A Dubai businessman of Indian nationality has spent $14.4m (AED53m) on a mansion in high-end residential district
Emirates Hills. The 24,000 square foot villa, which overlooks a golf course, is located on a 39,000 square foot plot, which is
equivalent to more than half the size of a football pitch. It was found by the buyer on UAE-based real estate portal
propertyfinder.ae.
“Dubai’s real estate market remains one of the preferred options for the world’s ultra-high net worth individuals and the
leading choice for those from the GCC,” said Lukman Hajje, Propertyfinder Group chief commercial officer.
The deal, closed by PH real estate , reportedly set a record for 2016, according to PH chief executive Myles Bush. In the
same year, the median price of a villa in Emirates Hills was $9.8 (AED36m), making it Dubai’s most expensive
neighborhood.
Culture Village came second with the average villa price in the Creekside locale standing at $6.5m (AED24m), bolstered by
high demand for the Palazzo Versace properties.
Palm Jumeirah homes were advertised for an average price of $735 (AED2,700) per square foot, making it the priciest area
by the. Villas in Emirates Hills, which are bigger and command a higher actual selling price, came in at $731 (AED2,686)
per square foot. Downtown Dubai came third with $671 (AED2,467) per square foot put it third.

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