At least one billionaire has likely purchased a property in Dubai this week.

• A mansion has reportedly been sold for above AED 230 M in Sobha Hartland 2.

• This is 45 - 50,000 sq. ft. property and transacted at about USD $1,300 per sq. ft.

• This is still not the largest residence in Hartland 2 - that distiniction belongs to Mr. PNC Memon, the owner of Sobha and Oman's richest person.

• He will occupy the palatial mansion you can see in the render above.

Hartland 2

• Hartland 2 is a smaller luxury community currently under-construction with deliveries likely from late 2027.

• The villa component is sold out except for a handful of 6 bedroom villas on the lagoon.

Dubai prime valuations vs centers

• Bloomberg this morning: Dubai prime valuations vs centers. The average $850 psf is data from December 2023 (Savills)

• We published some more recent data above which tracks that market now at $900 - 950 psf.

• Ready, luxury communities like District One & Jumeirah Islands have also seen the highest capital gains of any villa community in Dubai since late 2020 (> 170%).

Pricing in D1 West

• This is one of the reasons D1 West is a core idea for us since its launch. Currently pricing in D1 West on the resale market is closer to USD 600 psf

• Above map compares ready District One, with handing over Phase 3 and West 1.

We have a variety of listings in D1 W - for more information or selling requirements please reach out to us!