Lifestyle
Villa property goes for 63m in Dubai’s Palm Jumeirah
Luxhabitat Sotheby’s International Realty has announced that it has closed a deal for an LA-inspired beach mansion on the Palm Jumeirah at AED63 million ($17.1 million).
Although the brokers touted it as a property “extremely hard to find”, the deal is nowhere close to the beachfront villa on Palm Jumeirah that sold for a record 280m in the first week of April.
Spanning 8,600 sq ft with its coveted location on N Frond, the five-bedroom Garden home’s smart home technology, excellent condition and bespoke finishes made it a rare option in the market, it stated.
“Homes of this calibre are extremely hard to find in the Dubai market now due to a limited supply of product offerings like these as well as an influx of luxury property buyers who are seeking exactly this type of quality home.
The home was presented in absolute mint condition – which went well noticed by the buyers and made them fall in love with it almost immediately,” remarked Kunal Singh Gupta, the Associate Director of Luxhabitat Sotheby’s International Realty who represented both buyer and seller in the transaction.
The European buyer purchased this Californian style beach house as an end-user who has recently moved to Dubai with his family.
Luxhabitat Sotheby’s International Realty has reported buyers of a similar profile in the recent past – many HNW / UHNW international buyers are being drawn to Dubai as home.
The Palm Jumeirah has made a big comeback after 2020 in terms of prime residential sales. Over AED 4.6 billion in sales have been recorded this year so far in the area, based on data from the Dubai Land Department, out of which 57 villas have been sold for a sales volume of AED 1.59 billion, stated Gupta.
According to him, 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 with views over beach or golf course or park (depending on the location).
Mediterranean in vogue
Super prime villas, apartments and penthouses are most in demand, as people living here like to enjoy the sun and outdoors as much as possible.
The villa sold was built from scratch on the plot and designed with keen attention to detail by the sellers. The Garden Home with sunset views has a contemporary style and hosts neutral colors.
The exotic open plan living area is modern and airy with a beautiful transition to the outdoors and breath-taking sea views. Automated guillotine windows designed to create seamless indoor/outdoor living with pocket doors to privatise the living & dining space as needed.
All the furniture in the villa is of Italian make – with pieces from high-end brands like Minotti, Flexform, Poliform, Paola Lenti, and Poltrona Frau all flown in from their respective design studios.
The home also has an infinity pool that hosts a swim jet and access to 3km of prime beachfront. According to analysis by Luxhabitat Sotheby’s using data from the Dubai Land Department, the top 10 most expensive properties sold in Q1 2022 were from the Palm Jumeirah, Emirates Hills, Jumeira Bay and Downtown Dubai areas.
Life coach, endurance athlete and esteemed author Binod Shankar has answered millions who suffer from mid-life crisis with their careers. His book Let’s Get Real offers 42 invaluable bits of advice, especially for managers who find themselves feeling stagnant or stuck at cross roads of their corporate careers.
Binod Shankar also has three other books in the pipeline, he revealed at the launch ceremony. Supplied
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Let’s Get Real is a treasure trove of wisdom that tackles the challenges faced by managers and provides actionable strategies for personal and professional growth. Whether it’s discovering and embracing your own worth or navigating life transitions with confidence, this book offers practical tips and relatable anecdotes to inspire readers at every step of their journey.
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Shankar is a former corporate warrior-turned-entrepreneur himself, and this guidebook is a leading light by example for professionals to approach their careers. The starting point is not outside, but from within, says Shankar in the book. With Let’s Get Real, the focus is on self-awareness, managing oneself and the team and navigating career transitions.
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Shankar is an accomplished professional with a diverse background. As a qualified coach and mentor, board member at Heriot-Watt University, and sought-after keynote speaker, corporate trainer, and guest speaker at prestigious platforms such as CNBC and Bloomberg, Shankar’s expertise shines through his writing. Having worked with notable organizations including KPMG, Andersen, Ernst Young, and Nakheel, he brings a wealth of knowledge to his readers.
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