Real estate brand Dubai Sotheby’s International Realty has announced a new record-breaking sale in Abu Dhabi.
The sale involves a five-bedroom villa on Saadiyat Island, valued at AED 130m, making it the most valuable home ever sold in the Emirate.
The villa boasts custom contemporary architectural detailing, expansive interior living spaces, and stunning mangrove views.
“Abu Dhabi is quickly emerging as a world-class destination, and this record-breaking sale is a testament to the incredible potential of the capital’s luxury real estate market.
“The demand for ultra-luxury homes here is growing, fuelled by the city’s ongoing transformation in art, architecture, dining, entertainment and a stable economy.
“With developments like Saadiyat Island, Abu Dhabi is positioning itself as a magnet for wealth and prestige, attracting high-net-worth individuals from across the globe.
“We are excited to be at the forefront of this evolution and look forward to helping our clients capitalise on the immense opportunities in this vibrant market.”
George Azar, Chairman & CEO, Dubai Sotheby’s International Realty
This historic transaction was brokered jointly by Senior Global Property Consultant at Dubai Sotheby’s International Realty, Olga Balashova – who represented the seller – and Broker at Dubai-based boutique prime real estate agency Kenzie RE, Olga Alekseeva, who represented the buyer.
“This transaction is a testament to the unique appeal of Saadiyat Island, which has quickly become one of the most coveted addresses in the UAE.
“Representing the seller of such a remarkable property has been an extraordinary opportunity, and it reflects the confidence that our clients have in our ability to exceed expectations in the super-prime market.”
Olga Balashova, Senior Global Property Consultant, Dubai Sotheby’s International Realty
Abu Dhabi is gaining traction among high-net-worth investors seeking homes in a city that offers both cultural richness and significant development potential.
With world-class landmarks such as the Louvre Abu Dhabi and the upcoming Guggenheim Museum, alongside exclusive residential developments on natural islands such as Saadiyat and Al Maryah, the capital is establishing itself as a key player in the region’s prime property market, attracting an affluent, worldwide clientele.
The deal comes as the Abu Dhabi real estate market recorded a huge 225% surge in FDI during the first half of the year compared to 2023.
The FDI investment came from the United States, United Kingdom, China, Kazakhstan and Russia, amongst other nations.
It appears that the diverse investor base indicates a growing confidence of foreign investors in Abu Dhabi.
