The mansion is located on the waterfront of Jumeirah Bay Island
Dubai’s ultra-luxury real estate market has reached a new peak with the successful closure of the largest leasing deal in the city’s history.
This exclusive property on Jumeirah Bay Island was leased for an impressive Dh15.5 million annually.
The deal was managed by Toni Abou Jaoude, sales and leasing manager at Prime by Betterhomes.
The leased property is a private waterfront mansion on Jumeirah Bay, offering ocean views and proximity to the Bvlgari Resort & Residences.
This record-setting deal highlights the rising demand for ultra-luxurious living spaces in Dubai, as affluent individuals and investors worldwide continue to be drawn to the city. Recent data from Prime by Betterhomes indicates that transactions above Dh15 million increased by 65 percent in Q3, further establishing Dubai as a prime destination for luxury real estate.
“The real estate market today is as strong as I’ve always envisioned. While this deal sets a new record, it isn’t surprising for premium properties. I believe this will establish a new benchmark for luxury rental rates, reflecting the surging demand for high-end living in Dubai,” said Abou Jaoude.
Exclusive neighborhoods like Jumeirah Bay lead this trend, offering residents privacy, security, and a luxurious lifestyle. As prime properties continue to break records, Dubai remains a magnet for affluent individuals and families seeking top-tier luxury living.
