December 17, 2024
Dubai has a lot of superlative super-prime properties, like the branded penthouses of Downtown Dubai and the custom-built villas on the Palm Jumeirah's fronds. Jumeirah Bay Island, which is located across the water on a seahorse-shaped island, is the most exclusive address in the emirate, but it is not Palm Jumeirah. Billionaire's Island is the moniker given to this coastal community because it has more billionaires than either Emirates Hills or Palm Jumeirah. The lavish property is 17,000 square feet in size and has amenities like a sauna, rooftop terrace, and basement pool. The most recent sale in the area was a luxurious villa on Jumeirah Bay Island, which sold for Dhs 175 million. The property has five luxurious bedrooms, a 25-meter lap pool in the basement, a gym, spa, sauna, steam room, and rooftop terrace. It is situated on a 15,000 square foot plot with a 17,500 square foot constructed area.
The real estate agents responsible for record breaking villa sale have done a tremendous job , Lina Allaoa and Kianoush Darban have further made their comments about the sale to media, "Selling the most expensive villa on Jumeirah Bay Island is a remarkable achievement and a testament to our expertise and dedication at Driven Properties," Lina Allaoa said in reference to the sale. Sea Mirror villas represent the height of luxury and are more than just a place to live. Kianoush Darban went on, "The tremendous demand for and quick sale of Sea Mirror villas demonstrate the attraction and potential for investment of this outstanding development. Being a part of the success of such a remarkable project makes us immensely proud.
Details of the Jumeirah Bay Island Villa
Size: 18,800 square feet
Features: The villa is a blend of luxury and minimalism, featuring a playroom, cinema, gym, office space, underground parking with an elevator, two primary suites, and staff accommodations.
Interior: The villa boasts custom-made furniture sourced from around the world.
Location: Strategically positioned on the seahorse-shaped Jumeirah Bay Island, known for its prime real estate and affluent community.
The Exclusive Lifestyle in Jumeirah Bay Island
Jumeirah Bay Island, which is connected to the mainland by a 300-meter bridge, provides a distinctive living environment that is completely private. Jumeirah Bay Island has only 128 villa plots and a small number of low-density Bulgari apartments, in contrast to Palm Jumeirah, which has thousands of plots. Because of its exclusivity, the real estate market is competitive and profitable, with supply and demand interacting in a well-balanced way.
Contemporary Architecture
The villa's architecture combines modernist style with artistically incorporated natural elements. Regarding the property's inspiration, the designers used aspects of our surroundings in the materials and textures they used to make the house come to life. The design combines modern aesthetics with elegant finishes in a sophisticated way.
Unique Features of the Most Expensive Villa
It's not always a sparkling thing to be opulent. Like this villa on Jumeirah Bay Island, the subtle art of luxury frequently makes less mean more. Interiors with minimalist magnolias radiate the tranquility of the beach, bathed in year-round skylight sunbeams. Greatness is in the details: in this instance, custom joinery and artwork are complemented by luxurious finishes from companies like Gessi and Brodware, showcasing thoughtful craftsmanship. The outstanding amenities in this 18,800-square-foot home are what make it unique. A veritable island getaway in the Arabian Gulf, it features a wine cellar, a movie theatre with an integrated theatre system, a top-notch gym, and a garage museum with a German car lift system. A digitally enabled lifestyle will be made more convenient by the user-friendly Loxone home automation system.
A combination of its seamless integration into the island's landscape, this Jumeirah Bay Island villa offers a magnificent indoor-outdoor space that is perfect for year-round enjoyment. A jacuzzi adds spa-like amenities to the private home, and a private infinity pool overlooks the beach and sea.
Other Important Attractions
The first Bulgari Marina & Yacht Club in the world is located on this Dubai Island, and it serves as the island's social hub. Residents have access to a library, a private members' club, a gorgeous outdoor pool, and excellent dining options, such as the Two-Michelin-starred Il Ristorante – Niko Romito. Many investors are drawn to Jumeirah Bay Island because of this ultra-exclusive atmosphere; for others, it's the allure of excellent social interactions and the opportunity to network with a select, like-minded group of people.
The Sea Mirror project is a residential community by the sea that was created by the Jacobsen Arquitetura firm. The limited edition of classic and iconic homes was designed by Patricia Urquiola, an interior designer, and internationally recognised architects Jacobsen Arquitetura and Studio MK27. Lamar Development is getting ready to open "Sea Mirror Residences" on Dubai Water Canal, next to the Four Seasons Residences, building on the success of Sea Mirror.
The Boom of Dubai Real Estate
The strong luxury real estate market in Dubai, which has experienced unheard-of growth since the pandemic, is highlighted by this sale. Over 105 homes worth $10 million or more were sold in just three months, making Dubai the world leader in super-prime real estate transactions in the first quarter of 2024 alone. The CEO and chairman of Dubai and Saudi Arabia Sotheby's International Realty, George Azar, commended the collaboration between the two companies, saying it played a key role in completing this high-value deal. He emphasized how the global network links wealthy people with upscale real estate across the globe.
The Expanding Reach of Sotheby's International Realty
This sale is a component of Sotheby's International Realty's larger expansion plan. The real estate company has quickly gained a sizable market share in upscale project developments since its founding one and a half years ago, especially in major cities like Dubai and London.
The record-breaking deal of the villas in Jumeirah Bay Island has opened tremendous opportunities for the future potential investors who are interested in the luxury real estate making Dubai as an attraction among the Global market. The demand for the branded properties has been increasing and the developers are catering to this increased demand by providing various alternatives in luxury and ultra-luxury projects.
