A’record’ price for a luxury mansion has been set this time around in Dubai on another island.
A ‘Masterview’ mansion in Jumeirah Islands sold for Dh46 million, the most money ever recorded for a property of its sort in the neighborhood. Additionally, according to the brokerage company Allsopp & Allsopp, it “reinforces Jumeirah Islands as a prime destination for ultra-high-net-worth buyers.”
The ready-to-occupy villa has a built-up area of 7,483 square feet and is situated on a 15,808 square foot plot. It features custom Italian furnishings, five ensuite bedrooms, and an integrated home automation system.
“Jumeirah Islands has witnessed a dynamic transformation in buyer demographics over the past four to five years,” said Jamal Tuzgani of Allsopp & Allsopp, who brokered the deal.
“We’re seeing a significant influx of wealth from across Europe, including the UK, France, Germany, Netherlands and Italy as well as growing interest from Southeast Asia, particularly Singapore, China, and Russia.”
Ambra Development created the design and construction of the villa.
This year, Dubai has already seen several high-profile transactions, including in Jumeira Bay, Dubai Islands, and Emirates Hills.