Skip to main content

Mansion Worth $82 Million Sets A New Real Estate Record In Dubai

By
Mansion Worth $82 Million Sets A New Real Estate Record In Dubai

A Palm Jumeirah villa that sold for $82.35 mn, is now the most expensive house ever sold in Dubai.

An opulent residence in Dubai has surpassed all previous structures to become the most expensive residence ever sold in the Gulf emirate, Bloomberg reported. According to Alpago Properties, the mansion's developer, Casa Del Sole on Dubai's Palm Jumeirah island sold for $82.4 million in July. Due to privacy concerns, the company refused to identify the buyer. Although the mansion is currently being constructed, it will include 15 garage spaces and 18 bathrooms.

According to Bloomberg, the property, known as Casa Del Sole, is located on Frond G of the Palm Jumeirah, a man-made island in Dubai that is structured like a palm tree. Luxury resorts like St. Regis and Waldorf Astoria, as well as multimillion-dollar residences, can be found on Dubai's Palm Jumeirah.

In the world, the city and emirate of Dubai are well-known for it's upscale shopping, cutting-edge buildings, and vibrant nightlife. Dubai is emerging as a favorite market for the ultra-rich, whom the government has actively courted by offering long-term "golden visas" and relaxing curbs on homeownership for foreigners.

Mukesh Ambani, the chairman of Reliance Industries, recently paid a staggering $80 million for a beachfront home on Dubai's Palm Jumeirah.

Also read | Mukesh Ambani Buys Dubai's Costliest Home For Youngest Son Anant: Report

The property on Palm Jumeirah was purchased earlier this year for Ambani's youngest son, Anant, one of the people said, asking not to be named as the transaction is private. The beach-side mansion sits in the northern part of the palm-shaped artificial archipelago and has 10 bedrooms, a private spa, and indoor and outdoor pools, local media reported without saying who the buyer is.

In addition to luxury homes, Palm Jumeirah's string of islands comprises posh hotels, glitzy clubs, spas, restaurants, and splashy apartment towers with breathtaking views of the Persian Gulf's blue waters. Its construction began in 2001, with the first residents moving in around 2007.

Dubai's property market, which contributes around a third of its economy, is recovering from a seven-year slump thanks to the city's nimble handling of the COVID-19 pandemic and initiatives aimed at giving expatriates a bigger stake in the economy. Under new rules, investors can obtain a 10-year visa if they buy property worth at least 2 million dirhams.

Foreign residents make up more than 80% of the population of the United Arab Emirates and have been a mainstay of the economy for decades, doing mostly private-sector jobs and spending their money on property or shopping in some of the world's largest malls. Indians, in particular, have consistently ranked among the top buyers of Dubai real estate.

(With inputs from Bloomberg)

Adblock test (Why?)



from NDTV News- Special https://ift.tt/j6WYBic https://ift.tt/hDPgOnw
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Salaries Of 12700 Punjab Teachers Tripled After Regularisation

By
Punjab government has tripled the salaries of 12,700 teachers, who were regularised recently. Chandigarh: Punjab Chief Minister Bhagwant Mann on Tuesday said the salaries of 12,700 teachers, who were regularised recently, have been increased by up to three times. In a statement here, Mr Mann said these teachers will be known as associate teachers and special inclusive teachers, adding that they will be governed by a 'Policy for Welfare of Adhoc, Contractual, Temporary Teachers (Nation Builders) and other employees in the School Education Department'. Based on their educational qualifications and primary conditions for entry into services, their emoluments have been fixed up to the completion of 58 years in service. Mr Mann said these teachers will be entitled to an increment of 5 per cent on their salaries every year. The chief minister said BA pass education providers (associate teachers) who were hitherto getting Rs 9,500 per month will now get Rs 20,500 as an emolum...
Post a Comment
Read more

"Mandir" Tag To Health Centers Sparks Backlash In Ladakh

By
The new signages of Ayushman Health Centres raised eyebrows in Ladakh. Srinagar: The renaming of Ayushman Bharat Health and Wellness centers as Ayushman Arogya Mandir has sparked backlash in Ladakh. After red flag by Ladakh Buddhist Association, the BJP ruled Ladakh Autonomous Council has asked the Lieutenant Governor to "respect public sentiment". "I am taking the liberty to express my concerns, as well as of the public, regarding the recent renaming of the Ayushman Bharat Health and Wellness centers to Ayushman Arogya Mandir," Tashi Gyalson, Chairman cum Chief Executive Councilor of Ladakh Autonomous Hill Development Council, wrote to Lieutenant Governor, Brig (Retired) B.D. Mishra. "It has come to my attention that this change has generated significant resentment among the public, necessitating prompt attention and resolution," wrote Mr Gyalson. Referring to Health ministry directive, Mr Gyalson, who is also a senior BJP leader, said it was stip...
Post a Comment
Read more

Mob Attacks Hindu Procession In Maharashtra's Thane, Case Filed: Cops

By
The incident took place on Sunday night on Lodha Road, police said. (Representational) Thane: A mob of 50-60 persons was booked by Mira Bhayander Vasai Virar police in Thane district for allegedly assaulting a man who was part of a procession on the eve of the idol consecration of the Ram Temple in Ayodhya, an official said. The incident took place on Sunday night on Lodha Road and as per the complainant the mob armed with iron rods, sticks, bats shouted religious slogans and assaulted him when he was part of a procession comprising three vehicles and 10 two-wheelers, the official said. They vandalised the car with stones and sticks, the man said in his complaint to Naya Nagar police station. "A case of attempt to murder and other offences has been registered against a mob of 50-60 persons. Further probe is underway," the official added. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) Adblock test (Wh...
Post a Comment
Read more