A five-bedroom oceanfront Signature Villa at Six Senses Palm Jumeirah sold for an astounding Dh130 million. The transaction is the project’s largest sale to date and ensures that it will rank among the top ten most expensive branded residences sold in 2024. The sale shows how strong the off-plan market has remained and how the prime and super-prime branded residential sector is still expanding.
“Super prime branded residences have become one of the driving forces in the global real estate market, attracting the attention of buyers in key cities like Miami, New York, and London,” says George Azar, CEO of Dubai Sotheby’s International Realty.
One of only nine exclusive Signature Villas, the stunning villa boasts hand-selected Italian marble, high-end branded fixtures, and luxurious, sustainable teakwood finishes. Because the resort is fully supplied and operated by Six Senses, residents have unparalleled access to its first-rate amenities and personalized services. By October 2025, it is expected that the home will be finished.
According to industry data, sales of branded residences in Dubai reached a record-breaking Dh28.8 billion in the first half of 2024 alone. This amounts to an incredible 12.6% of the total transaction value of the city. This astounding figure shows that the volume of branded house transactions has increased by 44% annually.
Dubai Recently, Sotheby’s shattered the record for the most expensive house ever sold on Jumeirah Bay Island, selling it for Dh175 million. The most expensive villa sale in Abu Dhabi, which sold for Dh130 million, was just finished.
Whatsapp