A lavish luxury mansion that changed hands on Tuesday is the latest example of a recent influx of high-priced property in Dubai.

The Zen-style house at the Dubai Hills estate, known as the Tree of Life villa for the sculptural trunks and branches installed around the house, sold for just over AED100 million (27, $ 2 million).

This is the third transaction in the emirate this year to exceed the nine-digit threshold, said brokerage firm Luxhabitat Sotheby’s International Realty, which handled the sale. The company did not provide an exact sale price and Mansion Global could not confirm the figure in Dubai land records.

The deal also marks one of the fastest sales of a property worth over AED100 million in Dubai, going from listing to transaction in less than a month, the brokerage said. .

Activity in Dubai’s luxury home market is booming this year, with July being the strongest month on record.

There have been 117 sales of prime properties, defined as those priced at AED10million or more, last month, including an AED121million property on the island of Jumeirah Bay that owns now the record for the most expensive house traded in Dubai, reported Mansion Global.

“When it comes to homes of this caliber, you need to understand the owner’s vision from the start,” Leigh Williamson, Managing Director of Luxhabitat Sotheby’s International Realty, said in a statement. “It frames the way they see the house and allows you to recommend the right selling price to reflect the market and their tailored goals. “

Spanning over 31,000 square feet, the minimalist spread uses natural and organic materials and textures, and has high ceilings, exposed wood, and bright interiors.

Boasting seven bedrooms, the house is also fitted with a grand staircase paired with a light installation consisting of handcrafted crystal glass sheets, glass skylights and four-meter-high glazed folding doors to combine interior living. and exterior.

The basement of the house offers entertainment and relaxation areas including a gym, massage room, bespoke wine cellar and whiskey bar and entertainment area with a copper bar, a wooden wall and a custom wood slab table. In addition, there is a swimming pool and well-kept gardens.

Mansion Global could not determine the parties involved in the sale.