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Can anyone really keep up with real estate in Dubai? One minute, the most expensive villa gets sold for AED185 million and suddenly it’s not the most expensive anymore. And that’s because luxury real estate broke Conor McKay just beat that sale!
The property in question is the custom-built 33,000 sqft villa on Palm Jumeirah!
Many transactions came close to beating the previous long-standing record of AED185 million, but not close to AED280million! So what does a mansion this expensive have? Well, state-of-the-art living space, seven-star spa hotel facilities, (including a gym and a hair salon), imported and handpicked book-matched Italian marble, all furnished by uber-lux Italian furniture Giorgetti and Minotti. And let’s not forget it comes with more than 70 meters of private beach.
Real estate platform Property Monitor verified that this Palm Jumeirah villa sets a new record for the highest value residential villa sale in Dubai. The Villa costs over US$76.2 million, and in comparison, the highest value property in London is currently on the market for around US$40m; in New York, US$169m, and in Hong Kong US$82.2m.
Minimum custom amount to enter is AED 2
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