{"id":9010,"date":"2016-03-22T23:43:00","date_gmt":"2016-03-22T16:43:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-villa-in-area-popular-with-financial-folk-comes-with-dh15m-price-tag\/"},"modified":"2016-03-24T15:49:32","modified_gmt":"2016-03-24T08:49:32","slug":"dubai-villa-in-area-popular-with-financial-folk-comes-with-dh15m-price-tag","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-villa-in-area-popular-with-financial-folk-comes-with-dh15m-price-tag\/","title":{"rendered":"Dubai villa in area popular with financial folk comes with Dh15m price tag"},"content":{"rendered":"


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\nStreet 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 those in the city’s growing finance industry – presumably because they are the only people who can afford them.”In most villas of this sort in Dubai, the houses are spread so that you get big houses next to smaller ones,” says Clementine Malim, senior client manager at property broker Ascot & Co. “But here all of the villas are of equal size and value.”
\nAs Ms Malim rattles off a list of clients, a clear pattern begins to emerge. There’s a Dutchman, an Englishman and an Australian who owns two. All of them have families, all of them work in finance and all are wealthy.Certainly, with its stark white walls, polished marble floors, airy high ceilings and large swimming pool, the five bedroom villa she is currently marketing fits the pattern. Belonging to a Swiss banker and his family who are looking to relocate somewhere with a larger garden, the recently renovated house is on the market for an eye watering Dh14.95 million.
\nFor that you get a 6,124 square foot villa which alongside the 5 en-suite bedrooms also includes separate formal and family living rooms, a dining area, a study with en-suite bathroom, an open-plan family living area and external self-contained maid’s room and two car garage.The Swiss owners have spent the last five years upgrading and extending the original ‘hattan’ style villa and adding things like mature olive trees in the garden, a fancy SieMatic kitchen and LED lighting.
\nOutside, the villa stands in a nearly 8,000 square foot plot which includes a landscaped garden, custom design Belhasa swimming pool with integrated Jacuzzi, and an outdoor BBQ station.”Yes, you could spend this sort of money and buy something in any of Dubai’s golf developments,” Ms Malim agrees. “But this is a much more established neighbourhood right in the middle of the city.”Q&A with Clementine Malim, senior client manager at property broker Ascot & Co.
\nWhat is The Lakes?The Lakes forms part of Emaar’s Emirates Living masterplan of villa communities which stretch between the Sheikh Zayed Road and the E311 in Dubai. As one of the closest to central Dubai, the Lakes is located at the back of Emirates Golf Club just a few minutes drive from Dubai Marina. Traditionally the Lakes is seen as the second best neighbourhood in Emirates Living after the super pricy Emirates Hills.
\nWhy would anyone want to live there?The Lakes is known for being particularly green, which in Dubai is a fairly tough call. It’s a gated community and has facilities including two nurseries, a gym and the Reform Social & Grill restaurant which is popular with expatriates.What is ‘hattan’?The word ‘hattan’ is Arabic for light rain or drizzle – something which presumably sounds much more picturesque in Arabic than it does in English. Confusingly ‘hattan’ is used by Emaar to mean both three specific neighbourhoods in the Lakes – Hattan 1,2 and 3, as well as a style of villa – the big brown boxy Arabian looking ones you can see in developments including Arabian Ranches. More confusingly still, all of the villas in the Hattan neighbourhoods are indeed ‘hattan’ style villas.
\nWhat’s the market like at the moment?Agents say that the Lakes has suffered less than other parts of Dubai due to the recent market downturn due to the fact that it remains high on the hit list for Dubai’s wealthiest. Nonetheless, they say prices have been affected by up to 15 per cent since the market peak.lbarnard@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Dubai villa in area popular with financial folk comes with Dh15m price tag<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Street number two in the Hattan 2 district of the Lakes community in Dubai...<\/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-9010","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\/p75ss1-2lk","jetpack-related-posts":[{"id":217,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hundreds-of-run-down-villas-to-be-demolished-in-dubai\/","url_meta":{"origin":9010,"position":0},"title":"Hundreds of run-down villas to be demolished in Dubai","date":"December 27, 2015","format":false,"excerpt":"\r Empty houses are often used to store drugs or illegal workers, claims Dubai Municipality\r \r Source : arabianbusiness.com\r Read more...Hundreds of run-down villas to be demolished in Dubai","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":9010,"position":1},"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":29807,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-dubai-villas-with-13-bedrooms-between-them-yours-for-dh60m\/","url_meta":{"origin":9010,"position":2},"title":"Two Dubai villas with 13 bedrooms between them – yours for Dh60m","date":"October 13, 2016","format":false,"excerpt":"\r Question: what could possibly be better than owning a huge villa in Dubai? Answer: Owning two huge villas of course.In a peculiarly Dubai twist to the \"buy one get one free\" promotion, this 24,000 square feet property in Dubai's lush Al Barari neighbourhood is being sold with an additional\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7366,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/street-of-dreams-in-dubai-hills-is-ready-for-clients-says-emaar\/","url_meta":{"origin":9010,"position":3},"title":"Street of Dreams in Dubai Hills is ready for clients, says Emaar","date":"March 10, 2016","format":false,"excerpt":"\r \r The first units at the 11 million square metre Dubai Hills project in Mohammed bin Rashid City will be handed over to clients within the next few months. The units due for handover are at the Street of Dreams - some of the biggest villas in the middle\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cracked-sinking-and-abandoned-dubai-villas-to-be-levelled-for-new-housing\/","url_meta":{"origin":9010,"position":4},"title":"Cracked, sinking and abandoned, Dubai villas to be levelled for new housing","date":"April 7, 2017","format":false,"excerpt":"\r DUBAI \/\/ Villas that have stood empty for more than a decade will finally be demolished to make way for new housing.About 56 houses in Jebel Ali will be knocked down, said developer Nakheel, with many having fallen into disrepair since their completion in 2003.Families moved into the properties\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162071,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-awards-46m-dubai-islands-bay-villas-contract-to-al-nasr\/","url_meta":{"origin":9010,"position":5},"title":"Nakheel awards $46m Dubai Islands Bay Villas contract to Al Nasr","date":"October 3, 2025","format":false,"excerpt":"\r Nakheel appoints Al Nasr for $46m Bay Villas infrastructure works at Dubai Islands, part of Dubai 2040 Urban Master Plan The post Nakheel awards $46m Dubai Islands Bay Villas contract to Al Nasr appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/10\/Dubai-Islands-real-estate-Nakheel-Bay-Villas-1000x683-1.jpg?fit=1000%2C683&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9010"}],"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=9010"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9010\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=9010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=9010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=9010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}