Dubai's new super-luxury residential neighborhoods are getting close to selling homes for 100 million dirhams or more. In early February, an Indian family purchased an eight-bedroom villa on Lantau Island for AED 90.5 million.
According to a representative of Metropolitan Premium Properties (MPP), a luxury mansion with a lagoon will be commissioned in the first quarter of 2027. It was bought directly from the developer – Majid Al Futtaim Properties.
At the end of last year, Majid Al-Futtaim announced two "island" projects in Tilal Al Ghaf, located near the intersection of Sheikh Zayed bin Hamdan Al Nahyan and Hess Streets.
According to market data from DXBinteract, the cost of mansions and land plots in Tilal Al Ghaf averages about AED 20 million ($5.45 million), and some reach AED 44 million ($11.98 million). Thus, the sale of the mansion for AED 90.5 million really raises the bar much higher.
Distance to the sea: 7.5 kmCompletion year: IV quarter, 2025, off-plan The Sanctuary, District 11, Mohammed Bin Rashid City, Dubai, UAE
Business Bay
3200m
Burj Khalifa/Dubai Mall
4000m
Financial Centre
5000m
The Sanctuary in Dubai
The Sanctuary in Dubai, UAE, is an exclusive project by Ellington Properties. The development is located within District 11, in the heart of the upmarket MBR City. Phase 1,... Details
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