Connect with us

United Arab Emirates

Palm Jumeirah villa sold for Dh280m

Published

on

Dubai-property

A new 10-bedroom custom-built villa on the Palm Jumeirah has been sold for a record Dh280 million in Dubai, the emirate where records are broken almost every other day.

The stylish contemporary white villa features an enormous 33,000sq ft, state-of-the-art living space, seven-star spa hotel facilities (including a gym and a hair salon), and imported and handpicked book-matched Italian marble. The property is furnished by uber-lux Italian furniture houses Giorgetti and Minotti and boasts more than 70 metres of private beachfront.

While the details of the exact date of the deal being sealed in ink are unknown yet, the development comes in the first week since the first quarter of 2022 closed on a very strong note.

According to a Kingsley Properties report, quoting Dubai Land Department figures, property sales hit the 22.55 billion mark in transaction volume for the month of March 2022, almost two years since the start to the Covid19 pandemic.

dubai-villa

Among a total of 172 localities that witnessed buying in off-plan and completed properties last month, Palm Jumeirah led the pile with the most concentrated interest among buyers.

Real estate platform propertymonitor.com verified that the sale of this Palm Jumeirah villa sets a new record for the highest value residential villa sale in Dubai.

“To see a transaction of this magnitude illustrates the ongoing strength of Dubai’s property market, particularly in the ultra-high-end segment. The transaction not only beats Dubai’s previous record but closes the gap between Dubai’s luxury market and those of leading global cities such as London, New York, and Hong Kong,” said Zhann Jochinke, chief operating officer of Property Monitor.

Visa reforms, rising population, market situations worldwide and changing geopolitics leading the world’s rich and famous to head to Dubai are some of the reasons cited by the Kingsley report as reasons for the upward trajectory in Dubai’s real estate.

The luxury property market in the emirate had also witnessed steady growth in 2021 with prices increasing an estimated 21 per cent within the first 10 months of the year and over Dh135 billion worth of transactions occurring between January and November 2021.

dubai-villa-new

Palm Jumeirah has always been at the forefront among upscale communities in Dubai, with one triplex penthouse selling for Dh180 million in 2021.

According to a Berkshire Hathway survey of property professionals in the region last month, nearly 80 percent are confident that the trend will continue to grow for the rest of the year.

The Dh280m villa deal only goes on to confirm that.

News

UAE Marks International Women’s Day with game-changing empowerment moves

Published

on

The UAE is marking International Women’s Day today (March 8) with a powerful statement – women’s empowerment is moving full speed ahead.

From smashing global gender rankings to securing top government roles, Emirati women are taking centre stage in the country’s unstoppable progress.

Breaking Barriers and Making History

The UAE has skyrocketed to 7th place globally in the 2024 Gender Inequality Index (GII), issued by the United Nations Development Programme (UNDP), securing its spot as the top performer in the region.

And that’s not all – the government is putting women in key leadership positions, with the recent appointment of Sana bint Mohammed Suhail as Minister of Family under the newly established Ministry of Family.

Women’s health is also getting a major boost with the launch of the National Policy for the Promotion of Women’s Health, ensuring top-quality healthcare for women across all stages of life.

Boardrooms, Business and Beyond

In a game-changing move for women in business, the Ministry of Economy now requires private joint-stock companies to have at least one woman on their board of directors – a huge win for gender equality in corporate leadership!

Meanwhile, the General Women’s Union has rolled out the Women’s Economic Empowerment Programme, giving young female entrepreneurs and business owners the tools they need to thrive in the UAE’s booming economy.

Women at the Forefront of Global Change

The UAE isn’t just focusing on local success – it’s shaping the global conversation on women’s rights.

Last year, the country co-authored a historic UN resolution with the UK, ensuring equal access to education for girls worldwide. It’s also one of the biggest donors to UN Women, contributing a whopping $46 million to support women’s initiatives across the globe.

When it comes to peace and security, the UAE is leading the charge. During its 2022-2023 tenure on the UN Security Council, the country pushed for greater female representation in peacekeeping and conflict resolution.

Plus, the Sheikha Fatima bint Mubarak Initiative for Women, Peace, and Security has already trained hundreds of female cadets from the Arab region, Africa, and Asia, ensuring women have a powerful role in global security.

A Future Powered by Women

Since its founding, the UAE has made huge strides in gender equality – from equal pay laws to women holding half of the seats in the Federal National Council. And with its unstoppable drive, the future is looking brighter than ever for Emirati women.

(Source: Wam)

Continue Reading

Sports

ICC Championship trophy final: What if weather plays spoilsport for New Zealand, India match?

Published

on

With rain disrupting multiple matches in the ICC Champions Trophy 2025, all eyes are on the weather as India and New Zealand prepare for the March 9 final in Dubai. While Pakistan saw three washouts, Dubai has remained dry so far—but could that change on the big day?

What’s the weather forecast?

According to the National Center of Meteorology (NCM), there will be a change in the weather, as temperatures are expected to decrease over some western coastal areas, on Sunday and Monday, March 9 and 10. Some coastal, western and island areas can expect light rainfall on Sunday and Monday.

What happens if rain interrupts play?

If bad weather halts play on March 9, the ICC has scheduled a Reserve Day (March 10). Any match stoppages will see play resume from where it left off.

What if the rain washes out both days?

Unlike the semifinals — where the higher-placed group team advanced—the final cannot be decided this way. If no play is possible on both days, India and New Zealand will share the trophy.

Fans, however, are hoping for clear skies. Team Indian and the Black Caps last clashed for the white-ball tournament final in 2000 when Champions Trophy was called the ICC Knockout Trophy. New Zealand claimed their first ICC title with a four-wicket win over India.

(Source: TOI, Mint)

Continue Reading

Crime

Major drug bust in UAE: 184kg of narcotics seized, smugglers caught red-handed

Published

on

Abu Dhabi Police have seized 184 kg of hashish and arrested two Asian individuals in a major anti-drug operation codenamed ‘Secret Hideouts’.

Brigadier Taher Gharib Al Dhaheri, Director of the Anti-Narcotics Directorate, revealed that the criminal network was being run by an individual based outside the UAE, using international phone numbers to promote illicit substances.

The suspects were caught red-handed in one of the emirates, with the drugs cleverly hidden inside marble cylinders to evade detection. They have now been handed over to judicial authorities for prosecution.

This latest crackdown underscores Abu Dhabi Police’s relentless efforts to combat drug trafficking and protect the community from illegal substances.

(Source: Wam)

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/