Dubai Hills Estate plot sells for Dh100 million in record deal
A 41,345-square-foot residential site in Hills View changed hands in the development's priciest single-plot transaction.
A 41,345-square-foot residential plot in Dubai Hills Estate sold for Dh100 million, according to Dubai Land Department. The transaction represents the highest price recorded for a single-use residential land parcel in the development. The plot sits in Hills View, an enclave of 74 mansion sites within the wider master community. The site offers unobstructed views over the development's 18-hole championship golf course.
Transaction details and representation#
The sale is the second in Dubai Hills Estate this year to reach the Dh100 million threshold. Wael Abdul Malak, Partner at Wealth House, represented the seller in the transaction. Kais Khan, Senior Consultant at haus&haus, represented the buyer. Both brokers worked on the deal that closed at the Dh100 million price point for the Hills View plot.
Development background and joint venture structure#
Dubai Hills Estate is developed as a joint venture between Emaar Properties and Meraas. The master-planned community includes an 18-hole championship course, low-density mansion districts, and residential land parcels. The Hills View enclave comprises 74 mansion sites carved from the wider development. The development includes established amenities alongside the championship golf course that borders the residential zones.
Market context and comparable transactions#
The Dh100 million price point has been reached twice in Dubai Hills Estate during the current year, according to the Dubai Land Department data. The transaction reflects continued activity in the villa market for properties with golf-course frontage. Buyers at the upper end of the market have pursued master-planned communities with limited land banks and golf-course access.
Plot specifications and location attributes#
The 41,345-square-foot site sits within the Hills View section of Dubai Hills Estate. The plot provides golf course views and direct access to the development's championship course. The enclave's 74-site allocation limits the supply of comparable land parcels in the community. The Hills View section was carved out of the wider Dubai Hills Estate master community as a separate residential district.
Sources1 source across 1 domain
- gulfnews.comGulf News41,345-square-foot plot sold for Dh100 million, highest single-plot price in Dubai Hills Estate, second Dh100 million transaction this year, 74 mansion sites in Hills View, joint venture between Emaar Properties and Meraas, Wael Abdul Malak represented seller, Kais Khan represented buyer
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