The mansion in the shape of the Palace of Versailles is currently the most expensive house in Dubai, for sale for 204 million USD.
According to Bloomberg, the villa has only 5 bedrooms but has an area of more than 5,574 square meters. In particular, the main bedroom is up to 371 m2. Other amenities include a 15-car garage, indoor and outdoor swimming pools, two domes, a reef aquarium that holds 70,000 liters of water, a substation and emergency rooms.
Dubbed the “marble palace”, the villa was built of Italian stone estimated to be worth up to 21-27 million USD. Construction took nearly 12 years and was completed in 2018.
The entrance hall features a grand staircase and handcrafted glass dome.
According to Luxhabitat Sotheby’s International Realty, the company that is selling the property, 700,000 gold leaves have been inlaid with details in the house by 70 skilled workers over nine months.
In addition, the house is now decorated with about 400 pieces from the owner’s personal art collection, mainly 19th and 20th century statues and paintings.
Dubai’s real estate market has been active since the end of 2020. The city’s quick handling of the Covid-19 pandemic has allowed it to open much earlier than other areas, attracting investors. bankers move in from places like Singapore or Hong Kong.
A room at the mansion contains a collection of antique clocks.
The world’s wealthy buy real estate as a way to store money amid global economic uncertainty. Besides, the Russian-Ukrainian conflict has also caused an influx of Russians to decide to move to Dubai.
According to Ms. Kerry Michael, Marketing Manager of Luxhabitat Sotheby’s, the villa is ideal for elites or politicians. The agent of this unit said that only about 5-10 people in the world have enough financial potential and are really interested in this luxury real estate.
The corals in this aquarium have been growing for 18 months.
In the near future, this villa will have a worthy rival, the penthouse at the Bugatti by Binghatti project (Dubai) which is also being offered for sale for 204 million USD. The apartment, also known as the “villa in the sky”, will have an elevator for cars. However, this property has not been completed yet.