The most active investors in the luxury housing market in Dubai are still immigrants from Europe and the CIS, and one of them recently purchased a house in District One for 89.1 million dirhams. It is said to be one of the highest prices ever paid for housing in District One.
The eight-bedroom residence with an area of 32,500 square meters is located near the crystal-clear lagoon. It has a private cinema, an entertainment area and a large «family area», as is customary in Dubai homes these days. The purchase and sale transaction began in March and ended in mid-May.
District One, a Meydan Group complex covering over 1,000 acres along with Dubai Hills, has recently become a popular investment destination, especially for those looking for an alternative to Emirates Hills.
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