Dubai: A seven-bedroom villa for Dh18.92 million - this was reportedly the costliest property deal in Dubai during December.
The villa in Emirates Hills has a built-up area of 15,500 square feet. The seller and buyer details have not been revealed.
In what everyone says is a challenging environment, there will still be an “opportunity for the right deal at the right price in the right location”, according to the broker involved in the deal.
“The correct opportunity offers several benefits that include value appreciation, equity build up, rental income and an unmatched sense of achievement,” said Riyaz Merchant, the CEO of Realty Force. “I believe in the saying that don’t wait for buy real estate, buy real estate and wait.”
The property is close to the Montgomerie Golf Club and also features a theatre, two lounges, and basement parking for up to six cars.
There have been quite a few big-ticket transactions all through 2017, with the costliest being the Dh102 million for a penthouse on Omniyat Properties’ under development One Palm.
Emirates Hills too saw Dh50 million and over deals, as did the Bulgari apartments on Jumeirah Bay.