{"id":8746,"date":"2022-04-15T09:52:24","date_gmt":"2022-04-15T05:52:24","guid":{"rendered":"https:\/\/keyonerealtygroup.com\/blog\/?p=8746"},"modified":"2025-08-21T10:34:50","modified_gmt":"2025-08-21T06:34:50","slug":"dubai-most-expensive-property-sold-for-aed-280-million","status":"publish","type":"post","link":"https:\/\/www.keyone.com\/blog\/dubai-most-expensive-property-sold-for-aed-280-million\/","title":{"rendered":"Dubai\u2019s most expensive property sold for AED 280 Million (USD 76M)"},"content":{"rendered":"\n

A custom-built mega-mansion now holds the record for Dubai\u2019s most expensive property sold for AED 280 million. The sale price of the mansion was about 33% more than the previous record set in 2015 of AED 185 million.<\/p>\n\n\n\n

According to Property Monitor, seeing a transaction of this magnitude only illustrates further the ongoing strength of Dubai\u2019s property market – specifically the ultra-high-end segment. The transaction not only beats Dubai\u2019s previous record but also closes the gap between Dubai\u2019s luxury market and those of London, New York, and Hong Kong.<\/p>\n\n\n\n

\"mega-mansion<\/figure>\n\n\n\n

Dubai’s most expensive property<\/h2>\n\n\n\n

According to the agent that brokered the deal, the mega-mansion is only one of few residences on Palm Jumeirah measuring more than 33,000 sq. ft., requiring two side-by-side signature villa plots. Similarly, It is also the only villa on the Palm that offers an indoor swimming pool.<\/p>\n\n\n\n

\"mega-mansion<\/figure>\n\n\n\n

Amenities of the mansion include a huge rooftop terrace, a rooftop hot tub, a wine cave, a cinema, an aquarium, a gym, seven-star spa facilities, and 10 bedroom suites. Located on the north frond, the villa \u2013 which has double-height ceilings and walls, has the perfect view of the water and the city alike.<\/p>\n\n\n\n

Italian furniture houses like Giorgetti and Minotti can be found throughout the residence. Marble is also replete in the spa area where a hair salon, sauna, steam, and massage rooms can be found.<\/p>\n\n\n\n

Dubai Property Market<\/h2>\n\n\n\n

According to the agent, \u201cDubai has experienced a robust market since the beginning of the Covid-19 pandemic, and there were more sales of homes priced above $10 million in the first quarter of 2022 than any other year since 2015.<\/p>\n\n\n\n

Part of the strength of the market can be attributed to the government\u2019s response to the virus.<\/p>\n\n\n\n

While we experienced a very strict lockdown, within six weeks Dubai had one of the most comprehensive testing infrastructures globally, allowing life to return to normal almost immediately.<\/p>\n\n\n\n

Within 12 months, 89.7% of the population was vaccinated. This response saw an influx of high-net-worth individuals from overseas. Combine that with an already undervalued property market and the result is the explosive growth we witnessed last year.\u201d<\/p>\n\n\n\n

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