Metropolitan Capital Real Estate (MCRE) has unveiled an exclusive listing for the most expensive luxury villa in Abu Dhabi.
Property sales in Abu Dhabi and Dubai surged in the first quarter of this year compared with the same period a year ago as the UAE’s property market continues to rebound strongly from the coronavirus pandemic.
The AED 98 million deal could be one of the highest yet for a villa transaction in Abu Dhabi.
The property, with a 32,000 square feet spread and with seven bedrooms, is located in the luxury ‘Ohana by The Sea’ development, a community in the Ghantoot area situated conveniently between Abu Dhabi and Dubai and to be handed over in Q4-2025.
The mansion will come with private beach access, allowing residents to ‘enjoy a 180-degree unobstructed sea view from the private garden’. There will be three living rooms, two salons, a home office, three private gardens with direct beach access, and a scaled-up terrace.
The interiors will feature customized choices from Elie Saab Maison.
“The listing of the Dh98 million villa is a testament to the strength of the Abu Dhabi real estate market,” said Evgeny Ratskevich, CEO of Metropolitan Capital Real Estate.
It’s also interesting to note that according to DARI, Abu Dhabi’s digital real estate ecosystem, there were a total of 2,047 sales transactions for ready properties in the emirate during the first half of 2023.
According to Property Finder, Abu Dhabi recorded 1,838 off-plan transactions in the second quarter of 2023 as opposed to 947 in the same quarter last year, representing 71.4 percent of the total transactions.
The off-plan sales transaction value in Abu Dhabi for Q2 2023 contributed to 71.9 percent of the total sales transactions value compared to 58.7 percent in Q2 2022 by reaching Dh4.7 billion as compared to Dh2.15 billion.
