Dubai Villa Sets New Record with $4.2M Annual Rent on Jumeira Bay

A luxurious villa on the shore of Jumeira Bay Island in Dubai has become the most expensive object of rent in the city: for one year, the owners demand 15.5 million dirhams (4.2 million dollars). The highly anticipated Prime by Betterhomes landmark transaction was sealed, with Sales and Leasing Manager Toni Abou Jaoude. This record indicates increased market for luxury real estate in Dubai.

Being a modern architectural marvel, this property is fully equipped to provide the best of luxurious amenities with an unobstructable view of the ocean and the Bvlgari Resort and Residences. Largely, high-wealth executives or business people shall be prospective clients for a mansion due to its characteristics of who, what, when, where, why, and how.

“This new record is a sign of the entry of a new benchmark to luxury renting prices in the country,” Jaoude said. “With Dubai as a popular destination for attracting wealthy international investors it is the high-end living spaces which are in much demand.”

New statistics from PRIME by Betterhomes suggest a 65% rise in sales over AED 15 million in the third quarter only supporting this view of Dubai as a global hub of luxury living. Many spots such as Jumeira Bay are located at the heart of this phenomenon, providing privacy, security, and superior living for residents.

Over time Dubai has continued to break new records as it continues to attract people in search of the best lifestyle.