In a groundbreaking deal for Dubai’s luxury real estate market, an off-plan villa in Jumeirah Bay has been sold for a staggering Dh125 million.
The five-bedroom, 15,000-square-foot property, part of the prestigious Sea Mirror development, is set to be handed over in early 2026. The villa was purchased by a European ultra-high-net-worth individual (UHNWI), marking their first investment in the UAE. This record-breaking sale underscores Dubai’s growing allure as a global hub for luxury investments.
Insights on the ‘Record’ Real Estate Sale In Dubai
Marcus Andersson, Director of Sales at Penthouse.ae, expressed pride in facilitating the sale, stating, “This record-breaking transaction highlights Dubai’s unwavering position as a global leader in luxury real estate. Our expertise in the property landscape allows us to present clients with lucrative opportunities.”
Sea Mirror, the development in question, boasts 18 uniquely designed private villas. Internationally acclaimed architectural firms Jacobsen Arquitetura and Studio MK27 crafted the villas, while interior designs come from Milan-based designer Patricia Urquiola, whose work is featured in global museums.
The villa comes with expansive indoor and outdoor living spaces, and access to world-class amenities such as the Bulgari Resort, Marina, and Yacht Club.
Future Outlook for Dubai’s Luxury Real Estate Market
This sale signals the growing demand for luxury properties in Dubai, driven by the emirate’s strategic vision and world-class infrastructure. Dubai’s appeal among international investors continues to rise, particularly in high-end developments such as Jumeirah Bay. Experts predict that with ongoing developments and luxury projects, the market for premium off-plan properties will see sustained growth in the coming years.
