Dubai’s new $1 billion project to meet demand for luxury properties
H&H Development, a Dubai-based boutique developer, has unveiled its latest luxury project, Eden Hills, a $1 billion (Dh3.67 billion) development aimed at high-net-worth individuals seeking exceptional living spaces in the emirate. The project, located near the prestigious Dubai Hills Estate on Al Khail Road, is set to offer an exclusive collection of uber-luxury villas, with prices ranging from Dh17.5 million to Dh97 million. The launch comes at a time when the demand for high-end properties in Dubai continues to rise, outpacing the supply of available listings.
Prime Location and Luxury Living
Eden Hills is positioned in one of Dubai’s most sought-after areas, offering residents proximity to major landmarks and world-class amenities. With a focus on catering to those relocating or residing in the city, the project will feature 327 villas, including five, five-plus, and six-bedroom homes. Of these, 29 plots will be available for customization, allowing buyers to tailor their residences to their specific preferences.
The development will be completed in three phases, with 104 villas available in the first phase, all situated within a secure gated community. Prices for these premium villas begin at Dh17.5 million, reflecting the exclusivity and luxury that Eden Hills promises to offer its residents.
Rising Demand for Luxury Real Estate in Dubai
According to global real estate consultants Knight Frank, demand for luxury properties in Dubai has surged in 2024, while the availability of such listings has decreased. In Q3 2024, only 400 luxury property deals were registered in the city’s prime locations, down from 489 in Q3 2023. However, the number of transactions for properties valued at $10 million or more has increased by 8.2%, with 92 deals signed in Q3 2024, compared to 85 in the previous quarter. This trend highlights the continued demand for ultra-luxury properties in Dubai, with high-net-worth individuals actively seeking premium real estate options.
Eden Hills: A Community Designed for Luxury and Comfort
Eden Hills will feature the Central Wadi at its heart, a lush, natural landscape that seamlessly integrates with the community, providing a serene and peaceful environment. The development has been designed with meticulous attention to detail, ensuring that it offers a sense of belonging and timeless appeal for its future residents.
Miltos Bossinis, CEO of H&H Development, shared his excitement for the project, stating, “The launch of Eden Hills marks a significant milestone in our journey to create exceptional living spaces that will endure the test of time. This development reflects the precision and meticulous attention to detail that have become the hallmarks of H&H Development.“
Premium Amenities and Accessibility
In addition to its luxurious homes, Eden Hills will offer an array of premium amenities to enhance the lifestyle of its residents. The community will have access to fine dining, high-end retail options, leisure destinations, top-tier educational institutions, and on-site healthcare facilities, ensuring that all essential services are within easy reach. The project is designed to cater to the needs of its residents, providing convenience and connectivity to the wider Dubai area.
Project Timeline
Construction of Eden Hills began in October 2024, with the first phase of villas slated for completion by Q4 2027. The development’s phased approach allows for careful planning and attention to detail, ensuring that each villa and community feature meets the highest standards of quality.
Conclusion
Eden Hills represents the future of luxury living in Dubai, offering a blend of sophistication, exclusivity, and convenience. With its prime location, high-end amenities, and meticulously designed villas, the development is set to become one of the most prestigious addresses in the city. H&H Development is committed to delivering a project that will leave a lasting legacy, offering a true sense of community and timeless appeal for generations to come