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Source: Property Construction
Published on 10/10/2024

Record-Breaking Sale: AED 130M Saadiyat Island Villa Sold in Abu Dhabi

Luxury real estate in the capital sets new benchmarks

A stunning five-bedroom villa on Saadiyat Island has sold for a record-breaking AED 130 million ($36 million) in a historic deal. Dubai Sotheby’s International Realty announced the sale, marking the most valuable home ever sold in Abu Dhabi. The villa boasts a sleek contemporary design, expansive living spaces, and breathtaking views of the mangroves, setting a new standard for luxury in the UAE capital.

George Azar, Chairman and CEO of Dubai Sotheby’s International Realty, highlighted Abu Dhabi’s rapid transformation, stating, “This sale proves that the capital’s luxury real estate market is on the rise. Saadiyat Island attracts high-net-worth individuals drawn to its unique mix of art, architecture, and culture, backed by a stable economy.”

Prime Real Estate on the Global Stage

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The deal was brokered by Olga Balashova of Dubai Sotheby’s, representing the seller, and Olga Alekseeva from Kenzie RE, representing the buyer. Both expressed excitement over the rising demand for ultra-luxury properties in the UAE. Saadiyat Island, home to landmarks like the Louvre Abu Dhabi and the upcoming Guggenheim Museum, is fast becoming one of the region's most prestigious addresses.

With this record-breaking transaction, Abu Dhabi’s luxury real estate market is proving itself as a global contender, attracting wealth and prestige from around the world.