A $76.2 million villa in Palm Jumeirah is the most expensive residential sale ever recorded in Dubai.
The estate spans 33,000 square feet and includes its own private beach.
The 10-bedroom home also has an indoor pool, a sauna, and a beauty salon.
A mansion located on Palm Jumeirah sold for AED280 million ($76.2 million) in early April, making it the most expensive residential villa ever sold in Dubai.
The sale was brokered by listing agent Conor McKay of Belleview Real Estate , and comes after the property market’s strong start to the year .
Dubai real-estate platform Property Monitor verified that the transaction broke the previous Dubai real-estate record of AED185 million, which was set in 2015, per a Belleview Real Estate press release.
“The transaction not only beats Dubai’s previous record, but closes the gap between Dubai’s luxury market and those of leading global cities such as London, New York, and Hong Kong,” Zhann Jochinke, the chief operating officer of Property Monitor, wrote in the press release.
Property Monitor, Belleview Real Estate, and McKay did not immediately respond to Insider’s requests for comment. The mansion is located on the north fronds of Palm Jumeirah, a man-made island in Dubai that’s shaped like a palm tree.
View of Palm Jumeirah, a man-made island in Dubai Construction of Palm Jumeirah started in 2001 . It’s now home to some of Dubai’s top luxury resorts and numerous upmarket residential developments, including Six Senses Residences by Select Group and One Palm by Omniyat .
Dubai’s real-estate scene is off to a hot start in 2022. Several real-estate agents previously told Insider demand for luxury properties in the city is surging . And the city recorded 11,071 transactions in January and February, the highest it has ever recorded in the first two months of the year.
The open-concept kitchen. The interiors of the bathrooms are crafted with book-matched Italian marble from luxury furniture houses Giorgetti and Minotti. The bathroom of the primary bedroom suite in the house. The practice of bookmatching involves matching up adjoining marble surfaces so that they mirror each other to give the impression of an opened book. There is also a walk-in wardrobe with plenty of storage space. The interiors of a walk-in wardrobe in the home. The house has its own private hair and beauty salon. Other amenities include a massage room and a sauna. The house comes with its own hair salon.
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