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With one of the largest plots facing onto The Address Montgomerie Dubai, this five...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-412","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6E","jetpack-related-posts":[{"id":8332,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-dh40m-villa-with-more-to-offer-than-an-expensive-plot\/","url_meta":{"origin":412,"position":0},"title":"The Dh40m villa with more to offer than an expensive plot","date":"March 17, 2016","format":false,"excerpt":"\r \r If you're a buyer looking to invest up to Dh40 million in an Emirates Hills villa, you'll no doubt do some research into the area. You may even have searched the internet and found a recent article in The National that pointed to a steep decline in values\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58018,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dh31-million-emirates-hills-villa-in-dubai-comes-with-an-aquarium\/","url_meta":{"origin":412,"position":1},"title":"Dh31 million Emirates Hills villa in Dubai comes with an aquarium","date":"June 15, 2017","format":false,"excerpt":"\r The weaker property market that Dubai has experienced over the past couple of years may not have worked in everyone's fav\u00adour. But for those in the market for the most exclusive homes, it does mean there are some very good deals to take advantage of. For instance, this 14,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/double-your-money-dh54m-dubai-villa-comes-with-plot-to-build-another-in-pictures\/","url_meta":{"origin":412,"position":2},"title":"Double your money? Dh54m Dubai villa comes with plot to build another – in pictures","date":"December 24, 2015","format":false,"excerpt":"\r \r The price is not just for the villa, swimming pool, landscaped grounds and views of the Montgomerie Golf Course but also for the neighbouring plot which has the potential to be developed should consent be granted by Emaar.\r \r \r \r \r \r \r \r \r \r Source\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25323,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-announces-inverted-villas-for-akoya-community-in-dubai\/","url_meta":{"origin":412,"position":3},"title":"Damac announces inverted villas for Akoya community in Dubai","date":"September 7, 2016","format":false,"excerpt":"\r The National staffThe Dubai developer Damac is turning its architecture upside-down with a villa concept in its flagship master development Akoya that puts an infinity swimming pool on the first floor.Damac says the \"inverted\" XV Villas plan, announced at Cityscape Dubai 2016, feature living spaces on the first floor\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9010,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-villa-in-area-popular-with-financial-folk-comes-with-dh15m-price-tag\/","url_meta":{"origin":412,"position":4},"title":"Dubai villa in area popular with financial folk comes with Dh15m price tag","date":"March 22, 2016","format":false,"excerpt":"\r \r Street number two in the Hattan 2 district of the Lakes community in Dubai is known informally as the city's Bankers' Row.The quiet cul de sac at the back of the city's Emirates Golf Club contains the sort of creamy brown three-storey villas that seem to appeal to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2191,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dh179m-dubai-villa-set-to-be-emirates-hills-most-expensive-in-pictures\/","url_meta":{"origin":412,"position":5},"title":"Dh179m Dubai villa set to be Emirates Hills’ most expensive – in pictures","date":"January 21, 2016","format":false,"excerpt":"\r \r Dubai is a city known for huge ostentatious villas and, with aspirations as the \u2018Beverly Hills of Dubai\u2019, Emirates Hills is a neighbourhood full of just such palatial abodes.But this 10 bedroom home, which takes up two full-sized villa plots at the prestigious gated community, makes many of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/412"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=412"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/412\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nWith one of the largest plots facing onto The Address Montgomerie Dubai, this five bedroom villa is a golfer\u2019s dream.Set in, arguably, Dubai\u2019s finest freehold development, Emirates Hills, it is on the market for Dh54 million. But the price is not just for the villa, swimming pool, landscaped grounds and views of the golf course but also for the neighbouring plot, which has the potential to be developed subject to approval.
\nThe plots have no dividing wall and, in its current configuration, the \u2018second\u2019 plot is home to the swimming pool and pool house which also doubles as a gym.The total size of the developed plot is 16,100 square feet with an identical size for the adjacent plot giving a total size of 32,200 sq ft. The sale has the potential for merging the two plots together to create a property of overwhelming size and substance or separating the two plots and selling either one independently.
\nWhile there is no written consent for the second plot to be developed, according to Knight Frank, the agent marketing the property, the developer Emaar has stated that any future development will have to include the 700 sq ft pool house, which is currently occupying the space.Built in 2002 as Dubai\u2019s first freehold project, Emirates Hills was sold off as plots rather than completed houses, allowing each buyer to create their own particular style.
\nThe villa itself has a built-up area of 10,000 sq ft and includes five large bedrooms, four reception rooms with views over the garden and onto the Montgomerie golf course. There is also staff accommodation along with a kitchen and utility room. To the front of the property, there is parking for numerous cars as well as a garage. The second plot hosts a 700 sq ft pool house, which also comes with kitchen and bathroom facilities, a large private swimming pool, and landscaped gardens – ideal for entertaining guests and family events. For buyers that are also golf enthusiasts, the garden boundary offers 257ft of frontage to the Montgomerie Golf Course.
\nQ&AGreg Lewis, senior negotiator for Knight Frank, reveals more about the Dh54m villa in Dubai\u2019s Emirates Hills:Is this a good deal or a bad deal?It\u2019s a fantastic deal if you do the math. The price tag means you will be getting a major villa in one of the best developments in Dubai \u2013 that would cost about Dh35 million on its own. Plus there is the opportunity to either redevelop the whole plot, sell the villa you have just bought and develop your own, or keep the villa and sell the land for development, \u2013 whatever the buyer chooses, there is a bonus.
\nCan I not just buy the villa?The US owner will not countenance selling the plots independently and the swimming pool, pool house\/gymnasium and established gardens are an incredible attachment to the villa. Of the 620 villas in Emirates Hills, this has to have one of the largest frontages onto the Montgomerie Golf Course. While Emaar have not officially sanctioned development on the second plot, in conversations with the realtor it stated any development must include the 700 sq ft pool house that has already been built on the plot.
\nBut the real estate market isn\u2019t the best at the moment is it?Super prime property \u2013 such as Emirates Hills \u2013 has actually seen an increase in transactions versus last year. The sector has averaged 18 transactions a month this year against 14 a month last year.But the values are falling?We have seen 2.3 per cent fall this quarter versus the third quarter.ascott@thenational.aeFollow The National\u2019s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Dh54m Dubai villa is a golfer\u2019s dream in Emirates Hills<\/a><\/p>\n