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Sneak peek into Dubai villa sold for Dh102.8m in Emirates Hills

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Dubai: Phoenix Homes has brokered a deal for a villa in the Emirates Hills community for a price of Dh102.8 million – the highest value deal in the community this year. It is also the second highest ever sale value for the area.

Myles Bush, a founding partner in the company and an experienced property expert, sealed the deal between the seller from Malta and the buyer, an Indian.

The villa is on a plot of some 38,000 square feet, typical of the prestigious, exclusive gated community’s property
offerings. Emirates Hills is one of the city’s most well-established and upmarket neighbourhoods, featuring an array of unique, mansion-esque villas situated on leafy streets surrounding the Montgomerie Golf Club.

The sprawling mansion has a built-up area of more than 20,000 square feet, and backs onto the golf course. The property features floor-to-ceiling windows, five huge bedrooms, a private cinema, a swimming pool and a gym.

“This sale underlines the positive growth trajectory we are seeing in local real estate – and also serves to cement Phoenix Homes’ reputation as one of the top agencies in the city’s vibrant luxury segment.”

It also helped that Bush has a track record for big deals in the community as well as familiarity with the seller. “This is another notch in my career progression. I was behind the largest villa sale of 2017, the largest lease ever recorded in 2018, and the largest land sale of 2019. I’ve worked with the seller before, and both parties were wonderful people to deal with. We have no doubt that future business will be done with both parties.”

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Myles and the team have another reason to celebrate as the sale was concluded on the company’s first anniversary. Phoenix Homes claims to give its team of 18 experienced brokers complete freedom to work how and where they like, with an 80% commission model.

This extraordinary model goes against the regional norm – splitting commission 50/50 between the agent and the agency. Myles will receive a hefty 7-figure commission for his latest sale deal. And while some US models charge brokers for desks and marketing, Phoenix offers workspace for those who want it, and leaves each broker to decide if they want to contribute to marketing of their property portfolio.

Operating from a 3,000 square feet office in Barsha Heights with an admin team, the company carries clout in the local markets – underlined by this record-breaking deal.

Brokers joining the agency can choose to spend some of their commission on promoting their portfolio on Phoenix Homes’ channels if they wish. They can also promote their properties via whichever methods they know work best for them, without paying money into the firm.

Phoenix Homes offers sales and lettings of both residential and commercial properties in Dubai and Abu Dhabi, and plans to swiftly open a UK office to assist in international property negotiations.

Journalist for 25 years with leading publications in India and UAE such as The National, Mumbai Mirror, DNA, Indian Express and former Sports Editor of eIndia.com. Now managing editor of Headline.ae, part of MEMc (https://www.memc.co)

Announcements

UAE visa amnesty officially concludes on October 31

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The Federal Authority for Identity and Citizenship has declared on Monday (October 7) that the UAE visa amnesty program will officially conclude on October 31 with no possibility for extension. According to the ICP, deportations are planned, and stricter measures will include placing violators on the no-entry list.

With three weeks to go before the amnesty program ends on November 1, thorough inspection campaigns will be held in areas and companies where violators are found. These campaigns will persist in apprehending violators and enforcing penalties, including fines or deportation, while adding them to the list of individuals barred from future entry into the country.

Authorities are tracking the locations of violators and will impose fines and deport them, barring future entry into the UAE until fines are paid. They advised anyone with exit permits to leave prior to the deadline, as there are still some who have not left. In September, Dubai’s General Directorate of Residency and Foreigners Affairs reported that it regularised the status of nearly 20,000 individuals, issuing 7,401 exit permits to violators seeking to return to their home countries during the amnesty program.

The final tally of individuals who have adjusted their status during the amnesty program will be revealed upon its completion. Airlines have assisted many with special circumstances, offering ticket discounts or even complimentary tickets.

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Zim Afro T10 Season 3 Window Announced; T Ten Global grateful for Zimbabwe President’s support

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Following the tremendous success of the second edition of the Zim Afro T10, T Ten Global has officially announced the window for an exciting third season. The tournament will take place in the window between 15 September and 30 September in 2025, continuing its momentum as one of the most exciting events on the cricketing calendar.

The second season this year highlighted Zimbabwe’s growing stature as a prominent cricketing hub in the African continent. The festival-like atmosphere in Harare witnessed the finest cricketers comes together to lit up the league. The tournament, which saw the Jo’Burg Bangla Tigers, led by Sikandar Raza, lift the coveted trophy, was a spectacular showcase of thrilling cricket.

At the heart of this success has been the unwavering support of the Zimbabwean Government, led by President of Republic of Zimbabwe His Excellency, Dr Emmerson Dambudzo Mnangagwa. His presence at the grand finale underscored his deep-rooted passion for cricket and sports in general, while his continued backing has been instrumental in the rapid rise of the Zim Afro T10 on the global cricket calendar.

President Mnangagwa’s vision for Zimbabwe has included cricket as a key cultural and sporting pillar. His Excellency’s personal engagement in the tournament has invigorated Zimbabwe’s young talent, furthering the sport’s growth and development across the nation.

Nawab Shaji Ul Mulk, Founder and Chairman of T Ten Global Sports, expressed his deep appreciation for the government’s support, stating, “We are immensely grateful to His Excellency President Mnangagwa and his government for their unwavering backing. The Zim Afro T10 has thrived under their leadership, and we are excited about the future. The President’s encouraging words inspire us to keep elevating the tournament, cementing its place as a cornerstone of Zimbabwean cricket.”

He added, “We are committed to returning for the third season next September, determined to contribute to Zimbabwe’s cricketing success by showcasing their talent to the global stage. Our partnership with Zimbabwe Cricket will continue to grow stronger, as we move forward together, hand in hand, shoulder to shoulder.”

The government’s commitment, led by President Mnangagwa, extends far beyond the logistical support for the tournament. It has fostered unity among the people of Zimbabwe, as they rally behind their country’s newest cricketing chapter. The tournament has become a testament to Zimbabwe’s ability to host world-class events, driving collaborations between the government, private sector, and international investors in the sporting world.

His Excellency President Mnangagwa had remarked in his iconic speech, saying, “The Zim Afro T10 has once again brought together top cricketing talent from across the globe, and it is inspiring to see how the event has grown and captured the attention of fans in Zimbabwe and around the world. I had the honour of being here last year, to witness the inaugural Zim Afro T10 tournament, which not only captivated and motivated the sporting world but also set new benchmarks for the future of cricket. I would like to personally commend the organisers of this tournament for bringing the world’s first 90-minute cricket format to Zimbabwe. T10 is cricket is now a global force in the world of sports, with leagues being played across multiple countries including Abu Dhabi, Qatar, and Sri Lanka, among others. It is pleasing that Zimbabwe is a part of this incredible journey.”

As the Zim Afro T10 enters its next chapter, it is evident that the tournament will continue to shine as one of the most anticipated events on the global cricket calendar, with the unwavering support of Zimbabwe’s leadership propelling it to even greater heights.

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Dubai Fitness Challenge registration is now open

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Get ready for the return of the Dubai Fitness Challenge 2024. Registration is now open for this exciting month-long event. It starts on Saturday, October 26 and continues until Sunday, November 24.

Participate in this free 30-day health and fitness event, aimed at making Dubai a leading active city globally. This time, registrants will have the chance to win a trip for two guests to Dubai, with Emirates flights and hotel accommodations included.

This year introduces several new activities, including a cycling-themed RTA Al Warqa’a Park 30×30 Fitness Village and the brand-new Dubai Municipality Zabeel Park 30×30 Fitness Village. The Zabeel Park Fitness Village will focus on running and cycling, featuring a spinning area, running clubs, cricket pitches, a tough mudder obstacle course, and a main stage for events. The fifth Dubai Ride is set for Sunday, November 10, while the sixth Dubai Run will draw hundreds of thousands of runners on Sunday, November 24.

Register now at www.dubaifitnesschallenge.com

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