Another Dubai villa was sold for over USD 27 million

This is the third property deal of this caliber that was made in Dubai this year.

The Dubai real estate sector continues to stage a strong recovery as another high-end villa was sold for over USD 27 million. This sale reflects investors' trust in the growth of the emirate’s real estate industry.

The luxury real estate agency Luxhabitat Sotheby's announced on Tuesday that it had sold a premium mansion in Dubai Hills Estate. The deal also records as the fastest one for a USD 27 million plus property – the whole process from listing to transaction date took less than a month. This is the third property deal of this caliber that was made in Dubai this year.

'This resale deal is the highest value property sold in Dubai Hills Estate to date and has now been purchased by a discreet, high net worth buyer,' the Dubai-based company said.

This deal is the result of an in-house collaboration between Luxhabitat Sotheby’s managing director Leigh Williamson, who represented the seller, and associate director Honey Deylami, who represented the buyer. Both powerhouse consultants in the luxury property market, Leigh and Honey have been at the forefront of the surge in demand that has started last year.

'When it comes to homes of this caliber, you have to understand the owner’s vision from the very beginning. This frames how they view the home and enables you to recommend the right selling price to reflect the market and their bespoke goals,' Williamson said.

Honey Deylami is well acquainted with the unique offering Dubai has in terms of luxury property.

'We are lucky to handle the sale of some of the world’s most extraordinary properties here in Dubai. Buyers from all over the world recognize the higher standards of design, location and functionality, as well as the enviable benefits Dubai includes, from stability to economic growth, diversity to lower taxes, innovation to a coveted climate,' Deylami pointed out.