Dubai’s Jumeirah Bay, also known as ‘Billionaire’s Island,’ has set a new record with the sale of a six-bedroom villa for Dh240.5 million. This sale surpasses all previous records for the island, which has been a hotspot for luxury real estate.
The deal, managed by Dubai Sotheby’s International Realty, comes just weeks after another villa on the island sold for Dh175 million. In recent years, Jumeira Bay has consistently attracted high-net-worth investors, further establishing its reputation.
Erick Knaider, Managing Partner of Saudi Arabia Sotheby’s International Realty, highlighted the island’s unique seahorse-shaped shoreline and exclusive amenities as key attractions for buyers.
This record-breaking sale is a strong indicator of the continued growth and interest in Dubai’s luxury property market, setting a positive tone for the second half of 2024. According to estate agents, both off-plan and ready properties are seeing more Dh100 million deals, showcasing the robust demand in Dubai real estate.
