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In a landmark real estate deal, Dubai Sotheby's International Realty has successfully brokered the sale of the third most expensive villa in Dubai this year, commanding an impressive selling price of AED148 million ($40.2 million).
Spanning a 80,000 sq ft area, this extraordinary property is located within the Emirates Hills community known for its luxurious residences and exclusive lifestyle.
The 19-bedroom villa, which has a built-up area of 55,700 sq ft, is being being handled by agents Leigh Borg and Timothy Ogunniyi.
Dubai Sotheby's International Realty said this sale also ranked as the fourth-highest sale ever achieved in Emirates Hills.
On the key achievement, George Azar, CEO and Chairman of Dubai Sotheby's International Realty, said: "Today's record-breaking villa sale reinforces the fact that we have once again reached the heights of luxury real estate transactions in Dubai. This transaction sets a new benchmark for the prime real estate sector in the region and marks another milestone in Dubai’s real estate history."
"Furthermore, this achievement underscores how Dubai Sotheby's International Realty consistently sets high standards and exceeds expectations as a premium agency in the region. Our commitment to excellence and our vast network of discerning clientele make us the ideal partner for those looking to sell their homes in Dubai's competitive real estate market," stated Azar.
"Our tailored approach, coupled with market insights and global outreach, ensures that each property receives the attention and proper representation it deserves, ultimately leading to remarkable transactions such as this record-breaking villa sale," he added.-TradeArabia News Service