Record-Breaking Sale
A luxury villa in Emerald Hills sold for a record AED 120 million, reflecting the surge in the real estate market caused by the migration of high- and ultra-high-net-worth individuals to Dubai.
Investment Success Story
The sale resulted in an AED 40 million profit for the investor who purchased the plot, designed the villa, and managed construction, eventually securing an off-plan buyer.
Alternative Investment Opportunity
Firas Al Msaddi, CEO of fäm Properties: “For those looking to speed up the process, another villa in Emerald Hills is already under construction. The purchase price for the plot and partially completed construction is AED 40 million.
“With the remaining costs to complete the villa of AED 30 million, the total investment is also AED70 million. The advantage is that an investor could capture the same AED 40 million profit but with 50% less construction time.“
Current Market Opportunities
A similar land is currently for sale for AED 35 million. With a record sale of AED 120 million and an estimated construction cost of AED 70 million, investors assess the profit margin at AED 40 million.
About Emerald Hills
Emerald Hills is located in the Dubai Hills Estate neighborhood and offers views of the Dubai Hills Golf Course and Downtown Dubai skyline. It meets the rising demand for custom-built luxury villas.
