At Six Senses Palm Jumeirah, a five-bedroom oceanfront Signature Villa sold for an incredible Dh130 million. The deal guarantees its status among the top ten most costly branded homes sold in 2024 and is the project’s biggest sale to date. The sale demonstrates the off-plan market’s continuous strength and the ongoing growth of prime and super-prime branded residential sector.
“Super prime branded residences have become one of the driving forces in the global real estate market, attracting the attention of buyers in key cities like Miami, New York, and London,” says George Azar, CEO of Dubai Sotheby’s International Realty.
The remarkable property, one of just nine elite Signature Villas, features premium branded fixtures, hand-selected Italian marble, and rich, sustainable teakwood finishes. Residents have unmatched access to the resort’s top-notch facilities and individualized services because it is fully serviced and run by Six Senses. It is anticipated that the mansion would be completed by October 2025.
Industry data shows that sales of branded homes in Dubai are at an all-time high of Dh28.8 billion in the first half of 2024 alone, which represents an astounding 12.6% of the city’s overall transaction value. This remarkable number indicates a 44% increase in the volume of branded home transactions year over year.
Dubai At Dh175 million, Sotheby’s recently broke the record for the most expensive property ever sold on Jumeirah Bay Island. At Dh130 million, the most costly villa sale in Abu Dhabi was just completed.
