As a direct consequence of the government's effective management of the pandemic, there has been a significant influx of wealthy people to the Emirates. As a result, demand for the most costly houses in Dubai has been at an all-time high. In recent months, price increases in upscale areas averaged over 44 percent. In addition to Downtown, Emirates Hills, Palm Jumeirah, and Jumeirah Bay Island.
After a string of consecutive quarterly increases, luxury real estate prices came to a standstill in the first quarter of 2022. They went down by roughly 6% overall. As a result of the robust demand for ultra-luxury residences and the severe shortage of properties available for purchase at the very top of the market, real estate consultants expect that the prices of prime properties will increase by around 10% this year.
The luxurious property that was purchased for Dh280 Million set a new record for the most expensive villa ever sold in Dubai. A contemporary white villa on the Palm Jumeirah that was built to the owner's specifications offers a massive 33,000 square feet of living area. This is one of the splendid Dubai properties that boasts a private beach stretching more than 70 metres in length, a seven-star spa, and imported, hand-selected, book-matched Italian marble. In addition, it is furnished with items from the ultra-luxurious Italian furniture brands Giorgetti and Minotti.
The year 2015 saw from the houses for sale in Dubai a mansion located on Palm Jumeirah was sold for the price of Dh185 million. The built-up area of the villa is 31,000 square feet, and it sits on a block of land that is 39,000 square feet.
A home located on Jumeirah Bay Island sold for Dh121 Million in the year 2021. Reports indicate that these were the most expensive houses that were sold in Dubai in 2017. The luxury villa's exceptional location is one of the reasons that industry experts believe it sold for an all-time high price. It gives the owner a splendid view of the Burj Khalifa & skyline of Dubai.
The ultra-luxurious mansion in Palm Jumeirah has a price tag of Dh119.5 million.
The price of 119.5 million Dirham was paid to purchase one of the mesmerising Dubai properties that are situated in the XXII Carat development on the Palm Jumeirah. The home, which can be found on the Crescent of Palm Island, was built on a plot of ground that was 22,000 square metres in size. A magnificently planned garden, a swimming pool, and a private beach are also there. The home features a bar, a steam room, an open kitchen, and seven bedrooms, each of which has a private bathroom attached to it.
In March of 2021, a Swiss family residing in Monaco purchased One100Palm for a price of Dh111.25 million. A newly built, cutting-edge, and ultra-contemporary hotel on the northern Frond of Palm Jumeirah. The three stories of the villa add up to a total of 14,000 square feet of habitable area. Five of the VIP bedroom suites are spacious, including the master suite, which is around 1,300 square feet in size.
The first quarter of the previous year saw the villa for sale in Dubai of a second ultra-luxury property in the XXII Carat complex on the Palm Jumeirah for the price of Dh105 million. The home measured 12,167 square feet and featured a gorgeously landscaped yard, in addition to a private beach and an exclusive pool.
The top 10 most expensive properties in Dubai include the 31,296-square-foot Dubai Hills Grove. This property is also on the list. A property in the rapidly developing area of Dubai Hills recently changed hands for the price of Dh103 million.
An incredible Dh102.8 million was paid for a property in Emirates Hills, making this transaction the second-highest villa for sale in Dubai in the community's history. A Maltese businessman parted ways with the villa and sold it to an Indian businessman. With a construction size of 20,000 square feet and a plot area of approximately 38,000 square feet.
The unbelievable price of Dh102 million was paid for the gigantic penthouse flat in One Palm. It features five separate bathrooms, two of which are en suite, in addition to several living areas. Balconies that offer an unobstructed view of the Arabian Gulf as well as the skyline of Dubai Marina.
In 2017, Gulf Sotheby's International Realty and its affiliate company, Bellevue, were able to sell a villa located in Emirates Hills for the price of Dh100 million. The estate spans 42,000 square feet and features eight bedrooms, each with its own private bathroom, in addition to many living areas.
An unbelievable Dh95 million was paid for a villa for sale in Dubai of a brand-new penthouse on the Palm Jumeirah by Innovate Living. The project canvas features high-end Italian products, spectacular lighting sets, seaside views, and a one-of-a-kind combination of beautiful marbles. All of these elements are present.
Whatever your real estate needs are, be it a commercial plot or a residential high return off plan project or it can be a villa or apartment for a new beginning, just contact Property Shoma, the no.1 real estate agency for Dubai properties.