Most expensive villa on the Palm Jumeirah sold by Luxhabitat (AE)

Luxhabitat, in collaboration with Terra Casa Real Estate, has closed one of the most expensive villa deals in Dubai this year on the Palm Jumeirah. An off-plan luxury three-storey M. State villa has been sold to a high-profile buyer for AED64.8 mln (approx. €15.9 mln).
According to REIDIN, the second most expensive transaction during the first half of the year is only AED40 mln (approx. €9.8 mln). Luxhabitat represented both the buyer and developer in this transaction, thus consolidating its leading position in the Palm Jumeirah market.
The villa, developed by AA Real Estate Development, will have a panoramic view of the sea, Dubai Marina, and the Palm's crescent once completed later this year. The project M. State by Ocean Breeze is a boutique collection of five landmark villas on the Palm Jumeirah's M frond. Some of the villa's biggest selling points include floating steps, neutral colour schemes and a contemporary design that fits the landscape. The villa is a result of the collaboration between architects L W Design and interior designer Finasi. Situated on a wide private beachfront of 51m, the villa has a unique oversized infinity pool measuring over 17m long, making it one of the longest private pools on the Palm.
The Palm Jumeirah remains a big area of interest for both investors and end-users. In Luxhabitat's half yearly analysis supported by transaction data from REIDIN, almost 21% of the villas above AED5 mln (approx. €1.2 mln) sold in the first half of the year were from the Palm Jumeirah. The area has reported 43 villas sold for a total of AED723 mln (approx. €177 mln).
Source: Luxhabitat

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