Record-Breaking Sale of Luxury Mansion in Dubai for 20 Crore Dirhams

NewsToday: In a recent sale, a luxurious home in Dubai fetched a staggering 200 million dirhams, setting a new record. The property, which Majid Al Futtaim Properties constructed, is situated on Lanai Island and is located within the highly coveted Talal Al Ghaf gated community. This enclave has become a popular destination for those seeking a life of opulence and extravagance, as reported by Khaleej Times. The island boasts 13 ultra-luxury homes spanning a massive 150,000 square meters and designed by SAOTA in partnership with Kelly Hoppen.

These villas have gained immense popularity with the ultra-rich.. Orange City Properties has completed a transaction worth AED 20 million, signifying a robust appetite for high-end properties in Dubai, where the real estate sector is experiencing its strongest growth in 12 years. Dubai Land Department data reveals that since 2022, a whopping 88,029 transactions valued at AED 239.64 billion have taken place, almost twice the sales value of AED 151.07 billion recorded in 2021.