28.8 C
Dubai
Friday, November 15, 2024
spot_img

Majid Al Futtaim Announces Record Sales of Lanai Luxury Homes

[ad_1]

Majid Al Futtaim Development, part of Majid Al Futtaim Properties, said it had set a new benchmark for luxury real estate in Dubai, recently selling a luxury mansion on Lanai for 200 million dirhams ($54.4 million). Is by far the highest sales in Tilal Al Ghaf.

Designed in collaboration with award-winning South African architects SAOTA and stylishly furnished by world-renowned interior designer Kelly Hoppen, Lanai offers a limited run of 13 ultra-luxury villas on a secluded private island ranging from crystal clear The sea rises to 150,000 square meters of recreational lagoon, developers say.

It added that the villas have become a favorite of the ultra-high-net-worth individual (UHNWI) segment, a global exclusive community that grew 9 per cent last year.

Orange City Properties recently sold a property on Lanai for Dh200 million, underscoring strong demand for prime real estate in Dubai, where the real estate market is currently at a 12-year high.

The record-breaking lanai offering sits on a large corner lot with expansive landscaped gardens extending to its private waterfront and offers generous living spaces with more than 30,000 square feet of gross floor area (GSA), according to the developer.

The eight-bedroom villa boasts several unique features including a floating lounge platform directly on the water, a sunken roof terrace with unrivaled 360-degree views of the lagoon, and bringing light and lush greenery into the heart of the villa of three-storey courtyard homes, it added.-TradeArabia News Service

[ad_2]

Source link

Related Articles

From Seed to Superfoods The Inspiring Journey of Bharat Budhiraja and Urbana Superfoods

In a world teeming with fast-paced food trends, Bharat Budhiraja is charting a unique path with his brand, Urbana Superfoods, owned by Krish Perennials Pvt....

Innovate Visa Solutions Your Trusted Partner in Global Immigration Services

Innovate Visa Solutions Your Trusted Partner in Global Immigration Services Innovate Visa Solutions has established itself as a leader in immigration services, providing expert support...

Sheikh Mohammed Unveils Bold UAE Investment Strategy: AED 2.2 Trillion FDI Goal to Drive Innovation and Sustainable Growth by 2031

Sheikh Mohammed Unveils Bold UAE Investment Strategy: Aiming for AED 2.2 Trillion in FDI to Power Innovation and Sustainable Growth by 2031 In a significant...

Pioneering AI Innovations with Abis Ali, Co-Founder of Raen AI

Pioneering AI Innovations with Abis Ali, Co-Founder of Raen AI In an era where artificial intelligence is transforming industries worldwide, Raen AI stands out as...

From Vision to Reality How Harshit Aggarwal’s Novamax Industries is Redefining Cooling Solutions

In the fast-evolving world of startups, where passion meets perseverance, Harshit Aggarwal has carved out an impressive path with Novamax Industries LLP. Founded in...

Latest Articles