Now we know what Dh100 million will buy you – this house, with Dh5m to spare. Situated next to the tip of Frond O on Palm Jumeirah, this ultra-modern six-bedroom home is called The View because of its uninterrupted skyline aspect of Dubai Marina and open water of the Gulf.
At Dh95m, the new build has been priced as an asset few UAE residents will be able to afford; however, after only seven weeks on the market it has received five offers, according to Knight Frank. The property was delivered only last month to a private developer and has never been lived in. With floor to ceiling windows throughout, the jury is out on what the curtain bill may look like.
The original design of the villa was enhanced with the positioning and appointing of all the rooms to offer the best views, maximising both light and space. With high ceilings and all the doors across the property able to fold back, there is an open, spacious, bright living space with the metropolis as your back drop beyond views of the sea.
Sprawling over 15,000 square feet, the villa offers five large bedrooms plus a gym (fully en suite with a sauna) which could be used as a sixth bedroom. The duplex master suite has a large walk-in dressing room. Buyers can also enjoy basement parking for four cars including a driver’s room, an infinity pool, Jacuzzi and lawn area which runs at the same level as the beach, smart home technology and a terrace with lit glass bridges.
The signature of the villa is from inside to out with a mood wall beginning at the path to the door, carrying through the house over three floors. The LED display can be changed to suit the occasion or ambience.
There is also a private cinema, two family rooms, a modern kitchen, service kitchen and staff room with private entrance.
One of the key selling points to this villa is not what it is, but what it is next to. Next door will be the biggest private residence in Dubai that is not a palace, offering 103,000 sq ft of built-up area. The location proves that no matter what you have, there is always someone else with more.
Q&A
Gregory Lewis, a senior negotiator with the estate agent Knight Frank, reveals more about this Dh95 million property:
Will buyers of this Dh95m signature villa really want to live next door to something even bigger?
Of course they do. The UAE’s biggest private residence will be a marker to say that this is obviously one of the most pre-eminent places in Dubai.
Well, the Palm Jueirah sort of gives that away ...
It does, but some fronds are better than others, this is Frond O. This residence takes about five to eight minutes to get to once you are on the Palm, which is pretty easy. It will also be very close to the mall once it is open (the 418,000 square metre Nakheel Mall is expected to complete in 2016), so it is brilliantly located and has a fantastic view – hence its name.
You say there has been a lot of interest?
Yes, we have had five offers already.
How much are they offering?
I can’t say, but when you are dealing with the ultra-rich everything has to be just so and some of the offers have not been. This house will be for a client that has a property portfolio and will probably not be lived in year-round. It also has the Palm’s first private underground parking for four cars, a private beach, an infinity pool, a Jacuzzi, gym, cinema and duplex master bedroom. The person who buys this will want for nothing.
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Captain Marvel
Director: Anna Boden, Ryan Fleck
Starring: Brie Larson, Samuel L Jackson, Jude Law, Ben Mendelsohn
4/5 stars
How to turn your property into a holiday home
- Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
- Research equivalent Airbnb homes in your location to ensure competitiveness.
- Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
- Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
- Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
The Farewell
Director: Lulu Wang
Stars: Awkwafina, Zhao Shuzhen, Diana Lin, Tzi Ma
Four stars
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
COMPANY%20PROFILE%20
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
The specs
The specs: 2019 Audi Q8
Price, base: Dh315,000
Engine: 3.0-litre turbocharged V6
Gearbox: Eight-speed automatic
Power: 340hp @ 3,500rpm
Torque: 500Nm @ 2,250rpm
Fuel economy, combined: 6.7L / 100km
Confirmed%20bouts%20(more%20to%20be%20added)
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Company%20profile
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Company%20Profile
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Mental%20health%20support%20in%20the%20UAE
%3Cp%3E%E2%97%8F%20Estijaba%20helpline%3A%208001717%3Cbr%3E%E2%97%8F%20UAE%20Ministry%20of%20Health%20and%20Prevention%20hotline%3A%20045192519%3Cbr%3E%E2%97%8F%20UAE%20Mental%20health%20support%20line%3A%20800%204673%20(Hope)%3Cbr%3EMore%20information%20at%20hope.hw.gov.ae%3C%2Fp%3E%0A
Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
The%20Specs
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COMPANY%20PROFILE%20
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