Dubai Palace overlooking the sea sold for 63 million dirhams


A European buyer bought a Los Angeles-style beach house in Dubai this week for 63 million dirhams (US$17.15 million), according to the listing agency.

Located on the northern fring of the artificial archipelago on Palm Jumeirah, the 8,600-square-foot lot features all the hallmarks of the California lifestyle: window walls, seamless indoor and outdoor living and an infinity-edge pool overlooking the water, according to the listing with LUXHABITAT Sotheby’s International Realty.

Once you get to the doorstep, you can already see the pool and sea views through the door holes,” the seller—who identified herself only by her first name, Sahar—said in a statement.

Sahar and her husband built the house from scratch a few years after moving to Dubai in 2010. It is not clear how much they paid for the base property.

The five-bedroom mansion also features an open-plan layout with pocket doors to create more intimacy in the dining and living rooms, a neutral color scheme and furnishings imported from Italian design studios such as Minotti, Paola Lenti, and Poltrona Frau, according to the listing. The chef’s kitchen offers commercial-grade appliances and marble finishes, and the entire home, including security, can be controlled by a smart appliance.

The residence also has access to nearly two miles of beach frontage, with a balcony that overlooks the water and offers sunset views, as well as an outdoor dining area and rooftop spa.

“It is very difficult to find homes of this caliber in the Dubai market right now due to the limited supply of offerings like this, as well as the influx of luxury property buyers who are looking for exactly this type of quality home,” said Kunal Singh, Associate Director of LUXHABITAT Sotheby’s International Realty, in a statement. “The house was presented in absolutely good condition – and the buyers took good notice and fell in love with it almost immediately.”

The buyer was a European executive who had recently moved to Dubai with his family, according to Mr. Singh, who represented the seller and buyer in the transaction.

More than 4.6 billion dirhams in sales have been recorded during the year in the city so far, with 57 villa deals worth 1.59 billion dirhams, Sotheby’s said, using data from the Dubai Land Department.

“The most in-demand luxury homes now are those designed in a modern or Mediterranean style, with a larger plot and built-up area, as well as mega mansions overlooking the beach, golf course or park,” Singh said. “Superior quality villas, apartments and penthouses are most in demand, as the people who live here love to enjoy the sun and enjoy the outdoors as much as possible.”

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