Ultra-Luxury Dubai Villa Leased for Dh8.5 Million Over Two Years

Monday, 2 December 2024

A 24,000 sq ft ultra-luxury villa in Umm Al Sheif, Dubai, has been rented for Dh8.5 million over two years, reflecting the growing demand for premium homes in the emirate. The fully furnished villa is managed by fäm Living and fäm Lux, serving ultra-high-net-worth clients.

Ultra-luxury villa in Umm Al Sheif leased for Dh8.5 million over two years.
The property spans 24,000 sq ft and sits on a 15,000 sq ft plot.
Managed by fäm Living and fäm Lux, specializing in ultra-high-net-worth clients.
Dubai’s increasing appeal to millionaires and billionaires drives demand for premium, ready-to-move-in homes.
Only a limited supply of ultra-luxury villas in Dubai, with many priced above Dh30 million.
Resale market for high-end properties has seen a 25% growth in transactions, with properties priced above Dh10 million.