Another expensive villa sold for Dh52 million, drawing media attention to Palm Jumeirah once more.
A four-bedroom Raffles Royal Villa at the Palm was purchased by a European buyer, according to a statement from Luxhabitat Sotheby’s International Realty. The property is a portion of the Raffles The Palm Dubai hotel, which is located on the Palm Jumeirah Crescent and has a BUA of 12,404 sq ft.
The villa, one of just five that are up for sale, was created by Francesco Molon and features an interior in the Baroque style. Swarovski chandeliers with 24-carat gold leaves, a private spa with a massage room, scrub room, and hammam, as well as a rooftop pool and jacuzzi, are some of the design features.
“The home is spread over four floors with its very own private elevator. On purchase of the home, the new owner will also have complete access to the Raffles hotel facilities, pool, gym, and a private beach, which has sand flown in from the Maldives,” according to Luxhabitat Sotheby’s International Realty.
The buyer of the villa was from Europe and was seeking a Dubai residence for himself and his family.
“Among the requirements stated were a ready villa that was fully furnished and serviced,” said Stephan Hirzel, senior global property consultant at Luxhabitat Sotheby’s International Realty who transacted the property.
This year, demand for luxury real estate in Dubai remained high as a result of investors’ increased confidence in the region’s expanding real estate market. A pricey penthouse at the Palm Jumeirah was put up for sale by Alpago Properties on Wednesday for Dh250 million.
According to recent media reports, Indian business tycoon Mukesh Ambani paid over Dh293 million for a property on the Palm Jumeirah for his son Anant.
“The Raffles Royal Villa was a perfect fit for the buyer as he wants to live the pampered lifestyle with Raffles service and enjoys the prestige of living at a luxurious beach club,” Hirzel said.
“We have been observing a trend of several UHNWIs arriving to Dubai looking for this level of five-star service with a world-renowned brand and looking to move into a serviced, fully furnished home immediately. The Raffles Residences & Penthouses is one of the few developments in Dubai that fulfill this exact need and ticks all the boxes,” he said.