Dubai luxury mansion sold for record Dh200 million

Dubai luxury mansion sold for record Dh200 million

Record-breaking sale at Lanai Islands in Tilal Al Ghaf marks new milestone

The Lanai Islands offers a limited collection of 13 ultra-luxury villas on a secluded private island. - Supplied photo

Published: Wed 3 May 2023, 12:24 PM Last updated: Wed 3 May 2023, 12:26 PM

Majid Al Futtaim Development, part of Majid Al Futtaim Properties, has set a new benchmark for luxury real estate in Dubai, with the recent sale of a Lanai Island luxury mansion for Dh200 million, the highest recorded sale to date at Tilal Al Ghaf. The gated community, located in the heart of Dubai, has become a highly sought-after destination for those seeking the ultimate in luxury living.

Designed in collaboration with South African architects SAOTA and with interior finishes by designer Kelly Hoppen, the Lanai Islands offers a limited collection of 13 ultra-luxury villas on a secluded private island rising from a 150,000 square metre recreational lagoon. These villas have become a favourite among the ultra-high-net-worth-individuals (UHNWIs) segment, which has increased by nine per cent last year .

The Dh200 million transaction was closed by Orange City Properties and underscores the strong demand for premium properties in Dubai, where the real estate market is currently at a 12-year record