The Dubai real estate market has set another record with the sale of a 10-bedroom villa by the sea on The Palm Jumeirah for AED280 million (US$76.2 million). The previous record was set in 2015 – a huge mansion was purchased for 185 million dirhams.
We are talking about a huge snow-white seaside palace with a living area of 33 thousand square meters. feet, the facilities of a seven-star spa hotel (including a gym and a hairdresser), Italian marble and furnishings from Giorgetti and Minotti. Owners have at their disposal a private beach that stretches over 70 meters.
Real estate platform propertymonitor.com confirmed that the deal was a record deal for Dubai. It has significantly reduced the gap between the luxury real estate market in Dubai, London, New York and Hong Kong.
In June 2021, a mansion in the 22 Carat project was sold on The Palm Jumeirah for AED 119.5 million (US$ 32.7 million). Two-storey villa with an area of 12.1 thousand square meters. feet is located on the crescent of the island, on a plot of 22 thousand square meters. feet with a private beach, swimming pool and landscaped garden. The villa has seven en-suite bedrooms, an open kitchen, a bar and a steam room.
In March 2021, the One100 Palm mansion on The Palm Jumeirah was sold in Dubai – a Swiss family living in Monaco purchased it for AED 111.25 million for short-term rental purposes.