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UAE real estate: Jumeirah Bay villa sets record, sold for 175 million dirhams

Market Confidence
  • Demonstrates strong confidence in Dubai’s real estate market, particularly in the luxury segment.

Driven Real Estate has announced a record-setting transaction, having sold the most expensive villa ever on Jumeirah Bay Island for an astounding 175 million dirhams.

Record-breaking Villa Sale on Jumeirah Bay Island

This sale underscores the high demand and prestigious nature of properties on the island. The villa is part of the exclusive “Sea Mirror” project, a high-end residential development located on the waterfront. This project is known for its architectural excellence, featuring designs by the renowned engineering firm Jacobsen Arquittura. The Sea Mirror project epitomizes luxury living with its prime location and stunning architectural details.

Occupying a substantial plot of 15,000 square feet, the villa itself boasts an impressive built-up area of 17,500 square feet. It features five luxurious bedrooms, each designed with utmost attention to detail and comfort. The property’s expansive layout and high-end amenities make it a standout in Dubai’s real estate market.

The villa includes a range of opulent amenities that cater to every aspect of luxury living. One of the highlights is a 25-meter swimming pool located in the basement, providing a private oasis for relaxation and recreation. Additionally, the villa is equipped with an advanced gym, spa, sauna, and steam room, ensuring residents have access to top-tier wellness facilities.

Market Impact

This record-breaking sale highlights the continuing allure of Jumeirah Bay Island as a prime real estate destination. The island has consistently attracted high-net-worth individuals looking for exclusive, high-value properties. The sale of this villa not only sets a new benchmark for property values on the island but also reflects the broader trends in Dubai’s luxury real estate market.

Jumeirah Bay Island is renowned for its exclusivity and luxury. The island offers a serene environment with breathtaking views of the Arabian Gulf and the Dubai skyline. Properties on the island are highly sought after due to their strategic location, exceptional design, and the promise of an elite lifestyle.

Future Prospects

The sale of this villa indicates a robust future for luxury real estate in Dubai. As demand for high-end properties continues to grow, developers and real estate agencies are likely to see more transactions of this nature. The market is poised for further growth, driven by both local and international buyers seeking premium properties.

Driven Real Estate’s recent sale of the most expensive villa on Jumeirah Bay Island for 175 million dirhams marks a significant milestone in Dubai’s luxury real estate market. The Sea Mirror project, with its exquisite design and top-tier amenities, exemplifies the height of luxury living. This record-setting transaction not only underscores the value and prestige of properties on Jumeirah Bay Island but also sets a new standard for future real estate developments in the region.


Gulf Estate Gazette

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