A villa on the Palm Jumeirah has been sold for a total of Dh111.25 million, hence giving it the title of being the most expensive property sold in Dubai in the year 2021.
The new custom modern contemporary villa– One100Palm – has been purchased by a Swiss family from Monaco, who means to keep the home as a luxury rental. The family’s name has been kept private.
“Due to the ‘wow factor’ of the villa and the video receiving over million views, you would get many people wanting to see the villa in person. However, only a small percentage of the clients had the actual budget, so we had to shield the villa from this, carrying out the necessary due diligence on clients visiting,” said Leigh Borg, managing director at Luxhabitat Sotheby’s International Realty.
The villa spans over 3-floors and has a built-up area of 14,000 sqft. It hosts five spacious VIP bedroom suites, with the master extended to 1,300sqft of space. It was listed for sale in June 2020.
The villa ranges over 3-floors and has a developed zone of 14,000 sqft. It has five roomy VIP room suites, with the master reached out to 1,300sqft of space. It was recorded as available to be purchased in June 2020.
Some of the main key points of the villa include Bentley & Minotti furniture decor by Louis Vuitton & Hermes; and three indoor-outdoor movie theaters, including a terrace outdoor cinema with an infinity glass Jacuzzi with a pop-up TV.
Villa also has an art gallery – adorned with special models by Richard Orlinsky and Eero Arnio just as artistic creations by Fidia Falaschetti and Scrapsculteres USA.
As per Luxhabitat, the most expensive villa was sold for Dh75 million, in 2020.