For A Whopping AED 240.5 Million, Jumeirah Bay Island Witnesses A Record-Breaking Villa Deal

Dubai Sotheby's International Realty achieves record-breaking sale on Jumeirah Bay Island.

by Deeplata Garde
For A Whopping AED 240.5 Million, Jumeirah Bay Island Witnesses A Record-Breaking Villa Deal

In a feat that redefines luxury real estate benchmarks, Dubai Sotheby’s International Realty proudly announces the record-breaking sale of a magnificent six-bedroom villa on Jumeirah Bay Island, also known as Billionaire’s Island. This stunning property fetched an extraordinary AED 240.5 million, marking the highest sale ever recorded on the island and setting a new standard in Dubai’s opulent property market.

AED 240.5 Million Jumeirah Bay Island Villa Sale Sets New Luxury Real Estate Milestone

Jumeirah Bay Island has long been synonymous with extravagance and exclusivity, attracting some of the world’s wealthiest individuals. This landmark transaction, however, surpasses all previous records by a significant margin, highlighting the enduring allure and unparalleled demand for ultra-luxurious homes in Dubai. The villa’s exquisite architecture, prime waterfront location, and world-class amenities underscore its status as the epitome of luxury living in the region.

Elevating Dubai’s Luxury Property Sector

The sale of this six-bedroom masterpiece not only underscores the exceptional value of properties on Jumeirah Bay Island but also showcases Dubai Sotheby’s International Realty’s prowess in orchestrating high-value real estate transactions. This achievement solidifies the agency’s reputation as a global leader in luxury property sales, renowned for connecting discerning buyers with the most exclusive residences worldwide.

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A New Benchmark in Dubai’s Luxury Real Estate

Facilitated through the collaborative efforts of Dubai and Saudi Arabia Sotheby’s International Realty, this historic sale was led by Erick Knaider, Managing Partner of Saudi Arabia Sotheby’s International Realty. His strategic acumen and dedication to excellence were instrumental in securing the sale of the 18,800 sq. ft. villa, reinforcing the brand’s exceptional standards and unmatched client service in the luxury real estate market.


This groundbreaking transaction not only establishes a new pinnacle for luxury real estate in Dubai but also underscores the power of strategic collaboration and the enduring prestige of the Sotheby’s International Realty brand in the region. As Dubai continues to attract global attention with its unrivalled offerings in luxury living, this record-setting sale on Jumeirah Bay Island stands as a testament to the city’s prominence as a leading destination for high-net-worth individuals seeking the ultimate in residential luxury.

Cover Image Courtesy: Press Release

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