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For these are super-exclusive villa clusters in the XXII Carat Villa project from Russian developer to soon be completed on the Western end of the ‘crescent crown’ encircling the Palm Island in Dubai.
The developer from Russia, Forum Group is about to handover first villa units in its most sought-after AED1.3 billion XXII Carat residential villa project in January next year, with the first villas to be delivered as soon as next month ahead of schedule.
This ultra-luxurious complex includes 22 state-of-the-art villas, half of which have already been sold, and the remaining units still available at a price ranging from AED39 million to AED91.7 million.
A lot of time is spent on creating exclusive interior decorations inside of villas, - the developer’s spokesperson noted, - as attention to details is one of the company’s priorities. But construction is progressing at a quickened pace, ahead of schedule and within the budget.
Seven-bedroom XXII Carat villas ranging from 8,000 to 13,000 square feet will be delivered in three different styles — Emerald, Ruby and Sapphire with traditional Mediterranean architectural elements. The development is located in a secluded place of the man-made island, on its Western Crescent, in a closed community on the beach with unlimited views of the Arabian Gulf.
The XXII Carat Villas’ exclusivity can be accessed even through bathroom decoration decisions: some of them have AED 3.6 million bathtubs hand-cut from a 10-ton Amazon amethyst and other semi-precious mineral crystals by Italian company Baldi.
The project is primarily targeted at high net worth individuals (HNWIs) from the GCC countries, as well as Russia, India and Europe.
Dubai Land Department has recorded an increase in Dubai real estate total sales value by 16.8 per cent in the H1 of 2017, which indicates the complete industry recovery from recession. The total value of real estate sold in the emirate during this period reached AED132 billion compared to AED113 billion in H1 last year. And premium luxurious housing is still in high demand, with the most prestigious area of having topped the rating by the number of transactions concluded. It is followed by districts of , and . The transactions total number increased by 25.9 per cent to 35,571 deals from 28,251 deals registered during the same period last year. In terms of the property prices, Palm Jumeirah tops the rating, followed by Business Bay, Burj Khalifa and Dubai Marina.
