The Most Expensive Houses in Palm Jumeirah

Have you ever heard about Palm Jumeirah? The island of Palm Jumeirah is one of the three artificial islands in Dubai. It is often called the Beverly Hills of the Middle East because most of the island is occupied by luxurious villas with private sandy beaches and incredibly expensive houses. Palm Jumeirah always features on lists of the areas with the most expensive real estate sales. Wealthy people are willing to pay tens of millions of dollars for a luxury life in Palm Jumeirah most expensive villas and the island has become as iconic as Dubai's skyscrapers. Read on to learn about the residential properties for sale on Palm Jumeirah in Dubai, and how much they cost.

• About Palm Jumeirah
• The Most Expensive Villas on the Island

About Palm Jumeirah

So, how the island of the most expensive homes in Dubai was created? The idea behind creating the man-made island of Palm Jumeirah was to extend Dubai's natural coastline, which is only 72 kilometres long. The emirate's government also wanted to attract as much foreign investment as possible to build this unusual and ambitious project.

Construction began in 2001 and faced various difficulties. For example, the desert sand was not good enough for the island's foundation, so soil had to be extracted from the bottom of the Persian Gulf. Then, the island had to be strengthened with special mechanisms which also ensured the circulation of water.

Built by land reclamation, the island consists of the palm trunk and 16 leaves surrounded by a crescent which serves as a breakwater. So, who lives on the Palm Jumeirah in Dubai? Today, the population of Palm Jumeirah is about 80,000 people. However, only millionaires can afford to live here, as housing is extremely expensive in Palm Jumeirah and prices for groceries, goods, and services are significantly higher than in other areas of Dubai. Luxury villas sit alongside the world's most expensive and luxurious hotels, for instance, Atlantis The Palm.

The Most Expensive Villas on the Island

Where are the most expensive houses in Dubai? Palm Jumeirah hits the top three areas in Dubai, along with Business Bay and Downtown, in terms of sales of luxury properties. Sales in Palm Jumeirah are the most expensive ones not only in Dubai, but also in the world. What is the most expensive house in Palm Jumeirah? For example, in the autumn of 2022, it was reported that Mukesh Ambani, an Indian tycoon, had bought a luxury villa in Palm Jumeirah for the record-breaking sum of $163,000,000. Details about the sale or the villa itself are not publicly available, other than that he bought the villa from a family of wealthy Kuwaiti businessmen. Interestingly, Mukesh Ambani, India’s wealthiest businessman, also owns the most expensive house in India. In fact, he owns the whole residential skyscraper where his family lives, along with 600 members of staff.

Let's discover another most expensive property in Dubai. Another record-breaking sale was also concluded in Palm Jumeirah in 2022. This time, the Casa Del Sole villa was sold for $82,358,000. Alpago Properties, one of the UAE's leading developers of luxury real estate, designed the project. How does the most expensive villa in Palm Jumeirah look like? The four-storey villa has eight bedrooms and 18 bathrooms. The panoramic windows offer spectacular views of the azure waters of the Persian Gulf. The villa boasts a kitchen equipped with all appliances, a laundry room, a pantry, several dressing rooms, and a lift. The owners can also enjoy a gym, a cinema, a bowling alley, a hot tub, hammam, and sauna. There is a swimming pool, a games room, a designated barbecue area, and an underground parking for 15 vehicles. The total area of this most luxurious house in Dubai is 3000 square metres with a landscaped garden outside.

What other expensive houses are there in Dubai? The sale of the White Villa "mega mansion" for $76,232,000 is the third-most expensive house in Palm Jumeirah. This custom-designed villa takes up an area of over 3000 square metres. The house features 10 bedrooms, several living rooms and walk-in wardrobes, a spa with a beauty parlour, a sauna, a steam room, and massage rooms. What else are there in the one of the most expensive mansions in Dubai? It also has a cinema, a wine cellar, both indoor and outdoor swimming pools, a rooftop terrace with a hot tub, and a 70-metre private beach. The interiors feature Italian marble from furniture brands like Giorgetti and Minotti.

In a Nutshell

In summary, this article tells about the biggest and the most luxurious houses in Dubai. The booming economy and flourishing real estate market of Dubai continue to attract the world's wealthiest people. According to Henley Global, about 4000 wealthy individuals moved to Dubai in 2022. Most of them prefer to live in high-end villas which guarantee privacy and emphasise their status. The villas in Palm Jumeirah are the most popular properties on Dubai's luxury real estate market and usually considered as the most expensive houses in the country.

Cover photo: Thomas Haas (Unsplash)