Downtown Villas of Dubai Attracts Global Investors with $1.9 Billion Projects. One of the most desirable residential neighborhoods in Dubai, Al Wasl District, is experiencing an unprecedented building boom. Investors are drawn to this transformation and are captivated by an incredible collection of opulent houses and villas valued at AED 7 billion ($1.9 billion). This emerging community, now known as the “Downtown Villas of Dubai,” offers end users and investors a unique opportunity to own luxurious freehold residences in the heart of the city.

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At the core of this development is the AED 1 billion Nordic by fäm project, featuring an exclusive selection of 17 villas and mansions located near Dubai’s Central Business District and key lifestyle destinations.

“The availability of freehold villas with such close proximity to downtown, the CBD, and Jumeirah Beach is a unique offering exclusive to the Al Wasl District,” explained Firas Al Msaddi, CEO of fäm Properties.

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“While Dubai is home to over 10,000 luxury waterfront villas, only 140 new luxury villas are currently available in Al Wasl, providing unparalleled access to the city’s core within minutes. This district is also unique in that it permits foreign ownership of villas, something not available elsewhere in the area.”

Significant interest has already been shown in the current development phase, especially from wealthy foreigners living in Dubai who understand the importance of owning property or a stand-alone house in one of the city’s most desirable areas.

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With sophisticated yet subtle designs, the new villas and mansions in the Wasl District are built with modern luxury in mind. The built-up space, design, finishing, and site size all affect price, which can range from AED 40 million to AED 150 million.

Nordic by fäm, which offers completely furnished homes and villas with a Scandinavian flavor and an average price tag of AED 76 million, stands out as a shining example of minimalist design. In this complex, the most recent villa sale brought in AED 61.5 million.