A $1 Billion Project to Meet Dubai’s Luxury Property Demand

Thursday, 21 November 2024

H&H Development, a boutique developer based in Dubai, has inaugurated its luxurious $1 billion (Dh3.67 billion) Eden Hills project. This exclusive villa development is designed to cater to the high net-worth individuals moving to or already living in the emirate. Here’s a closer look at what this project has to offer:

• Location: Positioned along Al Khail Road, next to Dubai Hills Estate, Eden Hills promises unparalleled access to one of Dubai’s most prestigious areas.
• Price Range: The project includes villas priced from Dh17.5 million to Dh97 million, catering to the growing demand for ultra-luxury properties in the city.
• Market Need: Dubai’s luxury property market faces a significant shortage, with demand outpacing supply, as reported by Knight Frank. This trend is reflected in:
  • Q3 2024: 400 luxury transactions, down from 489 in Q3 2023.
  • High-End Deals: 92 properties sold for at least $10 million in Q3 2024, marking an 8.2% increase from the previous quarter.

Project Details

• Phase Development: Eden Hills will be completed in three phases, ultimately offering 327 villas with five, five-plus, and six-bedroom options. Additionally, 29 customizable plots will be available for residents seeking a tailored living space.
• Initial Sales: The first 104 villas are now available for sale in the project’s initial phase, offering a blend of luxurious living in a secure, gated community.

Natural Landscape & Design

• Central Wadi: At the heart of Eden Hills lies the Central Wadi, a lush, verdant space that integrates seamlessly into the community, enhancing the natural beauty of the area.
• CEO’s Vision: Miltos Bossinis, CEO of H&H Development, describes the launch of Eden Hills as a significant milestone in their mission to craft exceptional, timeless living spaces. He emphasizes that the project embodies H&H Development’s commitment to precision, attention to detail, and creating spaces that foster a genuine sense of belonging.

Exclusive Amenities

Eden Hills is designed for ultimate convenience and connectivity, offering residents easy access to:

• Upscale dining options
• Premium shopping outlets
• Recreational facilities
• Prestigious educational institutions
• On-site medical services

Construction Timeline

• The first phase of construction, which began in October 2024, is expected to be completed by Q4 2027, with the remaining phases rolling out over the following years.

Eden Hills is set to redefine luxury living in Dubai, offering an exclusive community that blends opulence, comfort, and connectivity.