Largest-ever leasing deal in Dubai property successfully closed

Dubai’s uber luxury real estate market has just hit a new milestone — with the successful closing of the largest leasing deal in Dubai’s history.

The property, located on the exclusive Jumeirah Bay Island, was leased for an impressive Dh15.5 million for the year.

Recommended For You

UAE introduces 30-day e-visa extension for GCC residents

Rain, lightning to be seen in UAE: From Oct 15 to 18, low-pressure system will affect the country, NCM says

UAE: Casino operator Wynn reveals gaming area size at Ras Al Khaimah property

First UAE-dirham backed stablecoin launched

Abu Dhabi announces grazing ban starting October 16

 

The deal was brokered by Toni Abou Jaoude, sales and leasing manager of the local division at Prime by Betterhomes.

Stay up to date with the latest news. Follow KT on WhatsApp Channels.

The leased property is an private mansion set on the waterfront of Jumeirah Bay, offering views of the ocean and the Bvlgari Resort & Residences.

This record-breaking deal underscores the growing demand for ultra-luxurious living spaces in Dubai, particularly as high-net-worth individuals and investors from around the globe continue to flock to the city. Recent data from Prime by Betterhomes shows that transactions exceeding Dh15 million surged by 65 per cent in Q3, further solidifying Dubai as a top destination for luxury residences.

• Dubai: Some tenants opt for multiple-cheque rent payments despite higher rates