Real Estate

Dubai Real Estate: Allsopp & Allsopp Breaks Record with AED105 Million Villa Sale

Allsopp & Allsopp’s Private Office has set a new record in the off-plan property segment of Dubai Real Estate through the sale of a seven bedroom mansion in Tilal Al Ghaf for AED 105 million. From the same sale, it can be determined that the price per square meter is AED3,416, which is 15 percent higher than the average price for similar units. It breaks the record of the most expensive villa sale in Tilal Al Ghaf, which is the first residential project in Dubai by Majid Al Futtaim.

Luxury Market Competition

Tilal Al Ghaf has moved to the level of pricing similar to that of other luxury districts in Dubai including Emirates Hills, Palm Jumeriah, and Mohammed Bin Rashid City. It is gradually establishing itself as one of the luxurious brands integrated with superior products costlier than most consumers can afford. “Tilal Al Ghaf is one of the largest and sought after new luxury projects in Dubai” commented Lewis Allsopp, Chairman of Allsopp & Allsopp. He specifically pointed to the record-setting selling price and then increasing confidence for more large transactions.

Record-Setting Achievements

The sale of the mansion in Lanai Island proves the achievement of company focuses on luxury property business such as Allsopp & Allsopp. The team from the Private Office has also found record of selling the property at a rate of AED4,485 per sq ft within Al Barari and the record of the highest sale, which is AED 32. 5m within the Jumeirah Islands.

Exclusive Design

The Hawaii property of Lanai Island is focused on developing the select number of luxury villas created by South African Saota architects and Kell Hoppen interiors. This uniqueness of design coupled with the prime location in Dubai have given it record sales and the right fit for the luxury market.

Victoria Dickinson

Victoria Dickinson is a seasoned journalist at Dubai.News, specializing in real estate and business news. With over a decade of experience in the industry, Victoria has a keen eye for market trends and an in-depth understanding of the economic factors influencing the real estate sector. Based in Dubai, she provides insightful analysis and comprehensive coverage of the region's dynamic property market, from luxury developments to emerging business hubs. Victoria's background in economics and finance, coupled with her passion for storytelling, allows her to deliver news that is both informative and engaging. Her articles not only inform but also help readers make well-informed decisions in the competitive real estate landscape. Outside of her professional work, Victoria enjoys exploring Dubai’s diverse neighborhoods and attending industry events to stay ahead of the latest developments.

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