A 9-bedroom mansion in Hills Grove, Dubai Hills Estate, has sold for a record AED200m ($54.5m) setting a new benchmark for luxury real estate in Dubai. The fully furnished villa sits on a 37,700 sq ft plot and features a large garden, a boomerang-shaped pool and a rooftop terrace.

Dubai Sotheby’s International Realty which represented both the buyer and seller, highlighted that the sale reflects Dubai's growing appeal to high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs).

Hills Grove known as the "Street of Dreams" is an exclusive enclave of just 26 homes, further boosting its desirability. This sale marks a 62.5% increase from previous record sales in the area.