Alpago Properties has unveiled a “signature villa” on what it describes as the island’s “Billionaire Row,” proving that there is still room for more residents at The Palm. Six villas will be built by Alpago, with costs ranging from Dh120 million to Dh300 million. One of these is completed.
“Being the playground of the world’s wealthiest individuals, ultra-luxurious residences are more important now than ever,” said Murat Ayyildiz, Chairman Of Alpago Group. “These signature villas (are) specially designed to accommodate the flawless Dubai lifestyle. We are proud to be at the forefront of establishing Dubai’s Middle East’s ‘billionaires’ row’ in Palm Jumeirah’s Frond G.”
The first home, covering 10,000 square feet on the Frond G, has been given the name “Riva Del Lusso.” The mandatory private beach access, a pool, and underground parking are included with the five-bedroom home. Because of its location, Atlantis and the nearly finished Royal Atlantis can be seen in the “most stunning” ways.
There are currently 13 iconic villas on the Palm’s “Billionaire’s Row.” Alpago’s planned Dh300 million offering will aim to surpass the Dh280 million sale that The Palm just closed.
Massimo Castagna and the “award-winning” companies SAOTA, Interni Design Experience, & CK architecture worked on the architecture and interior design of the Riva del Lusso villa. All six villas are expected to be delivered by the end of the year.
An apartment project on the Palm with one unit on each floor and the most expensive one costing Dh200 million was revealed by Alpago last year. The design was handled by UK firm Foster + Partners.