Downtown Villas of Dubai attracts global investors with $1.9 billion projects

Dubai's Downtown Villas, one of the city's most sought-after residential neighborhoods, is entering a historic phase of development that has attracted investors with an impressive AED 7 billion ($1.9 billion) collection of ultra-luxury villas and mansions, according to real estate experts. Located in the Al Wasl District, this ew community, known as the "Downtown Villas of Dubai," offers a unique opportunity for both end users and investors to purchase opulent freehold homes in the heart of the city.

At the center of this development is the AED 1 billion Nordic by fäm project, a luxurious collection of 17 villas and mansions situated close to Dubai’s Central Business District (CBD) and renowned lifestyle landmarks. Firas Al Msaddi, CEO of fäm Properties, emphasized the exclusivity of this offering, stating, "The supply of freehold villas with immediate proximity to downtown, the CBD, and Jumeirah Beach is essentially exclusive to the Al Wasl district. While Dubai has over 10,000 waterfront luxury villas, there are only 140 new luxury villas available in Al Wasl, offering unmatched accessibility to the heart of the city."

Al Msaddi further highlighted that this area is currently the only one in Dubai where foreign ownership of villas is permitted. "The new phase of development has already attracted significant investment interest, particularly from wealthy Dubai expatriates who understand the value of owning land or a standalone villa in one of the city’s prime locations," he added.

The contemporary luxury villas and mansions in the new Wasl District properties feature elegant, minimalist designs. Prices for these homes, depending on the built-up area, design, finishes, and size of the plot, range from AED 40 million to AED 150 million. The Nordic by fäm development, which offers fully furnished villas with a Scandinavian-inspired aesthetic, exemplifies minimalist luxury, with prices averaging AED 76 million. The most recent villa sale in this collection was AED 61.5 million.

These villas offer exceptional value for money, with an average price of AED 75 million for properties that boast a built-up area of 20,000 square feet. This is significantly larger than the 8,000-square-foot penthouses in City Walk, which sold for AED 35 million. A key advantage of purchasing a villa in this area is that, unlike penthouse buyers, villa owners also own the land.

"The villas feature private cinemas, spas, gyms, and both indoor and outdoor gardens designed for ultimate relaxation and entertainment," said Al Msaddi. High-end finishes include frameless motorized sliding doors, expansive glass panels, and soaring ceilings. Additionally, each villa or mansion can be customized with bespoke design options by Nordic by fäm. Buyers can choose from move-in-ready, fully furnished homes or villas still under construction, with flexible payment plans available.

For those looking to invest in the luxury real estate market in Dubai, Sora Properties stands out as one of the top agencies in the region, offering expert advice and access to the best opportunities in the Downtown Villas of Dubai and beyond.