Dubai’s Palm Jumeirah island which is already having luxurious touch is having a street called “Billionaires Row which includes 13 exclusive beachfront villas priced from AED 120 million to AED 300 million which makes it one of the richest areas in Middle East.
Billionaires Row is a street in the Frond G which is the premium location in Palm Jumeirah. Here every villa comprises sophisticated comfort such as the zen garden, koi pond, home theatre system, and saltwater swimming pool. Due to scarcity of available plots, the ownership of the property here has developed into a symbol of prestige among the world’s richest people.
This trend is similar to similar luxury locations around the world such as the 57th Street in New York, Kensington Palace Gardens in London, and The Peak Road in Hong Kong where people with a high level of income looking for security, seclusion and larger than life amplitude. The reason perhaps has to do with the population of ultra-high-net-worth individuals in Dubailand, which is being boosted by attractive taxation policies as well as investment prospects in the city.
Industry specialises forecast more increase in the luxury residential property in Dubai market with trends covering health, work, and family. Despite the developments that the city undergoes, Billionaires Row stays one of the most significant representatives of the luxury property market in Dubai.
