Dubai's Most Expensive Mansions are On A Man Made Island! Welcome to this video! Today we are going to talk about three extremely expensive mansions on the man made island in dubai! So stay tuned. According to a Bloomberg article that quoted the developer Alpago Properties, the most expensive house ever sold in Dubai was a Palm Jumeirah villa that sold in July for AED 302.5 million, or $82.35 million. Bloomberg says that the villa, which is called Casa Del Sole, is on Frond G of the Palm Jumeirah, an artificial island in Dubai that looks like a palm tree. On the Palm Jumeirah island, you can find mansions worth millions of dollars and some of Dubai's most luxurious hotels and resorts, like the St. Regis and the Waldorf Astoria.
Bloomberg says that Casa Del Sole isn't done being built yet, but the plan for the house calls for a total of eight bedrooms, 18 bathrooms, and a basement garage that can fit 15 cars. The villa and its features, such as a bowling alley and a home theatre, are expected to be ready in the early part of the year after this one.
The developer was asked by Bloomberg to say who the buyer was, but the developer refused. Insider asked Alpago Properties for a comment, but the company didn't answer right away.
After a good year in 2021, the market for luxury real estate in Dubai is exploding this year. Several real estate agents have told Insider in the past that there is a big rise in demand for luxury real estate in the city, especially for off-plan projects that won't be finished for months or even years.
On the other hand, there aren't many places to live in good areas. Knight Frank says that between 2023 and 2025, only eight brand-new homes are expected to be finished in the prestigious neighbourhoods of Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island.
Faisal Durrani, the head of Middle East Research at Knight Frank, released a report on August 17 saying that Dubai is very likely to set a new record for the sale of ultra-prime real estate this year. During the first half of 2022, 82 sales of ultra-prime real estate were made in the city. In 2021, on the other hand, there were 93 transactions for ultra-prime real estate, which was a record number. Ultra-prime properties are those that cost more than $10 million.
