The Most Expensive Land Deals And Per-Square-Foot Prices Have Been In An Upscale Island Community.
A townhouse sold for Dh35.5 million in Dubai Jumeirah Bay. As one of the most prestigious locations, Jumeirah Bay has always been the center of attention for investors. Due to this, it might be the most expensive townhouse ever sold in the city.
A plot in the Villa Amalfi development on Jumeira Bay recently sold for DH70 Million. Moreover, a three-bedroom apartment at the Bulgari Resort and Residencies sold in DH12624 per sq. ft. The property is a part of this development. According to a senior with Driven Properties, this amounts to the “highest recorded cost per sq. ft. in Dubai’s history.”
Jumeira Bay has outperformed every neighborhood in Dubai in terms of cost growth over the past two years. In addition, it has emerged as one of the most sought-after locations for ultra-high net worth individuals, according to Abdullah Alajaji from, Driven Properties. Which sold the townhouse that set the record price. “Sea Mirror, our project on the island, was a success and sold out. Because, there is a huge demand for other properties there, particularly Bulgari Residences and Villa Amalfi.”
The Bulgari Resort, Marina, and Yacht Club can reach on foot from the Villa Amalfi townhouse neighborhood. Which is constructed around a private park.