold in 2022 so far, with a total