Dubai's Emirates Hills sees Dh260m villa deal - third chart-topper this year

Dubai: Dubai’s super-luxury all-villa community Emirates Hills has just recorded its third mega-deal of the year – at Dh260 million. The price per square foot (psf) on the deal would come to Dh18,489, according to data from GCP-Reidin.

This follows the sales of a mansion for Dh425 million, making it the priciest deal ever at the community, and then the Dh367 million sale of a home to the UK-based steel tycoon Lakshmi Mittal.

Since April 2024, there have been a handful of Dh100 million plus deals involving homes at Emirates Hills, with the Dh425 million sale happening at the start of this year. That announcement set up the wider Dubai property market for another bumper year, especially when it comes to the luxury- and super-luxury segment.

Also, there were launches at newer developments such as Palm Jebel Ali, Dubai Islands and those new skyscrapers on and off Sheikh Zayed Road. At the Akala towers, for instance, there was a penthouse deal for Dh125 million recently.  

But Emirates Hills continues to rule the Dubai property charts as one of the most coveted spots for the wealthy to invest and stay. Currently, there are about 8-9 listings for Emirates Hills’ homes, with average prices in the Dh75 million range.

The overall community has about 600 units. In the recent past, the developer Emaar added more area for residential construction within the community creating 20 odd plots – it made perfect sense given the kind of demand that it continues to generate. These have all been bought, according to GCP-Reidin data, at around Dh2,500-Dh3,000 per square foot.

Apart from the homes listed, there could be other Emirates Hills’ properties that are available through the private sales market. Whereby estate agents connect with a handful of potential buyers and then the deal gets signed on. In the super-luxury residential space, this is standard practice.

With the new Dh260 million deal done, it will set the tone for what could be an interesting final four months of 2025. At the half-way mark of the year, Dubai saw record sales of $10 million and over homes.

In this regard, the likes of Emirates Hills, Jumeira Bay island and Palm Jumeirah will continue to pull in the serious money.

Soon, there will also be the limited residential options at Dubai's new Naia Island.