Record-Breaking Sale by 25 Degrees: A New Benchmark for Luxury Real Estate on Palm Jumeirah
Friday, 16 August 2024
Dubai, UAE – 25 Degrees, Dubai’s leading luxury real estate developer, has set a new record with the sale of a meticulously renovated Garden Home on Palm Jumeirah. Completed in January 2024, this stunning 5,800-square-foot private beach villa was sold for a remarkable $16.9 million (AED 62 million) , setting a new benchmark for refurbished Garden Homes on the island.
A Pinnacle of Luxury
- Exceptional Property: The newly sold Garden Home epitomizes opulence with its expansive layout and prime location on the upscale Palm Jumeirah. The record-setting sale underscores the rising demand for high-end European-style residences in Dubai, a trend that 25 Degrees has expertly capitalized on.
- Prestigious Developer: Known for their luxurious residences built to the highest standards of European style, 25 Degrees has once again proven their expertise and commitment to quality with this landmark sale.
Dubai’s Luxury Real Estate Boom
- Global Leader: Dubai continues to lead the world’s luxury real estate market, with 431 property sales exceeding $10 million in 2023, an impressive 80% increase over London, the second-largest market in this category. The Palm Jumeirah alone saw 21 transactions over $10 million, totaling $365 million (Knight Frank).
- Attractive Market: Dubai’s thriving business and leisure landscape attracts ultra-high-net-worth individuals (UHNWIs) from around the globe, driving demand for luxury properties. 25 Degrees is at the forefront of this boom, employing premium materials, rare stones, and high-end appliances to cater to this elite clientele.
Vision for the Future
David von Rosen, co-founder of 25 Degrees, commented, “The Dubai real estate market is thriving, and at 25 Degrees, we are at the forefront of this growth. Our dedication to fine building and craftsmanship sets us apart in this competitive industry. With Dubai’s exceptional lifestyle options, the city is increasingly becoming a prime location for UHNWIs, both for business and long-term residence. We are confident that this trend will support our goal of selling 100 homes by 2030.”
About 25 Degrees
25 Degrees is a premier real estate developer based in Dubai, named after the city’s latitudinal position. Specializing in large, European-style homes, the boutique developer caters to the city’s affluent residents. Known for creating magnificent residences in Dubai’s most prestigious neighborhoods, 25 Degrees partners with innovative designers and sources premium materials and appliances from top international brands. By 2030, the developer aims to sell 100 luxury homes in the region.
