The luxurious enclave aka Emirates Hills boasts a high number of premium properties. Each home competes with one another in luxury. The front side of properties are designed to offer maximum appeal, including palm gardens, water fountains and driveways. It’s constructed to imitate Beverly Hills of California.
The properties are both spacious and lucrative. The range of property sizes is 12,000 to 80,000 square feet and the range of plot sizes is between 19,000 to 50,000 square feet. The Emirates Hills is wrapped around the Address Montgomerie championship golf course which means the residents are blessed with attractive views of lush greenery. If you want to purchase a readymade villa in Dubai, this neighborhood should be on top of your preferences.
The neighborhood of this posh location is situated between the E-311 highway and the coast. It is also called by the name of Sheikh Mohammed Bin Zayed road, which is 5 miles away from the Palm Jumeirah and 4 miles away from Dubai Marina.
It’s northern edge is surrounded by the first Al Khail Street. On the other hand, the Southern edge is surrounded by The Address Montgomerie Golf Club and Corniche second street. Al Tellal Street is located at its western corner and Al Khamila Street creates the Eastern border.
The villas presently available for sale are between the price range of AED 20 million (US $5.4 million) and AED 170 million (US $46.2 million), as revealed by Ms. Bush.
For instance, a 5 bedroom property spread across 22,400 square feet was sold for AED 52 million (US $14.1 million). By far in the year 2018, this was the most expensive house sales transaction reported, as shown by Ms. Bush. Furthermore, she stated that lots of property sales in this community are sold with cost on application and bespoke terms. For instance, Golf Sotheby’s International Realty sold an off-plan property for AED 150 million (US $41 million) as a pocket listing. This means that the house was not advertised and neither did it enter the multiple listing system.
In 2017, a villa extending to 42,000 square feet was sold for AED 100 million (US $15.5 million). This transaction set the bar for this year. This memorable sale was carried out by Ms. Williamson who said that the property was unrivaled in many aspects.
The most famous price point, according to Ms. Bush, is AED 30 million (US $8.1 million). The properties priced between AED 20 million and AED 40 million (US $5.4 million and US $11 million) are a sweet spot, as expressed by Ms. Williamson. She further said “These villas are not always located in the prime locations of the community”. However, they are impressive isolated homes.
The most expensive property in this neighborhood is a palazzo-inspired home with a swimming pool, Engel & Voelkers, a maid’s room, garden, a spa bath and 6 bedrooms. It costs AED 170 million.
Introduced in the market in 2003 through the real estate developer Emaar Properties, this community is a high-planned location including huge building plots for customized villas. As of now, there are 600 palatial isolated villas are available for living which cover a 12km area. There are no semi-detached or apartments. Varying architecture designs can be found since each property was custom-built by the buyers. But Ms. Williamson says “most homes have beautifully landscaped gardens and parking for a number of cars based on the size of the plots.”
The majority of the area is developed and not much land is available now.
What makes it extraordinary
From sophisticated landscapes to huge properties, everything is lavish. If you’re a golfer, you will especially love Emirates Hills since it is right next to Address Montgomerie golf course.
It’s a gated community which is perfect for high-profile individuals who prioritize privacy in a safe place. Abundant perks of nature can be enjoyed through sufficient landscaping. Moreover, there are sculpted lawns, an arrangement of lakes and stunning walkways.
As for the golf course, it offers flowers of vibrant colors and tropical palms. This course serves as a social hub too. The Emirates Hills is close to all the upscale locations in Dubai.
Emirates Hills boasts high maintenance and 24-hour security. It’s in the vicinity of top American schools such as Dubai International Academy. Since the city is consistently attracting the best schools, the residents can find Emirates International School, Emirates Hills nursery and Gems Dubai American Academy and more right outside the neighborhood.
When it comes to eateries, the Monty’s offers international cuisine, Nineteen is a fun renovated restaurant offering a Mediterranean menu, and Links is a family bistro giving a la carte menu. The Address Hotel serves both a fitness center and a spa.
Who lives here
Rich international people flock towards the Emirates Hills as well as local wealthy residents. When the neighborhood was launched as a freehold area, it gained buyers from Europe, Iran and India. It’s buyers belong to different countries. However, a dominant expat Indian community resides here. Ms. Bush said “A high-net-worth expatriate Indian community resides alongside locals, Arab nationals and other nationalities.”
When property prices fall in Dubai, usually young families move in since they can afford houses at the entry level.
Since it boasts impressive security, Emirates Hills gains many high-profile individuals. Numerous wealthy business owners such as the Indian billionaire Sunil Vaswani live here. Former politicians including the former president of Pakistan, Asif Ali Zardari lived here. The deceased Pakistani politician Benazir Bhutto used to reside in Emirates Hills and her few family members still live here.
No matter how negative the market situation got, Emirates Hills never lost its stability. At the start of 2014, prices were lowered but they soon increased. Currently, there are more sellers than buyers. This means that anyone willing to reside here should think of this as a golden opportunity. This gated community is ideal for a person who can afford entry level of AED 18 million.