Video: Dubai's most expensive villa in 2021 sold for Dh111 million

A villa on the Palm Jumeirah has been sold for a staggering Dh111.25 million, making it the most expensive property sold in Dubai in 2021.

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The new custom modern contemporary villa – One100Palm – has been bought by a Swiss family from Monaco, who intend to keep the home as a luxury rental. The family’s name has been kept confidential.

“Due to the ‘wow factor’ of the villa and the video receiving over million views, you would get many people wanting to see the villa in person. However, only a small percentage of the clients had the actual budget, so we had to shield the villa from this, carrying out the necessary due diligence on clients visiting,” said Leigh Borg, managing director at Luxhabitat Sotheby’s International Realty.

waheedabbas@khaleejtimes.com