Amali Island referred as "Maldives in Dubai" is almost sold out with 22 of its 24 ultra-luxury villas purchased by ultra-high-net-worth individuals including an international footballer and millionaires from the UK, India and Pakistan.

Located on The World Island, the project reflects strong demand for high-end properties highlighted by a record sale of Dh400 million for three villas including one priced at Dh200 million. Prices for the remaining villas range from Dh50 million to Dh100 million with only one villa each at Dh75 million and Dh50 million still available.

Amira Sajwani, COO of Amali Properties expressed her vision for creating a unique offering in Dubai, emphasizing the diverse nationalities of buyers including a notable increase in British, Indian, Pakistani, Lebanese and Cypriot buyers.

Sajwani sees no signs of a market slowdown stating that Dubai now offers unmatched safety, lifestyle and business opportunities compared to a decade ago. She noted the city's rapidly growing population and the ongoing demand for luxury real estate, suggesting that supply is not keeping pace with this influx.

As Dubai's luxury market continues to develop, Sajwani believes well-established developers will thrive and the mid-tier segment will also experience growth.