Real estate sales records are made to be broken.
And once again, Driven Properties did not disappoint with the closure of a property in the Villa Amalfi development on Dubai’s Jumeirah Bay island.
The five-bedroom, 4,558-square-foot townhouse has set a new high bar of AED35.5 million (about US$9.67 million), making it the most expensive townhouse ever sold in the city of the United Arab Emirates. Ultra-high-end property specialists Kianoush Darban and Lina Allaoa brokered the deal, Driven Properties founder Abdullah Alajaji announced.
“Jumeirah Bay has outperformed all areas of Dubai in price growth over the past two years and has become the most sought-after destination for ultra-high net worth individuals,” he said. “Following the success and sale of our project on the island, Sea Mirror, we have seen an increase in demand for other properties on the island, including Bulgari Residences and Amalfi.”
Among the attractions of Coastal Villa Amalfi are the views from the rooftop terraces, which encompass both the Arabian Gulf and the city skyline. Designed for contemporary living and incorporating high end finishes, the homes are built around private grounds and feature a range of community facilities. The Bulgari Hotel Yacht Club is a short walk away.
This is not the first record broken by Driven Properties. The company’s list of achievements includes the sale of Dubai’s most expensive residential land – also on the island of Jumeirah Bay – for AED 70 million (about US$19 million), the most expensive penthouse in One at Palm Jumeirah for AED85 million (about US$23 million) and Dubia’s highest recorded price per square foot sale at Bulgari Resort and Residences at AED12,624 (over US$3,400) per square foot.
Jumeirah Bay Island Luxury Real Estate Market
Luxury properties on Jumeirah Bay Island can range from a few million to over US$30 million. Here is an overview of what is currently on the market:
Price: US$32.6 million
The Bulgari Resort & Residences is a luxury neighborhood with world-class mansions and villas, making it one of the most exclusive places to live in Dubai.
This five-bedroom villa with full sea views features over 7,300 square feet of open-concept living space, a fully-equipped chef’s kitchen, and an artistic spiral staircase. A private pool and cabana highlight the landscaped grounds.
Price: US$19.9 million
Sea Mirror on Jumeirah Bay Island is a collection of 18 unique homes designed to combine modernist architecture with nature and all with private access to Jumeirah Bay’s waterfront.
Plans for this five-suite offering show modern construction surrounded by layers of gardens and outdoor living spaces. In-home spa facilities, a personal wine cellar, and cigar lounge are among the noteworthy indulgences. Also included: an underground four-car showroom.
Price: 5 million US dollars
Villa Amalfi offers a variety of elegant villas ranging from three to five bedrooms with modern architecture, private pools and landscaping. The houses are on a quiet island with great views of Internal Central Park, the Arabian Gulf, the Dubai skyline and the Jumeirah coast.
This three bedroom villa has three bedrooms, four bathrooms and two parking spaces. The upgraded interior offers over 3,100 square feet of living space, including an open concept chef’s kitchen.
MORE FORBES GLOBAL PROPERTIES
Driven properties is an exclusive member of Forbes Global Propertiesa consumer marketplace and member network of elite brokerages selling the world’s most luxurious homes.