With its gold-plated interior, the Versailles palace-like mansion is currently the most expensive residential real estate in Dubai.
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. In addition, this place also features many facilities such as a large garage with a capacity of 15 cars, indoor and outdoor swimming pools, reef aquariums…
The villa is built mostly from marble imported from Italy with a total value of up to 21-27 million USD. Construction took nearly 12 years and was completed in 2018.
700,000 gold leaves were inlaid by 70 skilled workers in the details of the house for 9 months. Not only that, but the property is also appreciated for its aesthetic appeal with the presence of more than 400 works of art, 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 pandemic has allowed it to open much earlier than other areas.
The super-rich are rushing to buy real estate in Dubai as a way to store money in the context of the unstable world economy . Not only that, many wealthy people from Russia also decided to move here when the conflict with Ukraine broke out.
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.
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. However, this property has not been completed yet.