(MENAFN - Khaleej Times) Palm Jumeirah has added another feather to its cap by being home to one of Dubai's most expensive private homes - a Dh130 million villa by LW Design Group.
Villa Aurum is the final unit in the M.State collection, which features five villas located on the tip of Frond M on the Palm Jumeirah. Created to cater to the needs of the discerning elite, each residence features five or six bedrooms, set over three floors and complimented by lush private landscaping and a sandy beach of at least 28 metres in length, representing a new state of luxury living. Villa Aurum is now presented for sale at Dh130 million on the market.
M.State has been created as a response to a distinct gap in the Dubai super prime residential market, fulfilling a need for quality and stylish living that is utterly unique. Villa Aurum is the result of a dynamic collaboration between architects LW Design Group and interior designer, Finasi.
The house is a six-bedroom villa spanning 1,342.50 square metres with a wealth of amenities, including a cinema, gym, spa and staff quarters and a generous expanse of white sandy beach for complete seclusion and exclusivity.
A framed sculptural tree sits at the heart of the courtyard within a reflection pond that provides a rippling water effect that fills the inside space. Designed to give 120-degree views for infinite light experience, the most commanding spot on the Frond is maximised at every opportunity but always with privacy in mind. Four bedrooms are positioned on the first floor, each with its own balcony.
The second floor contains the master suite linking to a separate office, spa and personal sun terrace. A light-filled guest room can be found on the ground floor.
The BBQ, with its free-standing chimney and a natural fire, is a social focal point of the home, allowing guests to be entertained whilst taking in the bright lights of Dubai.
Colin Doyle, partner of LW Design, said: "The LW team are extremely proud to be involved in the M State Villa project. The project is based on five villa design concepts with a building form that focuses on the infinity edge pools and spectacular surrounding views. The project stood as a great opportunity for us at LW and we are proud of producing architecture that raises the bar and with careful diligence, we have created buildings that feel like homes."
While the Palm Jumeirah has often been home to some of Dubai's most expensive homes, other locations around the emirate have also been seeing their fair share of expensive properties.A six-bedroom Mediterranean Style Mansion in Dubai Hills Estate comes with a built-up area of 21,000 square feet and a price tag of Dh120 million. Spanning over three floors, it offers views of the green golf course and features a huge temperature controlled swimming pool.
Dubai Hills also features another seven-bedroom villa for Dh98 million. With a built-up area of 26,693 square feet, it comes with a temperature controlled infinity pool and is centered around an 18-hole championship golf course.
Previously, the Palm Jumeirah made headlines for the sale of a Dh74 million five-bedroom apartment spanning 24,000 square feet, which is currently the most expensive home sold in 2019.
Property Finder revealed that the second most expensive property sold in 2019 is an Emirates Hills six-bedroom villa spanning 17,800 square feet that fetched Dh64 million on the secondary market. This is followed by a five-bedroom Garden Home villa on the Palm Jumeirah's Fronds which sold on the secondary market for Dh51 million.
In 2018, the most expensive property sold was an Emirates Hills villa on the secondary market for a Dh90 million.
"As property prices decline, both in the secondary and off-plan markets coupled with motivated developers offering many different types of incentives, we are seeing more interest for luxury properties, especially from non-residents. In addition, we are also seeing an increase in enquiries for mortgages from non-residents," says Lynnette Abad, director of Research and Data at Property Finder.
"Properties which were once considered overpriced have become more attractive as prices declined, therefore we are seeing enquiries increase in the more established, prominent and popular areas."
I am a reporter and sub-editor on the Business desk at Khaleej Times. I mainly cover and write articles on the UAE's retail, hospitality, travel, and tourism sectors.Originally from Lahore, I have been living in the UAE for more than 20 years. I graduated with a BA in Mass Communication, with a concentration in Journalism, and a double minor in History and International Studies from the American University of Sharjah.If you see me out and about on assignment in Dubai, feel free to stop me, say hello, and we can chat about the latest kitten videos on YouTube.