The Dubai ‘Palace’ Goes Up for Sale for $95 Million

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With 12 bedrooms, 18 bathrooms, and lavish amenities, the Palace it offers stunning views of a lake, a golf course, and the Dubai Downtown skyline. Priced at $95 million, it represents the growing luxury residential market in Dubai.

The Palace—a luxurious mansion located in Hills View, Dubai Hills Estate—has just gone up for sale for the very first time, as reported by Arabian Business.

Spanning more than 49,612 sq. ft. internally and 39,989 sq. ft. externally, this notoriously stylish residence spreads over three floors and boasts 12 majestic bedrooms, 18 bathrooms, and eight car parks.

Awash with ultra-luxury, this sumptuous property offers a picturesque illustration of a tranquil lake, a championship golf course, and the fascinating Dubai Downtown skyline.

Epitomising resplendence and ensuring unparalleled attention to detail, this magnificent property is claimed to be one of the most distinguished homes in the city. Exuding sophistication and elegance, the mansion starts with an opulent entrance hall. Following the entrance hall comes the imperial staircase with divided flights that lead to the internal spaces: a stately dining hall, majestic living and family rooms, and a private office featuring both productivity and entertainment facilities.

Outdoor amenities of the property blend luxury, entertainment, and relaxation, including a landscaped pavilion, a private pool, a fire pit barbeque kitchen space, and outdoor bathrooms.

The mansion is equipped with a private elevator that ensures effortless mobility throughout the villa connecting the garage, basement, and the levels with the rooftop. A well-furnished games room, opulent living room, sweeping staircase, a service level rigged with drivers’ and maids’ rooms, an air-conditioned garage, and a private home cinema that can accommodate up to 20 visitors are a few unique features that make this trophy property a perfect blend of regality and modernity. As part of an effort to provide the occupants with high-end convenience, the Palace has been equipped with high-end home automation systems. From security control to climate and lighting control, the home allows residents to tailor each aspect of their living space to their preferences and requirements.

That said, amid economic headwinds and geopolitical uncertainties elsewhere, the luxury residential market in Dubai is growing substantially and ranked fourth globally. Teeming with luxury hotels, villas, and apartments combined with an unrivalled sun-sea-sand lifestyle—Dubai has now become the choice of ultra-high-net-worth buyers. Dubai’s stable economy, low real estate acquisition cost, affordable mortgage rate, and favourable tax system have incentivised international buyers to make this city their home.

More recently, the Russian oligarchs flocking to UAE to flee sanctions are pumping up Dubai’s property sector.

With the city’s luxury residential market witnessing a massive influx of elites choosing contemporary interior designs, the demand for luxury interior design services such as Accouter is increasing. By blending the best of both worlds—interior design and architecture—a high-quality luxury interior design studio can transform a space into an exquisite timeless environment.

With the recent meteoric increase in ultra-luxury home sales in Dubai’s most exclusive enclaves, the Palace is expected to be snapped up fast by foreign investors looking at Dubai properties as part of their effort to maximise their real estate portfolio.

An architectural masterpiece, this mansion-sized villa has been exclusively listed with D&B Properties (Dubai & Beyond) and is currently on the market for USD 95M (AED 350 million).

Source: http://newswire.net/newsroom/pr/00000000-https-www-geekynews-co-uk.html