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Gorgeous LA-Inspired Luxury Mansion On The Palm Dubai Sells For AED 63 Million
- 13th May 2022
Does the Dubai real estate market and especially the Dubai luxury real estate market ever cease to amaze!!
An amazingly luxurious Garden Home in Palm Jumeirah with breathtaking views of the sunset was sold for AED 63 million.
DUBAI, May 12th, 2022
LUXHABITAT Sotheby's International Realty is pleased to announce the sale of a beach home on the Palm Jumeirah that was inspired by Los Angeles for AED 63 million. The five-bedroom Garden house's 8,600 square feet, desired location on N Frond, smart home technology, great condition, and custom finishes made it a unique offering on the Dubai luxury real estate market.
"Homes of this calibre are exceedingly difficult to obtain on the Dubai real estate market owing to a restricted supply of similar product offerings and an inflow of luxury property purchasers seeking precisely this sort of high-quality residence. The property was displayed in pristine shape, which attracted the purchasers' attention and caused them to fall in love with it almost instantly. The transaction was handled by Kunal Singh Gupta, Associate Director of LUXHABITAT Sotheby's International Realty, who represented both buyer and seller.
The European purchaser bought this California-style beach property as an end-user who just relocated to Dubai.
LUXHABITAT Many HNW / UHNW foreign purchasers are attracted to Dubai as a place to call home, as stated by Sotheby's International Realty in the recent past.
The real estate in Palm Jumeirah has made a significant return in terms of luxury property sales after 2020. According to figures from the Dubai Land Department, the region has seen over AED 4.6 billion in sales so far this year, of which 57 villas have sold for a total of AED 1.59 billion.
"Currently, the most in-demand luxury houses in Dubai are those created in a contemporary or Mediterranean style, with a bigger plot and built-up space, as well as mega-mansions with views of the beach, golf course, or park" (depending on the location). The most in-demand luxury homes in Dubai are ultra-luxurious villas, apartments, and penthouses, since residents like to spend as much time in the sun and outdoors as possible. Palm Jumeirah, Jumeira Bay Island, Emirates Hills, and Dubai Hills cater to the richest 1 percent of the globe, which is a positive indicator for the future of Dubai and the UAE."Says Kunal.
The top 10 most expensive homes sold in the first quarter of 2022 were located in Palm Jumeirah, Emirates Hills, Jumeirah Bay, and Downtown Dubai, according to a study by LUXHABITAT Sotheby's using data from the Dubai Land Department.
In addition to location, Kunal includes quality of construction, usage of home automation technology, in-house amenities, seclusion, eating & entertainment alternatives, and accessibility to schools on the checklist of Dubai's luxury property purchasers.
"The majority of high-end purchasers are also interested in the property's exclusivity and the extra perks of living in a very desirable neighbourhood with numerous amenities that match the lifestyle they are used to abroad and elsewhere,"he explains.
MORE DETAILS ON THE DUBAI VILLA
The sellers constructed the residence from the ground up and planned it with meticulous attention to detail. The Garden Home with views of the sunset features a modern design and neutral hues. The unique open-plan living room is contemporary and spacious, with a wonderful transition to the outdoors and breathtaking sea views. Automated guillotine windows are meant to provide seamless indoor/outdoor living, and pocket doors can be used to close off the living and dining areas when necessary. All of the villa's furnishings are of Italian origin, with items from high-end manufacturers such as Minotti, Flexform, Poliform, Paola Lenti, and Poltrona Frau flown in from their respective design studios. The residence also has an infinity pool with a swim jet and access to three kilometres of great coastline.
The whole residence is automated with high-end smart home technologies and security systems. The terraced exterior provides enough space for lounging or eating al fresco, as well as a rooftop jacuzzi that overlooks the private beaches and magnificent Atlantis vistas.
LUXHABITAT Sotheby's International Realty
LUXHABITAT Sotheby's International Realty, with headquarters in Dubai, specialises in residential and commercial luxury sales and leasing, luxury property management, institutional investments, and luxury project projects throughout the UAE and abroad. LUXHABITAT Sotheby's International Realty represents the marketing and sales cooperation between Sotheby's International Realty brand and LUXHABITAT, a design-driven real estate marketing and technology firm, across the whole GCC area. Together, they are now the largest and most powerful platform for promoting and selling luxury real estate in Dubai, making them the leading luxury real estate brokerage on the market today. They are committed to locating the finest properties in prestigious residential areas, including Emirates Hills, Palm Jumeirah, Al Barari, Jumeirah Islands, Jumeirah Golf Estates, Meadows, Lakes, and Arabian Ranches, as well as the finest apartments and penthouses in prestigious buildings, including Le Reve, Index Tower, Six Towers, Burj Khalifa, The Address Hotels, among others.
Visit their award-winning website at luxhabitat.ae for additional details.