Dubai's real estate market has hit a new milestone with the sale of a villa for AED 61.5 million in the Al Wasl District. Developed by Nordic by fam Real Estate Development, this villa is the highest-priced property ever sold in the district. Al Wasl District offers prime freehold villas close to iconic landmarks like the Burj Khalifa. Nordic by fam's villas, priced up to AED 76 million, feature minimalist Scandinavian designs. This sale highlights the growing appeal of luxury properties in Dubai, with Nordic by fam planning further high-quality projects worth AED 1 billion.
Dubai's real estate market has reached a new milestone with the sale of a villa for AED 61.5 million in the Al Wasl District. This record-setting transaction highlights the growing appeal of luxury properties in this prestigious area. The villa, developed by Nordic by fam Real Estate Development, is the highest-priced property ever sold in the district, according to Firas Al Msaddi, CEO of fam Group. He refers to these homes as the "downtown villas of Dubai" due to their prime location near iconic landmarks.
Al Wasl District offers some of the closest freehold villas to major Dubai attractions like the Burj Khalifa, Dubai Mall, and Sheikh Zayed Road. Despite their central location, these villas are available to buyers of all nationalities, a fact that remains unknown to over 95% of Dubai's population. This presents a unique opportunity in the real estate market for both local and international buyers.
Nordic by fam has introduced a series of ultra-luxurious villas, with prices reaching up to AED 76 million. These homes feature minimalist designs that cater to a discerning clientele. Unlike many luxury homes in the area, which typically cost around AED 50 million, Nordic by fam's properties offer exceptional value with their high-quality materials and unique Scandinavian-inspired architecture.
The Al Wasl District community is non-gated but maintains high security through regular patrols and offers low service charges, a notable feature given its prime location. Homeowners have considerable freedom to customize their properties within guidelines set by the local authority, DDA, without needing lengthy approvals or additional fees to the master developer, Dubai Holding's Meraas.
Nordic by fam's approach to minimalist luxury is filling a niche in the market. Their innovative designs use materials like natural wood from Finland and European aluminum glazing, which are proving popular among buyers. The developer plans to continue this trend, with further projects worth AED 1 billion on the horizon, emphasizing minimalist architecture and high-quality construction.
As Dubai continues to draw global attention for its vibrant real estate sector, Nordic by fam is at the forefront of redefining luxury living. Their developments not only create high-end homes but also offer an unparalleled lifestyle in the heart of Dubai. This sale and the ongoing projects signal a robust and dynamic future for Dubai's real estate market.
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