A penthouse in Dubai’s Jumeirah Marsa Al Arab fetched a whopping $ 115 million! Jumeirah Marsa Al Arab is a luxury development with branded residences and a superyacht marina.
One of the villas on Frond N in Palm Jumeirah was sold for AED 280 million. The white 10-bedroom villa has 33,000 sq. ft. living space, a spa hotel, and a private beachfront area.
Several ultra-wealthy individuals relocating to Dubai or searching for a second home are buying homes worth AED 100 million-plus. These investors include Indians, Russians & British nationals.
Waterfront properties located at Jumeirah Bay Island, Palm Jumeirah, Emirates Hills & Dubai Hills are the most sought-after. Early movers can maximize ROIs by investing in these ultra-expensive homes.
Let’s look at five coveted residential addresses that have rightfully earned the sobriquet of the ‘costliest’ residential properties in Dubai.
A 5-bedroom townhouse (4,558 sq. m.), a part of the Villa Amalfi complex in Jumeirah Bay, was sold for AED 35.5 million, making it the most pricey one in Dubai.
A 5-bedroom penthouse at One in Palm Jumeirah was sold for AED 275 million. The penthouse offers 31,694 sq. ft., a private terrace, and spectacular views of the Dubai Marina skyline and Arabian Gulf.