A record sale of a villa for AED 61.5m ($16.7m) in the Al Wasl District has pushed Dubai’s real estate market to new heights.
Developed by Nordic by fäm Real Estate Development, it sets a new standard for the premium development market.
The Al Wasl District community is not a gated development. However, there are regular security patrols offering homeowners peace of mind.
Situated in close proximity to key areas such as Downtown Dubai, Jumeirah and Business Bay, Al Wasl offers a blend of urban convenience and suburban tranquility.
Within the area, owners are able to redesign properties within the reasonable guidelines set by the local authority, DDA.
This negates lengthy approval waiting times or additional cost implications to the master developer, Dubai Holding’s Meraas.
“This sale not only marks the highest price ever fetched in the district, but also highlights the unique appeal of the downtown villas of Dubai.
“This remarkable community offers the closest freehold villas to iconic Dubai landmarks such as the Burj Khalifa, Dubai Mall, Jumeirah, Al Wasl Canal, Sheikh Zayed Road, and DIFC, available to buyers of all nationalities.
“Our Scandinavian-inspired designs, which forgo traditional opulent styles, are proving popular, as evidenced by the initial villa’s record-breaking sale.”
Firas Al Msaddi,CEO, fäm Group
The villa, marketed at AED 76m, is part of a series of ultra-luxurious super prime residences. Similar high-end dwellings are priced around the AED 50m mark.
This ground-breaking sale comes as DAMAC’s Cavalli Tower is set to redefine luxury living. Situated in the vibrant Dubai Marina, adjacent to DAMAC’s Ocean Heights, the 71-storey Cavalli Tower will set a new standard.
Additionally, the upcoming Cavalli Estates, six and seven bedroom luxury mansions nestled in DAMAC Hills, blend Cavalli’s timeless aesthetic with the developer’s commitment to delivering exceptional living spaces.
