In March, an Dh280M villa on Palm Jumeirah’s became Dubai’s most expensive property and in May, an Indian entrepreneur purchased a five-bedroom property for Dh102.8M on Emirates Hills’ “Billionaire Row.”
Metropolitan Premium Properties, a full-service real estate agency specialising in luxury properties, is listing Dubai’s newest most expensive villa, the brand new XLV Residence, a stunning seven-bed mansion in Emirates Hills, one of Dubai’s most prestigious gated communities, for Dh225M.
The sale of the XLV residence would make it the second most expensive property in Dubai this year and could inspire other owners of luxury properties to cash in on their assets.
Developed by the Select Group, a leading real estate and property developer, the Golf course facing XLV residence is the epitome of ultra-luxury living. In addition to the exceptional design and finishing of the rooms, the villa features a selection of ultra-luxurious amenities, including a screening room, games room, private wine cellar, lap pool with water features and an outdoor pool with a wet deck overlooking the golf course. The breath-taking property can be viewed here.
According to Nikita Kuznestov, CEO of Metropolitan Premium Properties, “With Dubai luxury villas breaking records, this could be ideal time for property owners to sell their villas given the record-breaking prices and the looming economic crisis. With the current geopolitical uncertainty and rising inflation, Dubai real estate is seen as a good investment for international investors who want to hedge their risk and diversify their assets.”
Metropolitan has seen its European client base increase 20 per cent in Q1 2022 compared to the same period last year. Investors primarily from Germany, UK, Italy and France are all buying ready properties in the luxury segment as soon as they are available.
This year, Metropolitan Premium Properties sold two villas on Jumeirah Bay for Dh156M and in the last three months over Dh200M of apartments and lofts in Bvlgari Resort & Residences. Last year, one of the agency’s largest deals was two penthouses situated in the W Residence, Palm Jumeirah, which were sold for Dh102M to the same buyer.
Owners of luxury properties could view this summer as the ideal time, and perhaps their last chance, to sell their investments at significant premiums as there is still significant demand for high end units in the market.
For more information on the XVL Residence, visit https://xlv.ae
To list your property, visit https://metropolitan.realestate/contact-us/