Got Dh109m to spare? This Dubai villa is waiting for you
Deepthi Nair/Dubai Khaleej Times
Filed on January 27, 2016 | Last updated on January 27, 2016 at 06.52 pm
The seven-bedroom villa’s internal area spans around 26,000 square feet. Located in Emirates Hills, the villa has parking in the basement for six cars and four on the driveway.
Emirates Hills, the Palm Jumeirah, Jumeirah Islands and Al Barari are the playground of the super-rich in Dubai. It is in these villa enclaves that celebrities, uber wealthy families and rich businessmen splurge their cash on palatial abodes that guarantee secrecy and safety.
Despite all the talk of a slowdown in the wider Dubai real estate market, the ultra-rich segment is relatively immune to the vicissitudes of the industry.
Five of the most expensive villas for sale in Dubai today:
1) Five-bedroom villa in Emirates Hills: Dh185 million
2) Nine-bedroom villa in Emirates Hills: Dh179 million
3) Eight-bedroom villa in Emirates Hills R sector: Dh129.95 million
4) Seven-bedroom villa in Emirates Hills: Dh109 million
5) Six-bedroom Signature Villa on the Palm Jumeirah frond: Dh75 million
This explains why an opulent villa worth a whopping Dh109 million in Emirates Hills, which is currently listed for sale, is generating a healthy number of viewings, according to the agency marketing the property.
The seven-bedroom villa’s internal area spans around 26,000 square feet on a large plot in excess of 30,000 sq ft. Located in one of the most exclusive sectors of Emirates Hills, the villa has parking in the basement for six cars and four on the driveway.
The most striking feature of the villa is its open plan design which facilitates enviable views of the Montgomerie golf course, lake and Dubai Marina skyline.
“Its key features are the internal layout and open plan living with a large vaulted lobby. The contemporary finish, stunning golf and skyline views and rear garden landscaping are other features,” says Ian Kirkby, luxury sales director, LuxHabitat.
All seven bedrooms are en-suite and boast walk-in wardrobes. The master bedroom comes equipped with a safe room, while the master bathroom has a twin bath and rain shower facilities.
The ground floor accommodates a home office, dining room, an informal show kitchen, working kitchen with Miele appliances, a prep room with storage and a large laundry room.
For those of you who want to skip walking up to the first floor, there is an in-house elevator. The first floor features another kitchen and a 12-seat cinema room.
The roof terrace spans 3,000 square feet and permissions are in place to develop a rooftop entertaining space. The basement comprises an entertainment room and a room to host semi-formal events.
Outdoors, there is a large pergola, a sunken bar with a swim-up facility and a jacuzzi.
The villa is currently occupied by the owner. “The sellers are no longer requiring such a large home and relocating. There has been a good level of interest and many viewings with two offers. One is currently being considered very close to the asking price,” informs Kirby.
“The main buyers are Indians and Pakistanis at present, with a few African and Europeans thrown in the mix. Local buyers are also still looking but not committing at present to larger transactions,” he adds.
According to Dana Salbak, research manager, JLL Mena: “There is still some factions of the market that will demand luxury property, although not as much as we saw previously. Purchasing power of investors from countries whose currencies are not pegged to the US dollar has decreased. For instance, the rouble devaluation has hit the purchasing power of Russians.”