Dubai's ‘Billionaire's Island': Most expensive villa on Jumeirah Bay sold for Dh330 million
The sale surpasses the previous record of Dh240.5 million, reaffirming the rising value of Jumeirah Bay Island. Often referred to as 'Billionaire's Island,' this ultra-exclusive enclave has just 128 plots, attracting elite buyers seeking rarity, privacy, and a premier waterfront lifestyle.
The plot spans 26,895 sqft and occupies one of just three plots on the tip of the island. It is the only villa of the three that has uninterrupted views of the Burj Khalifa and Downtown skyline. The villa is encased in full-height glass walls and boasts 13-metre-high ceilings.
The home is built with exquisite materials, including Taj Mahal Quartzite, Patagonian marble, and walnut wood veneer. Other features include a beachfront infinity pool and a private stretch of white-sand beach.
The transaction was facilitated by Dubai Sotheby's International Realty associate directors Regan Faulkner and Ioana Armeanu, who represented the seller.
'This villa occupies the most sought-after location on Jumeirah Bay Island. With uninterrupted views of the Dubai skyline, a prime beachfront position, and total exclusivity, it is one of the rarest opportunities on the market. Jumeirah Bay Island remains the most coveted address in Dubai, with just 128 plots, and its desirability only continues to grow,' said Faulkner.
'The demand for bespoke, one-of-a-kind residences here has never been stronger, and this record-breaking sale on Jumeirah Bay Island is a testament to its enduring appeal. It was a privilege to represent such an incredible property and connect our client with the perfect buyer,' said Armeanu.
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Arabian Post
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- Arabian Post
I now hunt for winner ideas in global real estate!
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Arabian Business
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Besides, the pressure on increasing prices may also result in developers offering more attractive payment plans to maintain investor interest and enhance accessibility,' Syed said. The Springfield Properties chief executive also pointed out that Dubai's real estate market benefits from the region's advantageous tax structure. The GCC's general tariff rate of approximately 10 per cent is considerably lower than those of many established markets worldwide, he said, adding that historically, Dubai has capitalised on shifting economic conditions by offering a secure and attractive environment for capital preservation and growth.
