A Five-Bedroom oceanfront luxurious villa at the Six Senses Palm Jumeirah has been sold for a whopping price of Dh130 Million. This sale deal is amongst the top 10 most costly branded homes sold in the year 2024. Moreover, it’s the biggest sale of the year till date. The sale is clear indicator of the rising strength of Dubai’s off plan properties market and the improving growth of prime and most sought-after branded residential sector.
According to the CEO of Sotheby’s International Realty; George Azar, ”Super prime branded residences have become one of the driving forces in the global real estate market, attracting the attention of buyers in key cities like Miami, New York, and London.”
This luxurious property is one of the signature villas that features world-class branded fixtures, hand-selected Italian marble and ultra-modern and rich sustainable teakwood finishes, providing residents with unmatched access to the resort’s world-class facilities and individual services because it is fully-furbished and is run by Six Senses. This villa is expected to get completed by October 2025.
According to the Industry Data, the sales of the branded homes in Dubai are at an all-time high of Dh28.8 Billion in the first half of 2024 alone, and represents a surprising 12.6% of the city’s overall transaction value. This astonishing number indicates a 44% in the volume of branded home transactions year after year.
Source: Khaleejtimes
