Latest news with #JonathanEmery
IOL News
2 days ago
- Business
- IOL News
Record-breaking Abu Dhabi mansion sale sets new standard in luxury real estate
Living in style on an island has set the new owner of this lavish mega-mansion more than US$100 million. The eight-bedroom mansion is part of Faya Al Saadiyat, a beachfront community located on one of the last remaining villa plots on Saadiyat Island. This makes it one of the most costly residential deals in the emirate, according to Aldar, the master-developer of Saadiyat Island, Gulf News reported. A luxury mansion on the shores of Saadiyat Island in Abu Dhabi has sold for a whopping Dh400 million - that's $108.9 million. restore all settings to the default values Reset restore all settings to the default values Done Beginning of dialog window. Escape will cancel and close the window. Seek to live, currently behind live "Recognised as the crown jewel of Abu Dhabi's luxury real estate, Saadiyat Island continues to attract homebuyers and investors from around the world," said Jonathan Emery, CEO at Aldar Development. "The sale reflects the sustained growth of Abu Dhabi's luxury real estate market." The master-built mansion is located directly on Saadiyat Island's beach and within the Saadiyat Beach Golf Club, and boasts the largest allocation of space on the island, spanning 6,561 square metres. The development company said the sale reflected the growing demand from high-net-worth buyers, long-term residents and international investors. Foreign residents accounted for 86 percent of buyers who were mainly nationals of Russia, France, the UK, China and the US. Instagram comments included wry references to how the mansion was built for the super-rich by poorly-paid migrant labourers, while most were light-hearted. House_of_stan 3h posted: "Seems my bid didn't get accepted", while the green monster of jealousy seemed to surface in joe_familywealth101 3h, who shared: "Imagine the upkeep costs."
Time of India
4 days ago
- Business
- Time of India
UAE capital's most expensive home in history sells in record deal: Here's why it's worth so much
The eight-bedroom beachfront mansion on Saadiyat Island features a private car gallery, golf simulator, cinema, and direct beach access/ Image: Aldar TL;DR Aldar sold an eight-bedroom mansion on Saadiyat Island for $109 million, the most expensive home ever sold in Abu Dhabi. The beachfront mansion spans 6,561 sqm and features a car gallery, golf simulator, cinema, and private beach access. Abu Dhabi's luxury property market is booming, with prices up and demand from global buyers on the rise. The sale reflects strong investor confidence, driven by government policies, long-term visas, and cultural infrastructure. A Landmark Deal in the UAE Capital In a record-breaking transaction that underscores the growing appeal of Abu Dhabi's high-end real estate market, Aldar Properties has sold an ultra-luxury eight-bedroom mansion on Saadiyat Island for AED 400 million ($109 million) — the most expensive residential property ever sold in the UAE capital. Located within the Faya Al Saadiyat development, the mansion is a standout in both scale and sophistication. Spanning 6,561 square metres, the beachfront home includes an extensive list of elite amenities: a private car gallery, golf simulator, cinema, and dedicated wellness and fitness suites. The property offers direct beach access and panoramic views of the surrounding sea and greenery. 'Recognised as the crown jewel of Abu Dhabi's luxury real estate, Saadiyat Island continues to attract homebuyers and investors from around the world,' Said Jonathan Emery, CEO at Aldar Development, highlighting the significance of the sale and the location's growing appeal. Inside the Faya Al Saadiyat Development The mansion is part of Faya Al Saadiyat, an exclusive gated community currently under development. Designed by 1508 London Interior Design Studio and Nordic Office Architects, the community emphasizes minimalist, open-plan living spaces using locally sourced materials. Total homes: 21 Mansions: 2 (eight-bedroom) Villas: 19 (six- and seven-bedroom) Completion expected: 2028 Design focus: Sustainable architecture targeting Estidama 3 Pearl and Fitwel certifications Key sustainability features include energy-efficient systems, water-saving technologies, and a master plan that prioritizes environmental stewardship. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When Knee Pain Hits, Start Eating These Foods, and Feel Your Pain Go Away (It's Genius) Read More Undo The location is strategic, in close proximity to the Saadiyat Cultural District, giving future residents direct access to cultural landmarks like the Louvre Abu Dhabi, the upcoming Guggenheim Museum, and the vibrant Saadiyat Grove retail and dining hub. A Booming Luxury Market Backed by Policy and Demand The record-breaking sale comes amid a surge in Abu Dhabi's luxury real estate market, which has been fuelled by strong investor confidence, strategic policy reforms, and rising global interest. According to property portal Bayut, luxury apartment prices in the capital rose by up to 17% in the first half of 2025, while villa prices increased by 6% to 9% during the same period. 'This sustained momentum reflects the success of Abu Dhabi's long-term vision, enabled by progressive government policies, long-term residency initiatives and strategic investment in infrastructure, culture, and entertainment,' said Jonathan Emery, CEO at Aldar Development. His remarks reflect broader market trends that highlighting the emirate's growing appeal among high-net-worth individuals and international buyers. Aldar's developments on Saadiyat Island, in particular, have been at the centre of this demand. 'Saadiyat Island continues to attract homebuyers and investors from around the world,' Emery added, reinforcing the island's position as the epicentre of ultra-luxury living in Abu Dhabi. Several key indicators reflect this upward trajectory in the capital's high-end property sector: 34.5% year-on-year growth in total real estate transactions in Q1 2025 Property transaction value reached AED 25.3 billion, across 6,896 deals 352 properties currently listed above $1 million — the highest in the UAE Between 2020 and 2025, Abu Dhabi recorded a 202% increase in real estate values These figures point to a maturing, investor-friendly market backed by a stable regulatory framework, robust infrastructure, and a lifestyle offering that continues to draw affluent buyers from across the globe. Global Appeal and Buyer Demographics The record-setting mansion sale follows the AED 137 million purchase of a Nobu Residences penthouse on Saadiyat Island last year, further establishing the island as Abu Dhabi's premier luxury address. In the first half of 2025, Aldar recorded AED 5 billion in sales on Saadiyat Island alone. A striking 86% of buyers were foreign nationals, broken down as: 46% residents of the UAE 40% international non-residents Buyers largely hailed from Russia, France, the UK, China, and the US, reflecting Abu Dhabi's increasing appeal to high-net-worth individuals (HNWIs) worldwide. Analysts point to several key factors: Low taxation High living standards Sovereign wealth stability Access to world-class infrastructure and culture Abu Dhabi's population growth from 2.7 million in 2014 to over 4.1 million in 2024 has further fuelled long-term real estate investment. About Aldar Properties Founded in 2004, Aldar is Abu Dhabi's leading property developer. Publicly listed since 2005, its largest shareholder is Mubadala, the UAE's sovereign wealth fund. In 2013, Aldar merged with Sorouh Real Estate to consolidate its position in the market. The company's wide-ranging portfolio spans: Residential, commercial, and retail development Leisure, education, health infrastructure Golf courses, marinas, hotels, theme parks, and schools Aldar also provides comprehensive property management services for both public and private sector clients. It is especially active on Saadiyat Island, Reem Island, Yas Island, and Al Raha Beach. FAQs: 1. What's special about the $109M mansion? It's an eight-bedroom beachfront estate with ultra-luxury features like a car gallery, cinema, golf simulator, wellness suites, and direct beach access. 2. Where is it located? Inside Aldar's Faya Al Saadiyat development on Saadiyat Island, Abu Dhabi. 3. Why is Abu Dhabi's property market booming? Thanks to rising demand from high-net-worth individuals, low taxes, long-term visas, and strong government investment in infrastructure. Q. Who's buying these properties? Mostly international buyers from countries like Russia, France, the UK, China, and the US — 86% of Saadiyat buyers in 2025 were foreign nationals.
Gulf Business
5 days ago
- Business
- Gulf Business
Abu Dhabi's most expensive home: Aldar sells mansion for Dhs400m
Image: Supplied Property developer Aldar has set a new benchmark for Abu Dhabi's high-end real estate market, announcing the sale of an eight-bedroom beachfront mansion on Saadiyat Island's Faya Al Saadiyat development for Dhs400m ($109m), the highest-ever recorded price for a residential property in the emirate. The deal comes months after Spanning 6,561 square metres and located within the Saadiyat Beach Golf Club, the mansion offers panoramic views of the sea and surrounding greenery. It includes a private car gallery, golf simulator, cinema, wellness and fitness suites, and a beachfront pool. The interiors were designed by UK-based firm 1508 London and Nordic Office Architects, with an emphasis on open-plan living and minimalist design using local materials. 'This record transaction at Faya Al Saadiyat sets a new benchmark for luxury real estate in Abu Dhabi,' said Jonathan Emery, CEO of Aldar Development. 'It underscores the strong demand for ultra-premium beachfront homes and reflects the success of the emirate's long-term urban and investment strategies.' Aldar mansion sale reflects Abu Dhabi's status as a preferred destination The sale also highlights Abu Dhabi's emergence as a preferred destination for international investors, supported by visa reforms, infrastructure investments, and cultural offerings. In H1 2025, Aldar reported Dhs5bn in property sales on Saadiyat Island alone. Expatriates made up 86 per cent of buyers, with 40 per cent purchasing from overseas. Top nationalities included Russians, French, British, Chinese, and Americans. The new owner of the Dhs400m mansion was not disclosed. Ghazi Saeed Al Ateibi, executive director at the Abu Dhabi Real Estate Centre (ADREC), said: 'Abu Dhabi is a world-leading destination for real estate investment, backed by transparent governance and strong regulation. Transactions of this size signal growing confidence in the maturity of the market.' Faya Al Saadiyat, a gated development of 21 homes, is scheduled for completion in 2028. It includes two mansions and 19 six- and seven-bedroom villas. The community is targeting Estidama 3 Pearl and Fitwel certifications, with sustainability features such as energy-efficient systems and water-saving technologies. Located near the Saadiyat Cultural District, residents will have direct access to key cultural institutions including the Louvre Abu Dhabi and the upcoming Guggenheim Museum, as well as new retail and dining hubs like Saadiyat Grove.
Khaleej Times
5 days ago
- Business
- Khaleej Times
Look: Most expensive home in Abu Dhabi sold for Dh400 million
Aldar on Thursday announced the record-breaking sale of an eight-bedroom ultra-luxury mansion in Faya Al Saadiyat — an exclusive beachfront community located on one of the last remaining villa plots on Saadiyat Island — for Dh400 million, making it the most valued home ever sold in Abu Dhabi. The sale reflects the sustained growth of Abu Dhabi's luxury real estate market, driven by strong demand from high-net-worth individuals (HNWIs), long-term residents, and international investors. It follows the Dh137 million sale of Aldar's Nobu Residences Abu Dhabi penthouse on Saadiyat Island. With Abu Dhabi's population surpassing four million, Saadiyat Island has established itself as the most sought-after destination in the emirate. In H1 2025, Aldar recorded Dh5 billion in sales on Saadiyat Island, reflecting exceptional interest from local and international buyers Expatriates accounted for 86 per cent of buyers, including 46 per cent residents and 40 per cent non-residents, with the top nationalities comprising Russia, France, United Kingdom, China and United States. Located directly on Saadiyat Island's beach and within the Saadiyat Beach Golf Club, the Faya Al Saadiyat mansion offers the largest allocation of space on the island, spanning 6,561 square metres. Jonathan Emery, chief executive officer at Aldar Development, said: 'This record transaction at Faya Al Saadiyat sets a new benchmark for luxury real estate in Abu Dhabi and underscores the strong demand for ultra-premium, beachfront homes in the emirate. Recognised as the crown jewel of Abu Dhabi's luxury real estate, Saadiyat Island continues to attract homebuyers and investors from around the world. This sustained momentum reflects the success of Abu Dhabi's long-term vision, enabled by progressive government policies, long-term residency initiatives, and strategic investment in infrastructure, culture, and entertainment.' Ghazi Saeed Al Ateibi, executive director real estate transactions sector at ADREC, said: 'Abu Dhabi is recognised as a world leading destination for global real estate investments, driven by growing trust in a market that is well-regulated, transparent, and investor-friendly. At ADREC, our role is to safeguard this ecosystem by upholding strong governance, regulatory oversight, and seamless processes across the sector. Transactions of this scale reflect the strength of a maturing market and the effectiveness of a regulatory framework we've put in place designed to support and attract responsible, high-value investment.' Behind the striking contemporary façade, the mansion features a host of amenities, including a private car gallery, a golf simulator, an in-house cinema, along with wellness and fitness suites, alongside direct access to one of the UAE's most desirable beaches. Faya Al Saadiyat is designed by 1508 London Interior Design Studio — renowned for crafting the interiors of The OWO Residences by Raffles, part of the iconic transformation of London's historic Old War Office — and Nordic Office Architects, a homegrown design studio known for reshaping regional skylines with globally informed design. The design draws inspiration from Saadiyat Island's natural beauty and distinctive wildlife, combining indigenous materials with minimalist aesthetics and expansive open-plan layouts. The mansion features Italian-made kitchens and wardrobes, bespoke joinery, and state-of-the-art appliances. Outdoors, a private beachfront pool anchors expansive living and recreational areas, framing views of the surrounding golf course and the shores of Saadiyat Beach. Faya Al Saadiyat is an exclusive luxury gated community of 21 super-luxury homes, including two eight-bedroom mansions and 19 six- to seven- bedroom villas, scheduled for completion in 2028. Residents enjoy seamless access to Saadiyat Cultural District, home to world-renowned institutions such as the Louvre Abu Dhabi, teamLab Phenomena, and the upcoming Guggenheim Abu Dhabi, as well as a curated mix of premium hospitality, retail, and dining offerings, including the highly anticipated Saadiyat Grove. The development is targeting the Estidama 3 Pearl rating and Fitwel certification, with sustainability embedded across the masterplan through features that promote energy efficiency, water conservation, reduced carbon emissions, and enhanced resident well-being.
Gulf Today
6 days ago
- Business
- Gulf Today
Ultra-luxurious 8-bedroom mansion on Abu Dhabi's Saadiyat Island sells for Dhs400 million
Aldar announced today the record-breaking sale of an eight-bedroom ultra-luxury mansion in Faya Al Saadiyat—an exclusive beachfront community located on one of the last remaining villa plots on Saadiyat Island—for Dhs 400 million, making it the most valued home ever sold in Abu Dhabi. The sale reflects the sustained growth of Abu Dhabi's luxury real estate market, driven by strong demand from high-net-worth individuals (HNWIs), long-term residents, and international investors. It follows the Dhs 137 million sale of Aldar's Nobu Residences Abu Dhabi penthouse on Saadiyat Island. With Abu Dhabi's population surpassing four million, Saadiyat Island has established itself as the most sought-after destination in the emirate. In H1 2025, Aldar recorded Dhs 5 billion in sales on Saadiyat Island, reflecting exceptional interest from local and international buyers. Expatriates accounted for 86% of buyers, including 46% residents and 40% non-residents, with the top nationalities comprising Russia, France, United Kingdom, China and United States. The mansion as a serene beachfront. Located directly on Saadiyat Island's pristine beach and within the award-winning Saadiyat Beach Golf Club, the Faya Al Saadiyat mansion offers the highest standards of luxury and the largest allocation of space on the island, spanning 6,561 sqm. This signature ultra-luxury residence blends architectural sophistication with complete privacy and uninterrupted 360-degree views of water and greenery. Jonathan Emery, Chief Executive Officer at Aldar Development, said: 'This record transaction at Faya Al Saadiyat sets a new benchmark for luxury real estate in Abu Dhabi and underscores the strong demand for ultra-premium, beachfront homes in the emirate. Recognised as the crown jewel of Abu Dhabi's luxury real estate, Saadiyat Island continues to attract homebuyers and investors from around the world. This sustained momentum reflects the success of Abu Dhabi's long-term vision, enabled by progressive government policies, long-term residency initiatives, and strategic investment in infrastructure, culture, and entertainment.' Ghazi Saeed Al Ateibi, Executive Director Real Estate Transactions Sector at ADREC, said: 'Abu Dhabi is recognized as a world leading destination for global real estate investments, driven by growing trust in a market that is well-regulated, transparent, and investor-friendly. A road leads to Faya Al Saadiyat. At ADREC, our role is to safeguard this ecosystem by upholding strong governance, regulatory oversight, and seamless processes across the sector. Transactions of this scale reflect the strength of a maturing market and the effectiveness of a regulatory framework we've put in place designed to support and attract responsible, high-value investment.' Behind the striking contemporary façade, the mansion redefines bespoke living with a collection of world-class amenities, including a private car gallery, a golf simulator, an in-house cinema, and sophisticated wellness and fitness suites, alongside direct access to one of the UAE's most desirable beaches. Faya Al Saadiyat is thoughtfully designed by the globally acclaimed 1508 London Interior Design Studio—renowned for crafting the interiors of The OWO Residences by Raffles, part of the iconic transformation of London's historic Old War Office—and Nordic Office Architects, a homegrown design studio known for reshaping regional skylines with globally informed design. An aerial view of the Faya Al Saadiyat. The design draws inspiration from Saadiyat Island's natural beauty and distinctive wildlife, combining indigenous materials with minimalist aesthetics and expansive open-plan layouts. This architectural masterpiece features Italian-made kitchens and wardrobes, bespoke joinery, and state-of-the-art appliances. Outdoors, a private beachfront pool anchors expansive living and recreational areas, framing serene views of the surrounding golf course and the pristine shores of Saadiyat Beach. Faya Al Saadiyat is an exclusive luxury gated community of 21 super-luxury homes, including two eight-bedroom mansions and 19 six- to seven- bedroom villas, scheduled for completion in 2028. Residents enjoy seamless access to Saadiyat Cultural District, home to world-renowned institutions such as the Louvre Abu Dhabi, teamLab Phenomena, and the upcoming Guggenheim Abu Dhabi, as well as a curated mix of premium hospitality, retail, and dining offerings, including the highly anticipated Saadiyat Grove. The development is targeting the Estidama 3 Pearl rating and Fitwel certification, with sustainability embedded across the masterplan through features that promote energy efficiency, water conservation, reduced carbon emissions, and enhanced resident well-being.
