Dubai is renowned for its thriving and luxury real estate market. Following the pandemic, a surge of wealthy entrepreneurs and businessmen flocked to Dubai, leading to increased demand for ultra-prime homes. Numerous high-end and posh areas in the UAE, such as Palm Jumeirah, Downtown, Jumeirah Bay Island, and Emirates Hills, have experienced a significant rise in property prices, soaring by over 44%. In this article, we will cover the most expensive properties ever sold in Dubai, along with everything you need to know about them.
All these projects are architectural marvels with remarkable craftsmanship. From expansive villas to private mansions with state-of-the-art facilities, this list includes all.
A luxury custom-built white villa was sold for Dh280 million, making it the most expensive villa ever sold in the United Arab Emirates. It boasts a living space of 33,000 sqft, seven-star spa hotel facilities, and a private beachfront, furnished by Italian furniture houses Giorgetti and Minotti.
In 2015, a luxury mansion was sold for Dh185 million on Palm Jumeirah. The project’s total area was 39,000 sq ft, with a built-up area of 31,000 sqft.
In 2021, a mansion located on Jumeirah Bay Island was sold for Dh121 million. It was reported as the most expensive property sold in the Emirates at that time. The property’s prime location offers stunning views of Dubai’s skyline and, most importantly, the iconic Burj Khalifa.
The XXII Carat project is renowned for its exclusive and luxurious villas, and the Dh119.5 million mansion is no exception. The property features an impressive array of amenities, including a private beach, landscaped garden, and swimming pool, making it a private oasis in the bustling city of Dubai. The seven en-suite bedrooms, bar, open kitchen, and steam room cater to every indulgence, making it a sought-after residence among the affluent elite.
The One100Palm is a custom modern contemporary villa spread over three floors, with a built-up area of 14,000 sqft. In 2021, it was bought by a Swiss family for over Dh111.25 million. The project is located on the Frond N of the Palm Jumeirah.
Another jewel in the XXII Carat project, this ultra-luxury villa boasts 12,167 sqft of living space, meticulously crafted to offer a private and luxurious experience. With a private pool, landscaped gardens, and a private beach, this property redefines the concept of luxury living in Dubai.
Dubai Hills Grove Mansion is also considered one of the costliest properties in Dubai, with a built-up area of 31,296 sq ft. It was sold for Dh103 million.
Owned by a Maltese businessman, this villa in Emirates Hill has a built-up area of 20,000 sq ft. It was bought by an Indian entrepreneur for a whopping Dh102.8 million.
A splendid penthouse apartment on One Palm is equipped with five en-suite bathrooms, spacious living areas, and balconies that offer an unrivaled view of Dubai Marina skyline and the Arabian Gulf. It was sold for Dh102 million.
In 2017, Gulf Sotheby’s International Realty and Bellevue sold a villa for a whopping Dh100 million. The mansion offers plenty of entertainment areas and spans over 42,000 sqft.
A villa by Innovate Living was sold for over Dh95 million, and this luxury project comprises high-end Italian brands, seaside views, and an exceptional light assortment.
In conclusion, Dubai’s luxury real estate market has witnessed a remarkable surge in demand, particularly post-pandemic, attracting well-known entrepreneurs and businessmen from around the world. The city’s iconic areas like Palm Jumeirah, Downtown, Jumeirah Bay Island, and Emirates Hills have become hotspots for ultra-prime homes. Dubai is known for luxury living, offering tons of facilities to the residents. In this article, we have covered luxury properties sold in Dubai over the last few years.