The 5,800-square-foot private beach Dubai villa was completed in January 2024
25 Degrees, a Dubai-based property developer, has announced the sale of a villa on Palm Jumeirah for $17 million (AED 62 million), setting a new record for a renovated Garden Home on the artificial island. The 5,800-square-foot private beach villa was completed in January 2024.
This transaction highlights the growing demand for high-end properties in Dubai’s luxury real estate market.
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“The Dubai residential real estate market continues to go from strength to strength – and at 25 Degrees, we are riding the crest of this wave. With markets as hot as super-prime property in Dubai, there’s always a host of developers jostling for position, but what this latest sale highlights is that the quality of construction and craftsmanship sets you apart from the pack,” David von Rosen, co-founder of 25 Degrees said.
The company specialises in developing properties for ultra-high-net-worth individuals (UHNWIs), focusing on European-style luxury villas.
25 Degrees aims to sell 100 homes in the region by 2030 and is currently developing larger Signature villas on Palm Jumeirah, von Rosen said.
“For UHNWIs from around the world, Dubai is increasingly becoming the location of choice. The city’s lifestyle options mean that it’s no longer just somewhere to do business – international financiers and entrepreneurs now want to lay down roots here long-term with their families to take advantage of the high-end shopping, world-leading art market, and thriving restaurant and bar scene,” he added.
The emirate’s luxury property market has seen significant growth, with 431 sales above $10 million in 2023, according to Knight Frank. Palm Jumeirah alone registered 21 deals over $10 million, totalling $365 million.
The influx of wealthy individuals to Dubai, attracted by business opportunities and lifestyle amenities, is driving this market growth.
