Another Palm Jumeirah villa sold for Dh100 million

Located on the Palm Jumeirah, the villa spans over 20,756 sq ft and consists of seven bedrooms, nine bathrooms, a steam room, a private pool, and a garden. It also offers stunning views of the Arabian Gulf as well as Dubai Marina and Jumeirah Beach Residence (JBR) skylines.

The villa has been bought by a European buyer who wished to remain anonymous.

In March 2021, On100Palm villas were sold for a staggering Dh111.25 million, making it the most expensive property sold in Dubai this year, according to Dubai-based brokerage firm LuxuryProperty.com, which represented both the buyer and the seller.

A study by Bayut and Dubizzle has revealed that sales in the most popular Dubai neighborhoods have shown promising growth and rising demand for luxury real estate, especially in the first quarter of this year.

The study found prospective buyers and investors have favored Jumeirah Village Circle, Jumeirah Lake Towers, Dubailand, and Akoya Oxygen for competitively priced apartments and villas, while established communities such as Dubai Marina, Downtown Dubai, Arabian Ranches, and Palm Jumeirah take the lead for luxury properties for sale.

Andrew Cummings, co-founder and managing director of LuxuryProperty.com, is excited to see the sale complete but doesn’t find the price point to be surprising.

Source: Khaleej Times