The property market in the United Arab Emirates continues to attract foreign investors. More than 86,000 property deals were finalised in 2022 for a total amount of 208 billion AED ($56.6 billion).
Villas and mansions are in great demand in the UAE. Read on to learn more about the most expensive villas that were sold or are on sale in the UAE.
Record-Breaking Villas
There is not enough luxury property in the UAE to satisfy demand and so prices continue to rise. Prices grew by almost 5% in the first half of 2022 and in the spring of the same year, Connor McKay, a millionaire broker, hit the news after selling the most expensive villa in Dubai for 280 million AED ($76.2 million). This buys the owner a total area of 3000 square metres, 10 bedrooms and a 79-metre private beach. With this sale, McKay broke his own record set in 2015 when he sold a villa for 185 million AED ($50.3 million).
However, his new record only lasted until later in the same year, when the Casa Del Sole villa sold for 302 million AED ($82.2 million). Designed and built by Alpago Properties, the biggest villa in Dubai is located on Billionaires' Row on the island of Palm Jumeirah. Alpago Properties is expected to complete the project by 2025 and these villas will sell for record prices.
Casa Del Sole. Render: Alpago Properties
A Mansion on Palm Jumeirah for $68,000,000
You can find this villa on the man-made island of Palm Jumeirah near the Atlantis Hotel. It is conveniently located near the Pointe luxury waterfront district, entertainment facilities in Dubai Marina, and Jumeirah Beach Residence. You can easily get from this villa to the best restaurants on the island.
Photo by Belleview Real Estate
The total floor area is more than 3300 square metres. There are 10 bedrooms in the mansion and the property boasts a panoramic pool, a gym, a sauna and a hammam. The staff have their own rooms. Up to 10 vehicles can be left in the garage.
Photo by Belleview Real Estate
A Villa in Emirates Hills for $61,000,000
The XLV Residence villa was designed by DSA Architects International and covers a total area of 4629 square metres.
The XLV Residence. Render: opr.ae
It features a large lobby, several sitting areas, a kitchen, a private cinema, a game room and a gym. The windows overlook a golf course. All seven bedrooms in the mansion have a bathroom, designer furniture and the latest appliances. The master bedroom boasts a walk-in closet, a bathroom with a hot tub and a rain shower.
The property features a large lobby, several seating areas, a kitchen, a private cinema, a game room and a gym. The mansion overlooks a golf course and all seven bedrooms have a bathroom, designer furniture and the latest appliances. The master bedroom boasts a walk-in wardrobe, a bathroom with a hot tub and a rain shower.
The XLV Residence. Render: opr.ae
What makes The XLV Residence really special is the open-air space on the roof. Here you’ll find a pool, a hot tub, and an open kitchen with a dining area big enough to have a family gathering or a dinner party.
In addition, the villa is equipped with a smart home system, a private lift and parking.
A Villa on Palm Jumeirah for $34,000,000
In March 2022, B1 Properties, a well-known real estate company in the UAE, sold the Framed Allure villa in Dubai for $34,000,000.
Framed Allure. Render: alpagoproperties.com
Designed by Emre Arolat, the 3-storey mansion has a floor area of 2300 square metres. The house has seven bedrooms, each with a bathroom. You can move between the floors either by taking the white marble stairs or a private lift. A cinema and a gym are some of the facilities available.
Framed Allure. Render: alpagoproperties.com
Framed Allure has a surrounding garden with an outdoor swimming pool and lounge areas, where the whole family can spend time together or with guests. A private beach and a nightclub are just a few minutes’ walk from the villa.
Framed Allure. Render: alpagoproperties.com
A Villa in Al Jaddaf for $46,500,000
Built by The Ritz-Carlton Mansion, the villa is located on the coast of Dubai Creek. Owners can enjoy panoramic views of the city and the embankment.
Render: the-ritz-carlton-residences.com
The 4025 square metre villa has eight bedrooms, several bathrooms and a terrace. There is also a laundry room, a wine cellar, a bar, a cinema, and staff rooms.
Render: the-ritz-carlton-residences.com
A Villa on Palm Jumeirah for $32,000,000
ONE 100 Palm is a mansion on Palm Jumeirah on the coast of the Persian Gulf. It is one of the most expensive villas in Dubai, costing $32,000,000.
ONE 100 Palm. Render: wallstreetluxury-europe.com
The 1300 square metre villa has six bedrooms, two of which are suites with terraces overlooking the ocean. ONE 100 Palm features a private beach, an open-air terrace, a cinema, a gym, a spa, and a pool.
ONE 100 Palm. Render: wallstreetluxury-europe.com
The interiors are full of Italian marble and custom-made wooden furniture. The smart home system installed here allows you to control the lighting and temperature throughout the villa.
A Villa on Palm Jumeirah for $32,500,000
XXII Carat is another complex built on the man-made island. The name refers to the 22-carat gold leaf as there are 22 villas in this luxury complex. The Russian Forum Group is the developer of the project.
One of the most expensive properties in XXII Carat is a 2-storey Mediterranean-style villa with a total area of 1100 square metres. This villa has seven bedrooms with bathrooms and the floors are made of Italian marble, the chandeliers are custom-designed and the doorknobs are gilded.
XXII Carat. Photo by 22carat.ae
The owners of the villa also get a 2000 square metre private beach with an outdoor heated pool and a spectacular garden with palm trees and ferns.
XXII Carat. Photo by 22carat.ae
In a Nutshell
The UAE's luxury real estate market is growing each month and continues to boom. Developers have resumed work on projects that were put on hold due to the 2008 financial crisis. The demand for high-end villas is expected to increase enormously. The UAE's strong economy, as well as its investment potential and current world events, contribute greatly to this process.
Most expensive villas in Dubai: Casa Del Sole villa, XLV Residence villa, Framed Allure villa
Palm Jumeirah most expensive villa: Casa Del Sole (sold for $82.2 million)
Most expensive house in UAE: Marble Palace (listed for $204 million)
Most luxurious house in Dubai: Casa Del Sole, XLV Residence, Framed Allure
Cover photo: the-ritz-carlton-residences.com