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Prices Have Increased By Over 44% In Some Areas.
Due to a significant influx of wealthy people to the Emirates because of the government’s successful management of the pandemic, most expensive properties Dubai has been in incredibly high demand. Prices have recently increased by over 44% in posh locations. Like Downtown, Emirates Hills, Palm Jumeirah, Jumeirah Bay Island, and more.
Luxury real estate prices experienced a pause in Q1 of 2022 after steadily increasing over the previous few quarters. They decreased by about 6%. Given the intense demand for ultra-luxury homes and the severe lack of properties for sale at the top of the market, real estate consultants anticipate that prime property prices will rise by about 10% this year.
With Luxhabitat Sotheby’s, Property Monitor, and Knight Frank, following is a list of the top 11 most expensive properties Dubai:
DH280 Million Villa in Palm Jumeirah
The most expensive villa ever sold in the Dubai was a luxury villa that purchased for Dh280 Million this month. A custom-built modern white villa on the Palm Jumeirah offers a huge 33,000 square feet of living space. More than 70 meters of private beachfront, a 7-star spa hotel, and imported, hand-selected, book-matched Italian marble. Moreover, the ultra-luxurious Italian furniture companies Giorgetti and Minotti furnish that.
185 Million Dirham Mansion on Palm Jumeirah
2015 saw the sale of a mansion on Palm Jumeirah for Dh185 million. The villa has a built-up area of 31,000 square feet on a 39,000 square foot plot of land.
Jumeirah Bay Island Mansion Costing DH121 Million
In 2021, a mansion on Jumeirah Bay Island went for Dh121 Million. According to reports, that were most expensive properties Dubai sold in 2017. Industry insiders credit the luxury villa’s record-breaking sale in part to its enviable location. Which gave the buyer views of the Emirate’s skyline, particularly the Burj Khalifa, from most of the property.
The Palm Jumeirah’s Ultra-Luxury Mansion Costs Dh119.5 M
For Dh119.5 million, a super-luxury mansion in the XXII Carat development on the Palm Jumeirah was sold in June of last year. The mansion, which is situated on the Crescent of Palm Island, was constructed on a 22,000 square meter lot. Moreover features a private beach, a swimming pool, and a beautifully landscaped garden. The mansion includes a bar, a steam room, an open kitchen, and seven bedrooms with en-suite bathrooms.
Customized Modern Villa On The Palm Jumeirah For DH111.25 M
A Swiss family from Monaco paid Dh111.25 million in March 2021 to purchase One100Palm. A brand-new, individually designed modern contemporary villa on the Frond N of The Palm Jumeirah. The villa has three floors and a total built-up area of 14,000 square feet. With the master suite extending to 1,300 square feet in size, it has five roomy VIP bedroom suites.
Ultra-Luxury Villa in XXII Carat Project for DH105 M
In Q1 of last year, a second ultra-luxury villa in the XXII Carat development on the Palm Jumeirah was sold for Dh105 million. The 12,167 square foot villa had a private beach, an exclusive pool, and a beautifully landscaped yard.
DH103 M Mansion in Dubai Hills Grove
Dubai Hills Grove with 31,296 sq. ft. are also included in the top 10 most expensive properties Dubai. For Dh103 million, a villa in the rapidly expanding Dubai Hills neighborhood was sold.
Emirates Hills Villa Costing DH102.8 M
The second-highest sale in Emirates Hills history occurred when a villa there was sold for a staggering Dh102.8 million. The villa was sold to an Indian businessman by a Maltese businessman. It has a plot of about 38,000 sq. ft. and a constructed area of 20,000 square feet.
DH102 M for A Penthouse on One Palm
One Palm’s enormous penthouse apartment was sold for an astounding Dh102 M. It has five bathrooms with en-suites and numerous living spaces. Balconies with an unobstructed view of the Arabian Gulf and Dubai Marina’s skyline.
Emirates Hills Villa Costing DH100 M
In 2017, Gulf Sotheby’s International Realty and its associate Bellevue sold a villa at Emirates Hills villa for Dh100 million. The 42,000 sq. ft. mansion has eight bedrooms with en-suite bathrooms as well as living spaces.
Penthouse on the Palm Jumeirah for DH95 M
Innovate Living sold a brand-new penthouse on the Palm Jumeirah for an astounding Dh95 million. High-end Italian brands, extraordinary lighting setups, seaside views, and a unique combination of fine marbles are all present on the project canvas.
