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Most expensive villa in Dubai sold for Dhs111.25m 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP The ONE100Palm spans over 3-floors and has a built-up area of 14,000 sq ft by Zainab Mansoor The most expensive property in Dubai, One100Palm, priced at Dhs111.25m has been sold. The contemporary villa has been designed by the owner Michael Alibhai, and sold by Leigh Borg, managing director at Luxhabitat Sotheby’s International Realty, who also brokered the deal. The Swiss family from Monaco is intending to keep...

Dubai: Dubai has recorded its costliest deal so far this year – a villa on the Palm going for Dh111.25 million plus. The property has been bought by a Swiss investor, and will now be placed in the holiday home market. The One100 was listed last year, and the seller had even lined up a slew of add-ons such as a luxury car, a Harley and much more to attract the attention of a buyer. The initial asking price was Dh120 million. “Across the wider city, homes above Dh100m are a rare commodity,” said Jason Hayes, CEO of Luxuryproperty.com, which completed the transaction on the One100 sale. �...