Ground-breaking Record in Dubai’s Real Estate: Sale of 6 BR Villa on Jumeirah Bay Island for a Whopping AED240.5 million

The 6 – Bedroom Villa in Jumeirah Bay Island has set a ground-breaking record, surpassing the past sales records. This new sales record for a luxurious 6 BR villa on Jumeirah Bay Island was announced by Dubai’s Sotheby’s International Realty.

It is the latest sales record in the Dubai Real Estate Market for a whopping value of AED 240.5 Million ($65.5 Million). This villa was sold by Sotheby’s International Realty. Not only they achieved the higher transaction price on the island till date, but also broke all the previous sales records by a high margin.

The previous sales deal was set at AED175 Million i.e. $47.6 Million and took place earlier in the month of June. The Villa spans around 18,000 Sq.ft. and offers breathtaking beachfront views. It also features a 20-meter lap pool, a spacious gymnasium, a relaxing spa, state-of-the-art cinema, large rooftop, and dedicated staff quarters.

The person who bought this villa is still unknown. However, the sale facilitated through a collaboration between Dubai and Saudi Arabia’s Sotheby’s international Realty. According to Erick Knaider, The Managing Partner of Saudi Arabia Sotheby’s International Realty, “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. The island’s unique seahorse-shaped shoreline, coupled with its exclusive amenities, make it an irresistible location for ultra-high-net-worth individuals.”

Jumeirah Bay Island, also known as Billionaires Island is a 6 Million square foot man-made island located off the cost of Jumeirah. It is a mixed-use development boasting Bulgari Resort and Residences and Villas with Private pools and Butlers. This island is best-suited for high-net-worth individuals who want to build their dream home in Dubai.

Source: Arabianbusiness