Jumeirah Bay Island, is now home to the most expensive townhouse ever sold in Dubai, amounting to AED35.5 million. The Meraas development, sculpted in the shape of a titanic seahorse also has the Bvlgari Resort & Residences, Dubai.
The luxury townhouse is 4,558 square feet, with five bedrooms, modern aesthetics and high-end finishes, the record-breaking sale was made by two Property Finder agents.
This purchase comes in line with a series of record-breaking purchases in the city.
The most expensive piece of land was bought on Jumeirah Bay Island for AED70 million, the most expensive penthouse in One at Palm Jumeirah sold for AED85 million and a three-bedroom unit at the Bulgari Resort and Residences sold for AED12,624 per square foot – the highest recorded price per square foot in the history of Dubai real estate.
This month, weeklong real estate transactions hit a high of $2.4 billion, attributing to the growth and demand for properties in the city.
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