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A British Family Spends Dh90.1 Million On A Prestigious Property In The Neighborhood.
Tilal Al Ghaf has become the new ideal location for foreign investors. After two additional prime villas were sold to European buyers for record prices. A British family and a European investor invested in premium villas at Lanai Island. As part of the Majid Al Futtaim-developed mixed-use development in Dubai.
A British family resides on the recognizable Palm Jumeirah purchased the first prime piece of real estate. In December 2022, a British bidder paid Dh90.1 million to purchase the second-most expensive property on Lanai Island.
According to Knight Frank, “This extraordinary Dh90.1 million mansion ($24 million) has an exceptional land size of 25,870 sq. ft. and a built-up area of 30,742 sq. ft.”
The real estate consultant also sold the most expensive property in Tilal Al Ghaf last month. When a European bidder paid Dh91 million for a dream home on January 26, 2023. Currently, it is the most expensive property in the neighborhood.
Metropolitan Premium Properties announced on Friday that it has sold a Dh90 million home in this burgeoning tourist area of Dubai. Closing the largest single-unit deal in company history. An Indian family wishing to buy a home for their own use purchased the eight-bedroom estate with more than 30,200 square feet.
Why Spend Money On Lanai Island
Both houses have interiors that were developed by Majid Al Futtaim. They were both designed by SAOTA with decorations by Kelly Hoppen. According to Knight Frank, both buyers decided to customize the interiors to add a large super master with his and her closets, a roomy second master, and six further bedrooms.
For the initial owners’ convenience, an executive office has also been converted from a separate guesthouse. Both houses have a roomy 13-vehicle underground parking garage with a separate car wash facility.
The homes also have a full home spa with a steam room, sauna, beauty salon, and dressing room. The family will be able to use the home theatre and fitness center. The properties also include two swimming pools and an indoor waterfall that cascades from the main pool to the basement.
Two Significant Deals in Six Weeks
Both of the newly sold residences, according to Andrew Cummings, partner and head of Prime Residence at Knight Frank Middle East, have breathtaking views of the pristine lagoon.
The next day, he spent the afternoon on the beach in Atlantis and made calls to the kinds of people. That he believed would make wonderful neighbors. “My client told me to get them good neighbors after the sale of the first villa in December,” he said.
The response was outstanding, and I am thrilled to have sold the adjoining villa just six weeks later. For the highest price ever recorded in the neighborhood. When they are finished, these will without a doubt be the nicest mansions in Dubai. In addition, will make wonderful family homes as well as a wise investment, he said.
Newly Thriving Community
In addition to schools, restaurants, hospitals, and other housing facilities, Tilal Al Ghaf is expected to feature about 350,000 sqm of open space. The project will also have a lagoon that covers 70,000 square meters of water. Moreover, is surrounded by 400 meters of open beachfront known as Hive Beach.
When it comes to building villas in Dubai, according to Cummings, Tilal Al Ghaf is just changing the rules of the game. “There is world-class retail, which comes from having Majid Al Futtaim as the developer. In addition to there being a gorgeous master plan with plenty of lush vegetation and a fantastic crystal lagoon,” he said.
No other mansions in Dubai that compare to them in terms of style. These villas, which can be customized and are of a high caliber, are filling a need in the market for people. Who desire luxury goods with matching finishes, he claimed.
An Exceptional Luxury
When Lanai Island is finished in 2026, it will be the first of two private islands. That Majid Al Futtaim will release in Tilal Al Ghaf. It will feature new seven and eight-bedroom ultra-luxury mansions that were created in association with SAOTA. A renowned South African architecture studio, and Kelly Hoppen, a celebrated interior designer.
According to Cummings, Lanai Islands is the apex of this neighborhood and the island’s homes. A truly excellent creation would not be out of place in London or Los Angeles.
“The choice to offer a product with Kelly Hoppen interior finishing’s contrasts well with typical villa products. Which just show customer white walls. Instead, Lanai pampers the customer by offering a variety of adjustable space alternatives that match the customer’s preferences,” he said.
