Dubai’s Emirates Hills, home to the wealthiest people in the UAE, has registered the biggest villa deals in 2016. ( Image credit: Luxhabitat)

Dubai's Emirates Hills trumps Palm on biggest villa deals in 2016

New data reveals $14m deal topped the chart while buyer pays $1,342.30 per square foot for Palm villa

Dubai’s Emirates Hills, home to the wealthiest people in the UAE, has registered the biggest villa deals in 2016.

Eight of top 10 biggest deals were registered in the upscale community, totalling $86.58 million (AED318m), with Palm Jumeirah following with mere two deals worth $18.51m (AED68m), according to data shared by Reidin.com with Arabian Business.

A $14.43m (AED53m) transaction, registered with the Dubai Land Department in January 2016, tops the list, with the buyer paying $670.06 (AED2,461) per square feet.

The second, third and fourth deals on the list also feature in Emirates Hills, valued at...Read more...

Source: arabianbusiness.com