Palm Jumeirah is a man-made island in the heart of Dubai. Some people called it a gem in the heart of the city. There is no surprise as it opens a 360-degree view of the spectacular crystal-blue waters of the Persian Gulf and the panorama of the city. Such an impressive area provides only ultra stylish apartments featuring chic and richness. Villas in Palm Jumeirah in 2022 are in high demand among foreigners who are eager to pay comprehensive sums of money. The area is home to some of the most expensive villas ever sold in the emirate, and experts say the “billionaires’ street” on the Palm will be better than similarly famous streets in London and New York. This status among the ultra-rich buyers has won one of the branches of the legendary Palm Jumeirah, namely Frond G, one of the shortest on the Palm, becomes the most sought-after when it comes to record sales of luxury real estate in recent times.
The Most Expensive Villa Ever Sold In Dubai
One of the most famous streets in Palm Jumeirah got extreme popularity. Intentionally or not, the developers built the most expensive housing options on one street. Now the billionaires` street represents a wide selection of villas at sky-rising prices. October 3 is an important date when the signature villa created by Alpago Properties sold for a staggering AED 302.5 million (US$ 82.36 million), surpassing the previous record of AED 280 million (US$ 76.23 million). The ultra-luxurious four-story, eight-bedroom villa has an interior area of about 2,322 square meters. At the same time, according to the developer, the “street of billionaires” in Dubai offers much better value for money than its namesakes in London and New York.
The Amenities Offered By Stylish Villas
Considering the high costs of villas in Palm Jumeirah, one must ask a question: What special do I get investing in such a costly house? The question is reasonable and requires a detailed answer. The first thing to know is that the branch Frond G is developed entirely to order. The developers included all their creativity and limitless ambitions into customized villas. So, purchasing a spacious villa on the billionaires` street you get:
- Footage of more than 700 square meters with the additional territory of the plat
- Furniture from international brands, such as Cinq Mondes, Francesco Molon, Loris Zanca and others
- Private beach with white sand and cobalt-blue waters
- 24hours security across the whole territory
- A number of luxurious bedrooms
- Separate maid and driver’s quarters
- Spacious living and dining rooms
- A fully equipped kitchen
- Several expansive terraces and balconies
- A Jacuzzi and a private spa with separate entrance, hammam, boudoir and two massage tables.
The above-mentioned list does not include the whole number of amenities available as they can vary.
Live Or Invest In The Billionaires` Street
So, it is obvious that some of the villas on this street in Palm Jumeirah can be purchased only by super rich people. The average price of more than AED 100,000,000 ($28 million) for a villa is a comprehensive sum to cover. But do the billionaires really live there or they just invest and make a good profit? The chairman of the Alpago Group Ridwan Ayildiz supports the idea that such breathtaking masterpieces of modern architecture are owned by rich businessmen. However, he refuses to reveal their names and nationalities. The media previously reported that Indian industrialist Mukesh Ambani, one of the richest men in the world, bought a villa at Palm Jumeirah for about US$80 million (AED 293 million). He bought the ultra-luxury villa for his son Anant. After the record-breaking AED 300 million deal, Mackay said: “With that kind of real estate value, it’s safe to say that the branch and the street live up to its name.”
Real Estate Agency To Address In Palm Jumeirah
Palm Jumeirah in Dubai gives equal opportunities for each property buyer. Together with a trusted agency Ax Capital, you can choose an appropriate villa at an affordable price and become a neighbor of a millionaire. Do not wait to contact a professional team and obtain an unforgettable experience of joining the luxury real estate industry.