The villa on Palm Jumeirah is sold for 63 million dirhams, and the total cost since the beginning of the year on the island is 4.6 billion dirhams

A villa in Palm Jumeirah, inspired by the design of houses on the beach in Los Angeles, was sold for 63 million dirhams. This transaction became one of the largest in the Dubai real estate market in the second quarter of 2022. During the first four months, buyers from Europe were among the most active, especially in the elite segment of the market.

The villa is decorated in a modern style and decorated in neutral tones. It has a spacious open-plan living room with a beautiful transition to the street and sea views with a system of automatically controlled windows.

In 2022, Palm Jumeirah recorded sales totaling more than 4.6 billion dirhams, including one transaction worth 280 million dirhams, which is the most expensive residential sale transaction in Dubai. Currently, the most sought-after luxury real estate are houses designed in a modern/Mediterranean style, with a large plot and built-up area, as well as mega-mansions with views of the beach, golf course or park.

Elite villas, apartments and penthouses are in the greatest demand, as people living here like to enjoy the sun and nature as much as possible. Areas such as Palm Jumeirah, Emirates Hills and Dubai Hills are targeted at the 1% of the richest people in the world.