The New AED7 Billion Development is transforming one of the prime residential neighbourhoods of Dubai. It features 17 villas and mansions near Dubai’s Central Business District and lifestyle landmarks. This new transformation by fam development is being hailed as the ‘Downtown Villas of Dubai’, offering freehold homes in the city centre.
The supply of freehold villas with immediate proximity to downtown, the CBD and Jumeirah Beach is essentially exclusive to the Al Wasl District,” Firas Al Msaddi, CEO of fäm Properties said.
While Dubai boasts 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 within minutes. Nowhere else in the area currently allows foreign ownership of villas.
Property Prices at Al Wasl District
The new real estate developments in the Wasl District are priced between AED40 million and AED150 million, however it depends upon various factors such as plot size, built-up area, design, and finishes. Nordic by fäm villas average AED76 million, with the most recent sale at AED61.5 million.
The Nordic by fam villas features luxurious private cinemas, spas, gym, indoor and outdoor gardens for optimal entertainment and relaxation. These villas further offer 20,000 square feet of built-up area, compared to recent 8,000 square foot penthouses in City Walk that sold for AED35 million. It offers bespoke design options for each property.
Source: Arabianbusiness
