$12.5 Million Villa Sale Sets New Record in Dubai’s Jumeirah Islands

A masterview villa in Dubai's prestigious Jumeirah Islands has been sold for approximately $12.5 million (AED 46 million), establishing a new record for the community. The sale underscores the area's growing appeal among ultra-high-net-worth individuals seeking exclusivity and luxury living.

Prime Location and Luxurious Features

The villa, located in the sought-after Masterview cluster, boasts expansive living spaces and high-end finishes. Its strategic positioning offers panoramic views of the surrounding lakes and lush greenery, enhancing its desirability. The property features state-of-the-art amenities, including a private pool, landscaped gardens, and bespoke interiors, aligning with the expectations of discerning buyers.

Record Sale Highlights Market Trends

This transaction marks the highest recorded sale for a villa of its kind in Jumeirah Islands, surpassing previous benchmarks. The sale reflects the increasing demand for luxury properties in Dubai's prime residential neighborhoods. Jumeirah Islands has accounted for a significant portion of high-value transactions in recent years, solidifying its status as a premier location for affluent buyers.

Insights from Real Estate Experts

Will McKintosh, Regional Partner and Head of Residential for MENA at Knight Frank, commented, “Dubai is no longer an emerging market; it has emerged. The growing list of prime residential neighborhoods is a testament to the city's maturity in the luxury real estate sector.”

Faisal Durrani, Partner and Head of Research for MENA at Knight Frank, added, “The demand for properties in Jumeirah Islands continues to rise, with buyers not only paying record prices but also investing significantly in refurbishments, indicating a long-term commitment to the area.”

Community Appeal and Lifestyle

Jumeirah Islands, developed by Nakheel Properties, is renowned for its tranquil environment, scenic views, and a range of recreational facilities. The community comprises 50 islands, each offering a unique architectural style, including Islamic, Mediterranean, and European influences. Residents enjoy access to parks, lakes, and leisure amenities, contributing to a high quality of life.

The $12.5 million (AED 46 million) villa sale in Jumeirah Islands not only sets a new record but also highlights the area's enduring appeal in Dubai's competitive luxury real estate market. As demand for exclusive properties continues to grow, Jumeirah Islands remains a coveted destination for those seeking unparalleled luxury and a distinguished lifestyle.