Metropolitan Premium Properties closes sale of $24.6mn Tilal Al Ghaf villa
Eight-bedroom villa is the biggest single unit transaction in MPP’s history and the most expensive in Tilal Al Ghaf
Metropolitan Premium Properties (MPP) has closed the biggest single unit transaction in its history – a US $24.6mn sale of a prime property in Tilal Al Ghaf. The deal is also said to be the most expensive in the up-and-coming popular destination.
Oybek Shamsiddinov, Sales Manager at MPP closed the deal earlier this month for an Indian family who are regular investors in the Dubai property market. Shamsiddinov stated, “I’ve worked with this family for the past three years and have invested in several communities across Dubai for them. They were looking for a property to use themselves and after convincing them to see the villa on 31 January, they bought it the next day.”
“They really liked the community project, villa layout and the finishing, which is done to an extremely high standard, so the villa represented exceptionally good value. The same villa on Palm Jumeirah would be worth a minimum $68mn,” he added.
The uber-luxury 30,200+ sqft villa will be handed over in Q1 2027; it is being designed by award-winning architectural firm, SAOTA, and its interior design is by Kelly Hoppen.
In late March 2022, Majid Al Futtaim Communities announced the launch of the Elysian Mansions at Tilal Al Ghaf.
Oybek Shamsiddinov, Sales Manager at MPP
The eight-bedroom villa has three floors – basement, ground and first with roof-top access and features three swimming pools, a gym, a reception area, dedicated 24×7 security and a separate guest villa, the statement from MPP noted.
“This is a significant milestone for us, and we are proud to be associated with this deal, especially as we were recently recognised as the number one real estate agency for Tilal Al Ghaf,” remarked Nikita Kuznetsov, CEO of Metropolitan Premium Properties.
“The sale of this prime property is a testament to Tilal Al Ghaf’s appeal and the increasing demand for high-quality Dubai homes from UHNWI. Waterfront properties are extremely popular with investors right now and there are very limited units available further contributing to its growing popularity amongst end users and investors,” he continued.
Lanai Island is one of two private islands at Tilal Al Ghaf, consisting of 13 luxury mansions, of which nine are ‘shore mansions’ and four are ‘edge mansions’, located along a 1.2km crystal lagoon.
In late October 2022, Majid Al Futtaim Properties said it had deployed solar hybrid power at Tilal Al Ghaf.
Nikita Kuznetsov, CEO at MPP
In addition to MPP in Dubai, Metropolitan Group also includes Metropolitan Homes, a one-stop real estate agency providing the full cycle of specialist brokerage services to Dubai’s secondary property market sellers and buyers and Metropolitan Capital Real Estate in Abu Dhabi.
The Group also includes Luxury Immobilien GmbH, a real estate agency in Vienna and Metropolitan Consulting FZE, providing personal and business legal services in the UAE.
In late October 2022, Majid Al Futtaim Communities launched an ultra-luxury concept in Tilal Al Ghaf.
