The property is nestled in the Palm Jumeirah in Dubai, and has been termed as the most expensive property to be sold in Dubai in 2021.
A ten bedroomed, custom-built villa on Palm Jumeirah has been sold for record Dhs280m ($76.2m). The previous long-standing record - of Dhs185m - has been unbeaten since 2015.
The project includes luxury villas, which are the largest, internally and externally, in the country, in addition to a distinctive architectural hill overlooking the beautiful landscape and vast green spaces, and views of the waterfront and the seashore.
The ValuStrat Price Index, which measures Dubai’s residential capital value performance, has revealed that the property prices surged 18.8 per cent annually and 1.2 per cent monthly.
This will ease the use of those parking spaces, increase convenience, enhance suitability and meet the needs of residents and their visitors, according to an ITC press release issued on Wednesday.
The Dubai property market has started the year 2022 on a high note, with the first quarter producing record-breaking numbers as the total transactions reached 19,009 by the end of March,
In August, Indian billionaire Mukesh Ambani's company, Reliance Industries, bought an $80 million (Dh294 million) beachfront villa in Dubai, the city's largest residential real estate deal ever.
Arada has unveiled its first project in Dubai with the launch of Jouri Hills at Jumeirah Golf Estates, a luxury villa collection in the heart of one of the Emirate’s most-sought-after residential
A husband filed a lawsuit against his ex-wife, demanding that she repay him Dhs1,757,000 the value of real estate installments which she bought with him before their divorce.