Dubai Sotheby’s closes Dhs161m Palm Jumeirah villa sale, sets new pricing record

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Dubai Sotheby’s International Realty closed the most expensive secondary villa sale on Palm Jumeirah this year, at Dhs161m ($43.8m).

The deal, which also marked the second-highest sale on a per square foot basis in 2025 at Dhs14,679.39, involved a ‘Signature Villa’ developed by property firm 25 Degrees.

The residence spans 10,900 square feet, with six bedroom suites, multiple living areas, a private cinema and a pool deck overlooking the Atlantis the Royal Resort & Residences.

The sale was exclusively managed by Dubai Sotheby’s, with executive partner Leigh Borg representing the seller and senior global property consultant Filippo Tavernaro acting on behalf of the buyer.

“This was a rare and exclusive listing that stood out even in a highly competitive market,” Borg said. “Every aspect of the property was executed at the highest level, and with the calibre of clients that Palm Jumeirah attracts, homes like this don’t stay on the market for very long.”

Tavernaro added: “Transactions like this are made possible thanks to the strength of the network and the global platform we have. It is also a testament to the quality of the homes available. The price tag is no bar for buyers when the property ticks all the boxes.”

Dubai’s real estate market has maintained strong momentum in 2025 with landmark sales across Jumeirah Bay Island, Emirates Hills and Dubai Hills Estate.

Dubai Sotheby’s recent sale

Sotheby’s recently closed this year’s most expensive residential plot sale, also on Palm Jumeirah.

“With every landmark transaction, we reinforce our position as the foremost authority in Dubai’s super-prime property market,” said Chris Whitehead, managing partner at Dubai Sotheby’s. “This marks our second record-breaking sale on Palm Jumeirah in recent months. To me, this underlines not only the prestige of the location but also the strength of demand at the very top of the market, setting the tone for a powerful close to 2025.”

David von Rosen, co-founder of 25 Degrees, said: “This sale is a clear sign of the strength and maturity of Dubai’s top-end property market, driven by a continued influx of high-net-worth individuals looking to capitalise on the Emirates’ world-leading luxury lifestyle opportunities.”

It is the second record-breaking sale of a villa developed by 25 Degrees, following its Dhs62m Garden Home transaction in 2024.

The firm in June purchased a 90,000 square foot plot on Palm Jumeirah for Dhs365m and has partnered with architect Killa Design to deliver a series of custom-built properties on the site.