The most expensive Lanai Islands mansion at Tilal Al Ghaf has been sold for a whopping sum of AED90 million, real estate company Knight Frank announced in an emailed statement on Tuesday.
Developed by Majid Al Futtaim, the record sale “re-affirms the fact that ultra-premium, luxury properties remain the most in-demand commodity in the Dubai real estate market amongst local and global buyers, with this particular home being purchased by British buyers,” the statement said.
Lanai Islands, which is scheduled for completion in 2026, will be the first of two private islands at Tilal Al Ghaf.
The property will include seven- and eight-bedroom mansions designed by South African architecture studio SAOTA and interior designer Kelly Hoppen.
The island consists of 13 luxury mansions, of which nine are “shore mansions” and four are “edge mansions”, located on a private island of a 1.2-kilometre crystal lagoon.
“Lanai Islands is undoubtedly going to be one of the most exclusive communities in Dubai and is the first development that has delivered a true turnkey luxury mansion product that benefits from world class architecture and interiors, Knight Franks’ head of prime residential Andrew Cummings Partner said.
Partner added: “It is also another reminder that the prime market in Dubai is now expanding beyond the traditional areas such as Emirates Hills and Palm Jumeirah, with Tilal Al Ghaf set to be one of the most desirable communities in Dubai on completion.”
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