Dubai: 10 most expensive properties ever sold – News
Some regions have seen prices rise by more than 44%
Image used for illustrative purposes
Ultra-prime homes in Dubai have been in huge demand as large numbers of wealthy people have flocked to the Emirates due to the government’s successful handling of the pandemic.
Lately, upmarket areas such as Palm Jumeirah, Emirates Hills, Jumeirah Bay Island and Downtown have seen prices jump by more than 44%.
After rising steadily in recent quarters, luxury real estate prices paused in the first quarter of 2022, falling around 6%.
But real estate consultants expect prices for prime properties to rise by around 10% this year, given the scale of demand for ultra-luxury homes and the lack of properties for sale at the high end. of the market.
Below is a list of the 10 most expensive villas sold in Dubai, courtesy of Luxhabitat Sotheby’s, Property Monitor and Knight Frank.
1. 280 million dirham villa in Palm Jumeirah
A luxury villa was bought for 280 million dirhams this month, becoming the most expensive villa ever sold in the Emirates. Custom-built contemporary white villa on the Palm Jumeirah features an enormous 33,000 square foot living space, seven-star hotel spa facilities, over 70 meters of private beachfront, imported and hand-picked Italian marble. the pane, all furnished by uber-lux Italian furniture from the houses of Giorgetti and Minotti.
2. 185 million dirham mansion sold by Chris Boswell
A mansion on the Palm Jumeirah was sold for 185 million Dh in 2015 by Chris Boswell. The villa was built on a 39,000 square foot plot with a built-up area of 31,000 square feet.
3. 121 million dirham mansion on the island of Jumeirah Bay
A mansion on the island of Jumeirah Bay was sold for 121 million dirhams in 2021. It would be the most expensive property sold in the Emirates last year. Industry executives attribute the luxury villa’s record sale in part to its prime location which allowed the buyer to have views of the emirate’s skyline, particularly the Burj Khalifa, and the majority of the property.
4. Ultra-luxurious 119.5 million dirham mansion on the Palm Jumeirah
In June last year, an ultra-luxurious mansion of the XXII Carat project on the Palm Jumeirah was sold for 119.5 million dirhams. Located on the crescent of Palm Island, the mansion was built on 22,000 square meters of land and includes a private beach, swimming pool and landscaped garden. The mansion has seven en-suite bedrooms and is also equipped with an open kitchen, a bar and a hammam among others.
5. Dh111.25 million bespoke modern contemporary villa on The Palm Jumeirah
One100Palm – a new bespoke modern contemporary villa located on the Frond N of The Palm Jumeirah – was purchased by a Swiss family from Monaco for Dh111.25 million in March 2021. The villa spans three floors and has a built-up area of 14,000 square feet. It hosts five spacious VIP bedrooms, with the master extended to 1,300 square feet of space.
6. Ultra-luxury villa of 105 million dirhams in the XXII Carat project
Another ultra-luxury villa in the XXII Carat project on the Palm Jumeirah sold for Dh105 million in the first quarter of last year. The 12,167 square foot villa featured a private beach, private pool and landscaped garden.
7. 103 million dirham mansion in Dubai Hills Grove
A Dubai Hills Grove mansion with a built-up area of 31,296 square feet also made the top 10 most expensive properties. The villa, located in the rapidly growing hills of Dubai, was sold for 103 million dirhams.
8. 102 million dirham penthouse apartment on One Palm
A huge penthouse apartment on One Palm has been sold for the modest sum of 102 million dirhams. It is equipped with five en-suite bathrooms and multiple living areas and balconies with stunning views of the Dubai Marina skyline and the Arabian Gulf.
9. 100 million dirham villa in Emirates Hills
Gulf Sotheby’s International Realty and partner Bellevue sold a villa for MAD100 million in an Emirates Hills villa in 2017. The mansion spans 42,000 square feet and houses eight en-suite bedrooms as well as entertainment areas.
10. 95 million dirham penthouse on the Palm Jumeirah
A new penthouse on the Palm Jumeirah has been sold for the incredible sum of 95 million Dh by Innovate Living. The project’s canvas includes high-end Italian brands, exceptional light arrangements, sea views and a distinct combination of fine marbles.
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