Record-Breaking Sale: Luxurious Villa in Hills Grove Sold for AED 200 Million
In the prestigious Hills Grove neighborhood, located in Dubai Hills Estate, a unique nine-bedroom villa has been sold for a record-breaking AED 200 million ($54.5 million). This transaction marks the largest in the history of Dubai Sotheby’s International Realty, surpassing the previous record of AED 145 million ($39.5 million) set less than two months ago.
Highlights of the Record-Breaking Sale
The exclusive villa, set on a 37,700 sq. ft. plot, is a masterpiece of luxury and thoughtful design. Spanning four levels, it features a rooftop terrace and a spacious basement. Key highlights include:
- A large private garden.
- A boomerang-shaped swimming pool.
George Azar, Chairman and CEO of Dubai Sotheby’s International Realty, emphasized:
“This record-breaking sale on Hills Grove’s ‘Street of Dreams’ underscores Dubai’s global appeal. We continue to set new benchmarks in the ultra-luxury real estate segment, solidifying our position as a trusted partner for high-net-worth clients. This achievement reflects our commitment to excellence and redefining the standards of luxury living in Dubai.”
Hills Grove: A Haven for the Elite
Hills Grove is an exclusive enclave consisting of only 26 residences situated along a single street, surrounded by golf courses and scenic lakes. Due to its limited availability, the area is often referred to as the “Street of Dreams,” making it highly sought after by high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs).
Renit Shah, Senior Global Property Consultant at Dubai Sotheby’s International Realty, stated:
“Hills Grove and Hills View have established themselves as some of Dubai’s most prestigious neighborhoods. With each phase of this community’s development, its value continues to rise.”
Dubai’s Ultra-Luxury Real Estate Market
The Hills Grove sale is part of a broader trend in Dubai’s booming real estate market, which reached an all-time high in October 2024 with over 20,000 transactions totaling AED 60.5 billion ($16.47 billion).
Conclusion
With limited supply in the premium segment, neighborhoods like Hills Grove continue to capture the attention of affluent buyers from around the world. Each new transaction sets a higher benchmark, solidifying Dubai’s position as a leading global destination for investments in luxury real estate.
