On the illustrious man-made Jumeirah Bay Island, often referred to as “Billionaires’ Island” for its enclave of affluent denizens and remarkable property transactions, a six-bedroom villa has shattered records, fetching a staggering AED 240.5 million (US$65.47 million).
Engaged in an exclusive whisper campaign, the sprawling 18,800-square-foot residence now stands as the most opulent abode ever to trade hands within the island’s sea-inspired contours, an achievement facilitated by the astute team at Saudi Arabia Sotheby’s International Realty.
Branded as a “pocket listing” by Erick Knaider, the managing partner at the helm of the brokerage, the villa basked in a discreet aura, absent from public marketing channels. “Such is the stature of the property that traditional promotional tactics were deemed superfluous,” Knaider remarks.
Architecturally, the villa unfurls over 18,800 square feet of meticulously assembled grandeur.
The visionaries who morphed the estate from concept to cornerstone had originally envisioned the structure as a private sanctuary tailored to their individualistic style—a heritage clearly imbued in the strikingly personalized and opulent residential work of art they erected.
Details of the transaction’s protagonists remain veiled in privacy, as preferred by the parties, who celebrated the sale’s consummation on the cusp of the weekend.
The interior of the home exudes a chic luxury bohemian ethos, harmoniously integrated with its environment, espousing minimalistic elegance yet echoing the potential for personalized augmentation by the new custodians.
“It’s a testament to luxury embodied, furnished with a symphony of world-class amenities—a veritable orchestration of residential exquisiteness,” Knaider elucidates.
Included in the house’s bounty are a medley of recreational and functional domains: a playroom to foster the joys of youth; a cinematic sanctuary; a gym for the health-conscious; a subterranean parking lift; a versatile office space; a duet of master suites; and quarters dedicated to the domicile’s stewards.
Equally noteworthy, the residence’s array of furnishings have been meticulously curated, with bespoke pieces gathered from across the globe to uphold the villa’s unique character.
Dubai’s upper echelon of the property market has been ablaze since the onset of the pandemic, setting new benchmarks and witnessing a significant swell in premium property valuations.
As the year embarked on its first quarter, the metropolis distinguished itself as the globe’s haven for super-prime property acquisitions, with an impressive selection of 105 residences each valued at the US$10 million echelon exchanging ownership.
