Dubai’s luxury real estate market has reached new heights with the sale of a nine-bedroom mansion in Hills Grove, Dubai Hills Estate, for a record-breaking Dh200 million. This remarkable transaction sets a new benchmark, surpassing the previous record of Dh145 million set just two months ago.
The transaction was facilitated by Dubai Sotheby’s International Realty, with senior global property consultant Renit Shah representing the buyer. This sale highlights the growing demand for ultra-luxury properties in Dubai and showcases the exclusivity of Hills Grove as one of the city's most coveted addresses.
Hills Grove, located in Dubai Hills Estate, is one of two exclusive mansion enclaves in the area. Comprising only 26 residences along a single street, the enclave is surrounded by a golf course and serene lakes, earning it the nickname ‘Street of Dreams.’
The area has become a magnet for High-Net-Worth Individuals (HNWIs) and Ultra-High-Net-Worth Individuals (UHNWIs) due to its exclusivity and limited availability.
Over the past four years, Dubai Sotheby’s International Realty has closed five of the most expensive transactions in Hills Grove, with each sale breaking the previous record. This latest deal marks a 62.5% increase over the brokerage’s first mansion sale in the neighborhood.
The fully furnished mansion sits on a sprawling 37,700+ sq. ft. private plot and spans four levels, including a rooftop terrace and basement. It offers a host of luxurious features:
Private Garden: A beautifully landscaped area for relaxation and gatherings.
Boomerang-Shaped Swimming Pool: A unique design feature that adds to the property’s charm.
Panoramic Views: Overlooking the golf course, Downtown Dubai skyline, and the iconic Burj Khalifa.
George Azar, chairman and CEO of Dubai Sotheby’s International Realty, described the sale as a milestone for Dubai’s real estate market:
“This record-breaking sale on Hills Grove’s ‘Street of Dreams’ showcases Dubai’s global appeal and our strategic vision. By consistently setting new benchmarks, we are redefining the standards of luxury living and solidifying Dubai as a global hub for super-prime real estate.”
Renit Shah, the consultant for the buyer, emphasized the potential of Dubai Hills Estate:
“Hills Grove and Hills View have become synonymous with elite living in Dubai. The value of this young, developing community will only grow as it continues to attract the city’s most affluent residents.”
Dubai’s property market is enjoying unprecedented growth. In October 2024, the city recorded over 20,000 transactions, totaling Dh60.5 billion ($16.47 billion). The demand for high-end properties remains strong, particularly among global investors from the United Kingdom, Eastern Asia, and the United States.
Despite a 50% increase in new home handovers in Q3 2024, the supply of ultra-luxury properties remains tight, ensuring areas like Hills Grove continue to command premium prices.
This record-breaking sale is a testament to Dubai’s standing as a global leader in luxury real estate. With its unique blend of exclusivity, innovative designs, and world-class amenities, Dubai Hills Estate continues to set the standard for elite living, making it a top choice for the world’s wealthiest buyers.
