Dubai (Daily Pakistan Online) A luxury mansion in Dubai has been sold for a record 200 million dirhams. The mansion was part of Majid Al Futtaim Development, Majid Al Futtaim Properties and is located on Lanai Island. This is the most expensive sale in Talal Al Ghaf so far. According to Khaleej Times, the gated community in the heart of Dubai has become a highly sought-after location for those seeking a life of luxury.
According to Khaleej Times, Lanai Island has 13 ultra-luxury villas of 150,000 square meters in collaboration with South African architects SAOTA and interior design by designer Kelly Hoppen, and these villas have become a favorite of the ultra-rich.
The AED 20 million transaction was closed by Orange City Properties, indicating strong demand for premium properties in Dubai, where the real estate market is currently at a 12-year high. According to data from the Dubai Land Department, a total of 88,029 transactions worth AED 239.64 billion have been made in Dubai since 2022, almost double the sales value of AED 151.07 billion achieved in 2021.
