Dubai Sells Most Expensive Mansion For Worth $82.4 Million

The mansion is currently being constructed...

Dubai is reaching the heights of building the most expensive residence. opulent residence in Dubai has surpassed all previous structures to become the most expensive residence ever sold in the Gulf emirate, Bloomberg reported.

As per the Alpago Properties, the mansion's developer, Casa Del Sole on Dubai's Palm Jumeirah Island sold for $82.4 million in July. Due to privacy concerns, the company refused to identify the buyer. Although the mansion is currently being constructed, it will include 15 garage spaces and 18 bathrooms.

According to Bloomberg, the property known as Casa Del Sole is located on Frond G of the Palm Jumeirah, a man-made island in Dubai that is structured like a palm tree. Luxury resorts like St. Regis and Waldorf Astoria, as well as multimillion-dollar residences, can be found on Dubai's Palm Jumeirah.

Taking notes from the previous achievements of Dubai, around the globe, the city and emirate of Dubai are well-known for its upscale shopping, cutting-edge buildings, and vibrant nightlife. Dubai is emerging as a favourite market for the ultra-rich, whom the government has actively courted by offering long-term "golden visas" and relaxing curbs on homeownership for foreigners.

In a report, Mukesh Ambani, the chairman of Reliance Industries, recently paid a staggering $80 million for a beachfront home on Dubai's Palm Jumeirah.

The property on Palm Jumeirah was purchased earlier this year for Ambani's youngest son, Anant, one of the people said, asking not to be named as the transaction is private.

The beach-side mansion sits in the northern part of the palm-shaped artificial archipelago and has 10 bedrooms, a private spa, and indoor and outdoor pools, local media reported without saying who the buyer is.

In addition to luxury homes, Palm Jumeirah's string of islands comprises posh hotels, glitzy clubs, spas, restaurants, and splashy apartment towers with breathtaking views of the Persian Gulf's blue waters. Its construction began in 2001, with the first residents moving in around 2007.