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Gulf Sothebys International makes record-breaking deal

July 17, 2017
Sothebys
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In collaboration with long-time partner Bellevue, GCC-based international luxury real estate firm, Gulf Sothebys International Realty has recently completed the largest property transaction ever recorded for an Emirates Hills villa on July 16, 2017.

The transaction amounts to AED100mn and the villa itself will enjoy the utmost luxury and comfort. The property spans across 3,902sqm and houses eight en-suite bedrooms along with entertainment areas and is regarded as one of the most well-built and intricately designed luxury homes in Dubai, a report at the culmination of the deal stated.

The task of selling this gargantuan estate was undertaken with caution and preparedness. A team was set up with members of both firms, and the aim was to locate the right buyer for the house over a period of time. The deal took 18 months to close.

Leigh Williamson, associate at Gulf Sothebys International Realty, says: “We understand the real estate market is cyclical. There are buyers in the market who look for properties of this prominence and as luxury real estate experts, it is our responsibility to advise our clients on when to buy and sell, especially when it comes to properties of this significance. Although buyers are much harder to find due to the nature of these properties and the prices, it’s our job to make it happen. We know exactly who to look for when a property like this comes onto the market.”

 

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