Majid Al Futtaim Development, part of Majid Al Futtaim Properties, said it has set a new benchmark for luxury real estate in Dubai, with the recent sale of a Lanai Island luxury mansion for US $54.4mn, the highest recorded sale to date at Tilal Al Ghaf. Designed in collaboration with South African architects SAOTA and with interior finishes by interior designer Kelly Hoppen, Lanai Islands offers a limited collection of 13 ultra-luxury villas on a secluded private island, rising from the waters of a 150,000sqm recreational lagoon, stated the developer. These villas have become a favourite among the ultra-high-net-worth-individuals (UHNWIs) segment, an exclusive global community that increased
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