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06 Dec, Tuesday
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Dubai sets new record with villa sold for Dh302.5 million

A mansion built on Dubai’s Palm Jumeirah island has become the most expensive home to be sold in the Gulf emirate, the latest real estate record as the city’s luxury property sales surge.

The villa, called Casa Del Sole, fetched Dhs302.5m ($82.4m) when it was sold in July, according to its developer Alpago Properties. The firm declined to name the buyer, citing privacy concerns.

Casa Del Sole has been built over four levels – basement, ground, first and second floor – on a plot of 28,000 sqft, and it has an enclosed area of about 25,000 sqft, making it the biggest signature villa in Alpago Properties’ collection of six located on Palm Jumeirah’s Frond G billionaire’s row, which competes with two of the most prestigious neighbourhoods in the world, also known as “Billionaire’s Row”. They’re located on Manhattan’s 57th Street and the Bishops Avenue in London.

The sale set a new benchmark in the UAE’s real estate market and highlights the relentless demand for ultra-luxury property in Dubai, especially on Palm Jumeirah. The previous most expensive villa was sold in Dubai in April for Dh280 which featured 7-star spa hotel facilities, Italian marble and a 70-metre private beach, among other top-class amenities.

photo: supplied

The Dh300 million-plus Casa Del Sole villa’s amenities include a home cinema, bowling alley, gym, hammam, sauna, infinity pool, jacuzzi, game room, and terrace seating area among others. It is also the largest signature villa on the Palm Jumeirah’s Billionaires’ Row, the developer said.

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