AGL 37.89 Decreased By ▼ -0.26 (-0.68%)
AIRLINK 124.10 Increased By ▲ 2.59 (2.13%)
BOP 5.67 Decreased By ▼ -0.18 (-3.08%)
CNERGY 3.75 No Change ▼ 0.00 (0%)
DCL 8.55 Increased By ▲ 0.15 (1.79%)
DFML 40.48 Decreased By ▼ -0.41 (-1%)
DGKC 87.10 Increased By ▲ 2.50 (2.96%)
FCCL 33.98 Increased By ▲ 1.28 (3.91%)
FFBL 66.01 Increased By ▲ 0.51 (0.78%)
FFL 10.20 Increased By ▲ 0.15 (1.49%)
HUBC 104.45 Increased By ▲ 0.65 (0.63%)
HUMNL 13.45 Increased By ▲ 0.20 (1.51%)
KEL 4.78 Increased By ▲ 0.35 (7.9%)
KOSM 6.84 Decreased By ▼ -0.25 (-3.53%)
MLCF 38.84 Increased By ▲ 1.34 (3.57%)
NBP 60.35 Increased By ▲ 0.10 (0.17%)
OGDC 179.65 Increased By ▲ 7.40 (4.3%)
PAEL 24.97 Increased By ▲ 0.17 (0.69%)
PIBTL 5.71 Increased By ▲ 0.01 (0.18%)
PPL 153.00 Increased By ▲ 11.31 (7.98%)
PRL 22.79 Increased By ▲ 0.07 (0.31%)
PTC 14.91 Increased By ▲ 0.17 (1.15%)
SEARL 66.85 Increased By ▲ 2.29 (3.55%)
TELE 7.01 Decreased By ▼ -0.13 (-1.82%)
TOMCL 35.70 Increased By ▲ 0.20 (0.56%)
TPLP 7.32 Increased By ▲ 0.03 (0.41%)
TREET 13.99 Decreased By ▼ -0.21 (-1.48%)
TRG 50.95 Decreased By ▼ -0.80 (-1.55%)
UNITY 26.40 Decreased By ▼ -0.20 (-0.75%)
WTL 1.23 Increased By ▲ 0.01 (0.82%)
BR100 9,717 Increased By 233.5 (2.46%)
BR30 29,237 Increased By 866.2 (3.05%)
KSE100 90,860 Increased By 1893.1 (2.13%)
KSE30 28,458 Increased By 630.4 (2.27%)

Luxhabitat Sotheby's International Realty said that it has closed a deal for a four-bedroom Bvlgari Mansion in Jumeirah Bay Island for Dh55 million, reported Khaleej Times on Thursday.

The Bvlgari mansion is now the most expensive four-bedroom mansion on the Island, it said. The property was sold at Dh7,775 per square foot,

In the overall prime market, Jumeriah Bay Island saw the largest increase in price per sqft, jumping 44.3 per cent between Q1 and Q2 to reach Dh6,500 per sqft, up from Dh4,502 in Q1.

Pakistanis among top 10 buyers in Dubai as real estate sales surge in H1 2022

Buyer demand for the branded property has been substantial despite the market's scarcity of available options.

"This type of transaction shows us what the real market inclination is for rare properties. It's not speculation or hype but a true form of end-user appetite for ready, turn-key branded residences," George Azar, chairman of Luxhabitat Sotheby's International Realty, was quoted as saying in the report.

"These exquisite Mansions at Bvlgari Resorts & Residences are extremely coveted, but none are currently on the market to satisfy the demand."

According to data compiled by the Dubai Land Department, the average price per square foot for a unit at Bvlgari Resorts & Residences has climbed consistently year on year since 2019.

The connected Bvlgari Resorts & Residences are among the most popular properties in Dubai right now, with demand considerably exceeding supply.

Consequently, the properties provide both privacy and exclusivity with views of the Dubai skyline directly from the apartments or villas with close access to a private beach.

The Bvlgari Marina has more than 50 spots and can accommodate boats that are 30 feet to 120 feet in length, making it ideal for boating enthusiasts.

Dubai retains position as world's top destination for tourism FDI in 2021

Comments

Comments are closed.