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Dubai’s Luxury Property Market Reaches New Heights: Off-Plan Villa Sold For Dh125 Million in Jumeirah Bay

Posted by cafedetech on September 24, 2024
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Dubai’s luxury real estate continues to expand. In a recent development, an off-plan villa in Jumeirah Bay Island has been sold. This 15,000 square ft. property has been sold out for a whopping DH125 million. Given its value, it is deemed the most expensive off-plan villa property sale in this ongoing year.

This is a 5-bedroom off-plan villa deal. The villa will be handed over in early 2026. A European UHNWI has purchased this property. This property might be used as a family residence and a home office. 

It is located at Sea Mirror in Jumeirah Bay. Sea Mirror offers a collection of 18 private properties. Jacobsen Arquitetura and Studio MK24 have designed these lavish villas and the interiors were designed by Patricia Urquiola. These are ultra-luxury developments that are laced with world-class amenities and expensive interiors and outdoor spaces.

Indeed, it is a record-breaking transaction. It highlights Dubai’s real estate investment potential and the propensity of the world’s elites. It also accentuates the status of Dubai as a global leader in luxury real estate. Dubai has earned a decent reputation because of its landmark developments, luxury properties, incomparable lifestyle and world-class infrastructure.

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