Over 100 Million Shekels Spent by Israelis on Luxury Villas in Dubai

At least 30 Israelis have collectively purchased luxury villas worth over 100 million shekels in a high-end residential project in Dubai. Each villa was sold for at least 4 million shekels, placing Israel among the top ten countries by number of buyers in the development. The project, called The Willows, is part of the larger Sobha Sanctuary complex by Sobha Realty, designed to house around 20,000 families. It features four-bedroom villas and extensive green spaces, including a central park, walking and biking trails, commercial and leisure areas, and other amenities.

According to Glidai Properties, which markets the project in Israel, many purchases are long-term investments. The company noted that the buying trend often spreads through word of mouth, with existing investors recommending the project to friends, family, and business partners. Glidai highlighted that the significant Israeli participation in a single project demonstrates strong demand for premium real estate in Dubai among Israeli buyers.

This surge in Israeli investment reflects growing interest in overseas property, particularly in Dubai's expanding luxury market, and underscores the city's appeal as a destination for affluent international buyers.