Emirates Hills in Dubai is back in full bloom, with a Dh102.8 million villa sold, the second biggest deal in that super-luxury all-villa community. Sold by a Maltese businessman to an Indian entrepreneur, the villa has a plot of some 38,000 square feet, typical of the prestigious, exclusive gated community’s property offerings. 

Emirates Hills is one of the city’s most well-established and upmarket neighbourhoods, featuring an array of unique, mansion-esque villas situated on leafy streets surrounding the Montgomerie Golf Club. 

The sprawling mansion sold by Bush has a built-up area of more than 20,000 square feet, and backs onto the golf course. The property features floor-to-ceiling windows, five huge bedrooms, a private cinema, a swimming pool and a gym.

Myles Bush, a founding partner in Phoenix Homes company and one of Dubai’s most lauded and experienced property experts, sealed the deal. He says: “This is another notch in my career progression. I was behind the largest villa sale of 2017, the largest lease ever recorded in 2018, and the largest land sale of 2019. I’ve worked with the seller before, and both parties were wonderful people to deal with. We have no doubt that future business will be done with both parties.

In recent months, Palm, Dubai Hills and Jumeira Bay had been drawing much of the buyer’s attention, along with clusters at MBR City. Emirates Hills, in contrast, had not been seeing too many deal flows, because for the most part sellers were waiting for the right time to list. And clearly, getting Dh100 million-plus counts as the right time.

“This sale underlines the positive growth trajectory we are seeing in local real estate,” said Bush. Phoenix Homes offers an 80 per cent commission model in contrast to the 50:50 split that is the standard practice between agency and agent.