Dubai?s Most Expensive Mansion Sold For AED 280M
This waterfront property in Dubai holds the record as the most expensive residential villa in the city, boasting 10 bedrooms, a private beach, a hair salon and more.
The post Dubai?s Most Expensive Mansion Sold For AED 280M appeared first on LUXUO.
Image: Belleview Real Estate
A custom-built residential villa was recently sold for AED 280 million (US$76.2 million) early this month, setting a real-estate record as the most expensive property in the ?City of Gold?.
The property was managed by listing agent Conor McKay of Belleview Real Estate. Sold by the award-winning luxury real estate broker, the sale price of the mansion was around 33 per cent more than the previous record of AED 185 million (US$50.3 million) set in 2015.
View this post on Instagram A post shared by Conor McKay (@luxurypropertydubai)
Zhann Jochinke, COO of Dubai-based real estate platform Property Monitor, stated that a transaction of this magnitude depicts the ongoing strength of Dubai?s property market, especially in the ultra-high-end segment.
?The transaction not only beats Dubai?s previous record but closes the gap between Dubai?s luxury market and those of leading global cities such as London, New York and Hong Kong,? said Jochinke.
READ MORE: Explore Enviable Waterfront Properties with Palace 28
Standing proudly on Palm Jumeirah by the waterfront, the massive megamansion spans 33,300 square feet and boasts ten bedroom suites. There are indoor and outdoo...
The post Dubai?s Most Expensive Mansion Sold For AED 280M appeared first on LUXUO.
Image: Belleview Real Estate
A custom-built residential villa was recently sold for AED 280 million (US$76.2 million) early this month, setting a real-estate record as the most expensive property in the ?City of Gold?.
The property was managed by listing agent Conor McKay of Belleview Real Estate. Sold by the award-winning luxury real estate broker, the sale price of the mansion was around 33 per cent more than the previous record of AED 185 million (US$50.3 million) set in 2015.
View this post on Instagram A post shared by Conor McKay (@luxurypropertydubai)
Zhann Jochinke, COO of Dubai-based real estate platform Property Monitor, stated that a transaction of this magnitude depicts the ongoing strength of Dubai?s property market, especially in the ultra-high-end segment.
?The transaction not only beats Dubai?s previous record but closes the gap between Dubai?s luxury market and those of leading global cities such as London, New York and Hong Kong,? said Jochinke.
READ MORE: Explore Enviable Waterfront Properties with Palace 28
Standing proudly on Palm Jumeirah by the waterfront, the massive megamansion spans 33,300 square feet and boasts ten bedroom suites. There are indoor and outdoo...
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