3 Dubai villas among world’s most expensive properties sold in 2022

3 Dubai villas among world’s most expensive properties sold in 2022

According to a report, a Dh600 million villa located on Frond N on Palm Jumeirah was the third most expensive prime property sold last year

Published: Thu 23 Feb 2023, 4:56 PM

Three Dubai properties have been ranked among the world’s 25 most expensive properties sold globally last year. All three villas were located on the prestigious Palm Jumeirah, which has been the biggest attraction for foreign buyers for high-end property purchases.

Dubai’s prime property recorded one of the highest capital value growth at 12.4 per cent last year, said Savills. According to Forbes Global Perspective, a Dh600 million villa located on Frond N on Palm Jumeirah was the third most expensive prime property sold last year. Media reports said Indian billionaire Mukesh Ambani, also chairman of Reliance Industries, had bought the most expensive villa in Dubai.

Another villa located on the Palm sold for Dh302.5 million and was the 17th most expensive property sold worldwide last year. Developed by Alpago Properties, the Casa Del Sole signature villa was built over four levels on a plot of 28,000 sqft. It was built on Frond G row, also known as “Billionaire Row”.

While a Dh280-million 10-bedroom custom-built villa on Frond N was the 19th most expensive