Dubai Hills villas priced at Dh30m
Emaar Properties has selected only 70 super rich investors for the first viewing of villas on the new Dubai Hills project, according to a news report.
The investors – chosen from over 10,000 who have applied to buy properties on the luxury project – will be shown detailed plans and pricing structures on December 8, at a secret location in Dubai, Arabian Business said, adding the villas will be priced from Dh30 million upwards.
The project was launched in June as a joint venture between Emaar and Meraas Holding with the companies stating it was an “invitation only” process with applicants asked to fill in a detailed questionnaire, including whether they hold any “executive director” positions, their employment and marital status.
“From these Emaar selected a few thousand initially, and of those, just 70 have been told they will get the first viewing next Sunday,” Arabian Business said.
Only 600 plots are being put up for sale in Dubai Hills, with “small groups” of investors being invited to purchase villas on different dates.
“More than 10,000 people have already registered an interest – Dubai has not seen anything like this before. This will be a new level of luxury in the emirate, but also very exclusive – it’s something a lot of people want to be part of, but Emaar is going to be very selective this time,” the source added.
The project, according to Emaar, is being launched within the first phase of Mohammed Bin Rashid City and will boast “spectacular views over the majestic Dubai skyline and a world-class 18-hole golf course.”
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