A European Buyer Looking For A Home In Dubai For His Family Purchased The High-End Property At Palm Jumeirah.

The media has once more focused on Palm Jumeirah after another expensive villa sold for Dh52 million. A European buyer, according per from Luxhabitat Sotheby’s International Realty, purchased a four-bedroom Raffles Royal Villa at the Palm. The property is a portion of the Raffles the Palm Dubai hotel. Which is located on the Palm Jumeirah Crescent and has a BUA of 12,404 sq. ft.

The villa, one of only five that are up for sale. That was created by Francesco Molon and features an interior in the Baroque style. Swarovski chandeliers with a massage room, a scrub room, and 24-carat gold leaves. In addition, a private spa, a hammam, a rooftop pool, and a jacuzzi are some of the design highlights.

“The house has four floors and a completely private elevator. The new owner will also have full access to the Raffles hotel’s amenities. Including the pool, gym, and a private beach with sand flown in from the Maldives. Upon purchasing the property “Sotheby’s International Realty, according to Luxhabitat.

The European buyer of the villa was looking for a home in Dubai for himself and his family. A ready villa that fully furnished and serviced was one of the requirements, according to Luxhabitat Sotheby’s International Realty. Who handled the transaction for the property.

This year, demand for luxury real estate in Dubai remained high because of investors’ renewed faith in the region’s expanding real estate market. A pricey penthouse at the Palm Jumeirah was put up for sale by Alpago Properties on Wednesday for Dh250 million.

According to recent media reports, Indian business tycoon Mukesh Ambani paid about Dh293 million for a villa in Palm Jumeirah for his son Anant. “The Raffles Royal Villa was the ideal choice for the buyer as he wants to enjoy a luxurious beach club lifestyle with Raffles service,” “said Hirzel.

“We have noticed a pattern where many UHNWIs are traveling to Dubai in search of this caliber of five-star service. From famous brand and want to move into a furnished home right away. One of the few developments in Dubai that meets this specific need and checks all the boxes is The Raffles Residences & Penthouses, the man said.