Dubai’s real estate market continues to thrive with a new AED 1 billion development of Scandinavian-style villas launching in Al Wasl. Targeting ultra-wealthy buyers, the project offers 10 villas and mansions, aiming for AED 10 billion in sales next year.

The first two villas sold for AED 61.5 million and AED 70 million. The strong demand from global investors noting that over 6,700 millionaires moved to Dubai in 2024 with 6,500 expected annually through 2026.

The villas feature minimalist, modern designs and offer customization options, catering to affluent buyers seeking sophisticated, functional spaces. The Al Wasl district provides a secure, non-gated community with flexible villa guidelines. Recent off-plan projects along Jumeirah coast have seen record prices reflecting Dubai’s status as a luxury investment hub.