A luxury villa in Dubai’s Emerald Hills has been sold for a record AED 120 million, reflecting the city’s booming real estate market driven by high-net-worth individuals. The investor who purchased the plot, designed the villa and managed construction made an impressive AED 40 million profit after securing an off-plan buyer.

Emerald Hills, part of Dubai Hills Estate, has become a prime investment area. A similar villa is under construction with a total investment of AED 70 million, including plot and construction costs. The potential profit remains AED 40 million with significantly reduced construction time.