Luxury Villa in Dubai Islands Sells for Record Price

A luxury villa in Jumeirah Islands, Dubai, has set a new record, selling for Dh46 million. This marks the highest recorded sale for a property of its kind within the community, solidifying Jumeirah Islands' status as a top destination for high-net-worth buyers, according to Allsopp & Allsopp. The ready-to-occupy "Masterview" villa sits on a 15,808 square foot plot with a built-up area of 7,483 square feet.

The villa boasts five ensuite bedrooms, a sophisticated home automation system, and custom Italian furnishings. The deal was brokered by Jamal Tuzgani of Allsopp & Allsopp, who noted a significant shift in buyer demographics over the last few years. There's been a notable increase in wealth from Europe, including the UK, France, Germany, Netherlands, and Italy, alongside growing interest from Southeast Asia, specifically Singapore, China, and Russia. The villa was developed by Ambra Development.

This sale adds to a series of high-value property transactions in Dubai this year, including deals at Jumeira Bay, Dubai Islands, and Emirates Hills.