Crystal Lagoons Project Register Record Sale Price10 February, 2023 / News
The Tilal Al Ghaf project, which Crystal Lagoons is developing in Dubai, has just set a new record price for one of its residential units. The villa, located on the edge of the crystalline lagoon was sold for almost US$ 25 million.
It is an ultra-luxury home located on “Lanai Island“, with eight bedrooms, almost 3,000 square meters and direct access to the lagoon. “Lanai Island is one of two private islands in Tilal Al Ghaf, located along the 1.2-kilometer lagoon with Crystal Lagoons® technology and offering 13 mansions,” said Nikita Kuznetsov, CEO of Metropolitan Premium Properties (MPP).
Since its launch, the Tilal Al Ghaf project has broken several records. In fact, sales of the third phase of the development recorded unprecedented demand, selling 322 homes in just 48 hours, building on the emphatic success of the first and second phases that sold out within seven days.
Tilal Al Ghaf features retail services, a world-renowned college, tree-lined walkways, 18 km of biking and jogging trails and a range of nature-inspired outdoor amenities. However, the main amenity is its white sandy beaches and a 7-hectare crystalline lagoon powered by pioneering Crystal Lagoons® technology, known as the world’s top amenity.
The resort is developed in partnership with one of the Middle East and North Africa’s leading real estate holding companies, Majid Al Futtaim, which operates in 13 countries in the region. The lagoon will be the centerpiece of the 4,000-unit residential development.
Tilal Al Ghaf joins two other record-breaking projects being developed by Crystal Lagoons in Dubai. The main complex is Distric One, in the heart of the city’s downtown area, and it will feature the world’s largest man-made lagoon, covering 40 hectares. The Riviera project, meanwhile, is centered on a 13-hectare turquoise lagoon and will be surrounded by 71 buildings, 16,000 residential units, restaurants and exclusive retail spaces.