Photo: Supplied
H&H Development, a Dubai-based boutique developer, unveiled the $1 billion (Dh3.67 billion) Eden Hills project on Thursday, targeting high net worth individuals residing or relocating to the emirate. Situated near Dubai Hills Estate on Al Khail Road, the uber-luxury villa project offers prices ranging from Dh17.5 million to Dh97 million, aiming to meet the growing demand for such projects in Dubai.
According to Knight Frank, global real estate consultants, luxury property listings in Dubai saw a decline in the third quarter of 2024 as demand continued to exceed supply. During Q3 2024, 400 transactions were recorded in prime locations, compared to 489 in Q3 2023, indicating a decrease in available homes for sale. However, 92 deals worth $10 million or more were signed in Q3 2024, up 8.2% from the previous quarter.
Comprising 327 villas with five, five plus, and six bedrooms, including 29 customizable plots, the project will be completed in three phases. The first phase, featuring 104 villas, is now on sale in the gated community.
At the core of Eden Hills is the Central Wadi, a lush, natural landscape integrated into the community. "The launch of Eden Hills signifies a major milestone in our mission to create enduring living spaces," said Miltos Bossinis, CEO of H&H Development. "This development embodies the precision and meticulous attention to detail that define H&H Development. We are thrilled to introduce Eden Hills to the market, offering the first 104 villas for sale to homeowners seeking a community that fosters a deep sense of belonging," he added.
Eden Hills provides access to premium dining, high-end retail, leisure destinations, top-tier educational institutions, and on-site healthcare facilities, ensuring convenience and connectivity. Construction commenced in October 2024, with the first phase expected to be completed by Q4 2027.
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