The Palm Jumeirah has many a beautiful villa offering incredible finishing, bespoke design and views of the Dubai skyline.
This five-bedroom villa certainly takes its place in line with the sumptuous signature homes that adorn Frond P on Dubai’s greatest icon. And it comes with the corresponding high price tag of Dh56 million.
With a European hacienda style front, from the outside one could be in Andulucia. However the views of the Dubai Marina skyline from the inside leave no doubt as to where you are in the world.
The property may be on the pricey side but it comes fully furnished, has 24-hour security, enough watery views to rival Venice and ample space for staff.
The villa has been extended from an original built up area of 7,000 square feet to approximately 8,000 sq ft on a 14,683 sq ft plot, a factor that has helped to push up its price.
“There is a premium built in to extended properties on the Palm - not just down to the extension - but down to the bureaucracy and time it takes to get the No Objection Certificates (NOCs), approvals and certifications needed,” says Gregory Lewis from Knight Frank, the agent marketing the property. “If someone goes through that process then they have invested more than just money into the property.”
Inside, the entrance features a huge reception area with a glass lift alongside a marble staircase.
The modern and open-plan lounge is framed by seven picture windows flooding the area with natural light and allowing the views of the metropolis to be enjoyed to the max. The lounge then flows into a more informal living space and state of the art kitchen.
Alongside the kitchen and dining area, the garden has again been designed with the view in mind; a huge firepit forms the centrepiece, with a private swimming pool on one side and seating areas on the other. The first floor contains four large en suite bedrooms with built-in wardrobes.
And to ensure you don’t ignore those views, the kitchen comes with a breakfast bar overlooking the outdoor terrace, which can be opened up via concertina glass doors.
Q&A
Gregory Lewis, senior negotiator Knight Frank, tells Andrew Scott more about the latest property offering on Palm Jumeirah:
I’ve noticed several super prime properties are sold fully furnished, why is that?
Super prime properties are what Knight Frank categorise as homes from Dh40 million upwards. At that level the furniture has often been bought specifically for the house and matched with colour scheme and the environment it is set. Whereas sometimes the house is sold fully furnished having never been occupied, this house has been lived in so all the furniture has been used.
Does selling a fully furnished house help the sale?
We always say to clients that it won’t necessarily increase the value but it increases the saleability of the property. When you are dealing with such massive properties many buyers do not want the headache of furnishing a new house. Obviously there are clients that will have their own ideas about home decor and can decide to rip everything out but that is not usual. At this level of price buyers often have other homes and will not be living in these villas exclusively so a fully furnished residence is a plus.
Analysts say the real estate market in the UAE is slow at the moment, is that the case for super prime?
No, it’s the opposite. If you take Emirates Hills as an example we usually sell one a month but for the last four months we have been averaging two. The rich generally stay rich and properties like this on the Palm do not become available too often. There is rarely a mortgage on them and no one has to save for them so it is a brisk market right now.
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