Dubai has an obsession with having the greatest everything in the world. She has the tallest building in the world, the fastest roller coaster, the longest swimming pool, and now she also wants to sell the most expensive house in the world.
With favorable economic conditions and ease of obtaining a visa, the luxury sector has grown in the country, with a large part of Russian millionaires looking to protect their assets, new fortunes of cryptocurrencies, and wealthy people from China, India and US citizens. UAE and Saudi Arabia, as “Expansion” explains.
In the third quarter of 2023, Dubai attracted investments worth 1,449 million euros in the luxury real estate market, according to data from real estate consulting firm Knight Frank.
Prices for the most exclusive homes rose by 14% compared to 2.4% recorded worldwide.
It appears that the country's ambitious goals are beginning to bear fruit. According to the updated Robb Report classification, Dubai included, for the first time, three properties in the list of the most expensive homes for sale in the world in 2024.
In fourth and fifth place in the ranking are two apartments priced at 187.40 million euros each, and they are located at the top of two skyscrapers that have not yet been built in Business Bay.
The first is in the highest building, consisting of 48 floors, with an area of 13,476 square meters, four bedrooms, a large swimming pool, and an elevator that takes the owner’s car to the room.
The second is at the top of the 100-storey tower in front of Burj Khalifa, the tallest building in the world. It is a duplex that contains a gym, a sauna, three living rooms, two kitchens, two dining rooms, a cinema room and a huge master bedroom with an area of about 500 square meters.
In sixth place comes a house known as the “Marble Palace,” with a price of 186.48 million euros. Located in Emirates Hills, it has five bedrooms and 19 bathrooms, as well as a large garden with exotic plants.
Currently, none of these three properties exceed the record 217.56 million euros that millionaire Ken Griffin, founder of Citadel, paid in 2019 for his triplex house in the Central Park South Tower, in Manhattan.
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