Dubai’s luxury real estate market has added a new milestone to its record books, with a nine-bedroom mansion in Hills Grove selling for a record AED 200 million. This Hills Grove record surpasses the previous record of AED 145 million, set less than two months ago. Dubai Sotheby’s International Realty represented both the seller and buyer in this landmark deal.
Hills Grove is one of two exclusive mansion areas in Dubai Hills Estate, and features just 26 residences on a single street, surrounded by a golf course and lakes. This combination of exclusivity and rarity has earned it the nickname ‘The Street of Dreams’, making it a highly sought-after destination for the wealthy and ultra-wealthy.
Over the past four years, Dubai Sotheby’s has completed five of the most expensive deals in the neighbourhood, with each one outselling the previous one, with this deal representing a 62.5% increase over the first mansion sale in the area.
The fully furnished mansion sits on a private plot of over 37,700 square feet and spans four floors. Key features include a large private garden and swimming pool, and its location offers views of the golf course, Downtown Dubai skyline and Burj Khalifa. George Azar, Chairman and CEO of Dubai Sotheby’s International Realty, said: “This record-breaking sale on the Avenue of Dreams in Hills Grove is a testament to the global appeal of Dubai and the vision of our strategic teams. By continually setting new benchmarks, we are shaping the ultra-luxury real estate market in Dubai and strengthening our position as a trusted partner for the wealthy and ultra-wealthy. This achievement reflects our commitment to delivering excellence and redefining the standards of luxury living in Dubai.”