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UAE-India Business Forum discusses investment opportunities in Sharjah and Mumbai
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Pictures: Inside Dubai's luxury Dh19m villa
Dubai - The property comes with a theatre, two lounges, a large pool and has basement parking for six cars.
The villa has a built-up area of 15,500 square feet and the construction is Vaastu-compliant. The property is close to the Montgomerie Golf Club and its championship course. The property comes with a theatre, two lounges, a large pool and has basement parking for six cars.
Riyaz Merchant, the CEO of Realty Force, the brokerage which clinched the deal, said: "There is still an opportunity for the right deal at the right price in the right location."
He added: "The correct opportunity offers several benefits that include value appreciation, equity build up and rental income. I believe in the saying that don't wait for buy real estate, buy real estate and wait."
Other costly transactions in Dubai in 2017 include Dh102 million for an Omniyat Properties' penthouse on the Palm Jumeirah and an Emirates Hills villa sold for Dh95 million.
The Emirates Living communities accounted for 71 per cent of luxury villa transactions in Dubai in Q3 2017, according to LuxHabitat.
deepthi@khaleejtimes.com
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