A villa on Dubai’s Jumeirah Bay Island sells for Dhs330 million
- 3 hours ago
The Dubai Sotheby's International has revealed a new record sale on Jumeirah Bay Island. A six-bedroom, bespoke villa has been sold for Dhs330 million, a figure that establishes a new benchmark as the most expensive home ever sold on the island.
The property occupies a plot of 26,895 square feet and is one of a select number of exclusive properties situated at the island's most prominent location.
The villa has been finished to an exceptional standard, with materials including Taj Mahal quartzite, Patagonia marble and walnut veneer. Notable features include a beachfront infinity pool and a private strip of soft white sand.
The deal has exceeded the previous record of Dhs240.5 million, which was also established by Dubai Sotheby's International Realty in June 2024. This development serves to emphasise the sustained increase in value of Jumeirah Bay Island, often referred to as the 'Billionaires' Island'. This exclusive location comprises just 128 properties and has become a sought-after destination for elite buyers seeking exclusivity, seclusion and a luxurious waterfront lifestyle.
As George Azar, CEO and Chairman of Dubai Sotheby's International Realty, observes, "Dhs330 million is not merely a numerical value; it serves as a symbol of the confidence that our clients repose in us, our capacity to generate outcomes, and the robust performance of Dubai's flourishing luxury real estate sector."
He further elaborated that the demand for properties of this calibre is indicative of a shift in market trends, where rarity and exclusivity are of paramount importance.
"In this sector, we are not merely setting new records; we are shaping the market. We are proud to continue setting new benchmarks and connecting our clients to the most exclusive properties in the region," Azar added.
"Jumeirah Bay Island is undeniably Dubai's most exclusive address. Its appeal keeps growing as there is only plot owner availability." said Regan Faulkner, Managing Partner of Jumeirah Bay Island.
"The demand for bespoke, unique homes is at an all-time high, and this record-breaking deal on Jumeirah Bay Island highlights its ongoing appeal," stated Ioana Arminou, Managing Partner.
