Nordic by Fäm Real Estate Development Company said that it sold a villa in the Al Wasl area in Dubai for an amount of 61.5 million dirhams, which is a new record for the upscale area that has begun to receive luxury real estate. Nordic by Fäm is tapping into the gap in luxury real estate through its innovative “Nordic” initiative.
The developer is preparing to continue this trend through plans to develop ultra-luxury villas worth one billion dirhams, characterized by architecture that emphasizes simplicity, and includes high-quality materials such as natural wood from Finland and European aluminum glass.
Nordic by Fäm is offering a villa for 76 million dirhams as part of a series of ultra-luxury homes designed in a simple and elegant manner that meets the needs of distinguished customers.
Homeowners in Al Wasl enjoy great freedom to modify their properties within the reasonable principles and guidelines set by the Dubai Development Authority, without the need for lengthy approvals or additional fees to the master developer, Meraas, a subsidiary of Dubai Holding.