A six-bedroom villa on Jumeirah Bay Island has been sold for a record $65.5 million, setting a new benchmark in Dubai’s luxury property market.
Announced by Dubai Sotheby’s International Realty, this sale surpasses the previous island record by nearly $18 million.
The 18,000 square-foot beachfront villa boasts extensive luxury amenities including a 20-meter lap pool, state-of-the-art gym, spa, cinema, and spacious rooftop.
The sale, which was a collaborative effort between Dubai and Saudi Arabia Sotheby’s International Realty, underscores the island’s popularity among the ultra-wealthy, known colloquially as “billionaire’s island.”
“This record-breaking sale is a testament to the synergy within our international network and the unparalleled appeal of Jumeirah Bay Island as a premier luxury destination,” said Erick Knaider, Managing Partner of Saudi Arabia Sotheby’s International Realty.
He emphasized the island’s unique seahorse-shaped shoreline and exclusive amenities as key factors attracting high-net-worth buyers.
The sale comes at a time when Dubai is expected to experience the strongest growth in prime residential property values globally in 2024, according to a recent Savills report.
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