Dubai’s most expensive property gets a new owner, sells for $18.6 million

When it comes to real estate, we hear some of the best stories from Dubai. Hot on the property-news is the sale of Dubai’s most expensive property to-date. The new Indian-origin owner, who prefers to be known as millionaire-anonymous, has spent £12 million ($18.6 million) on his new villa which sits on the man-made wonder known as The Palm Jumeirah.

Architects on the swanky project are the LW Design Group, working on behalf of developer AA Real Estate and Development.
Inside the 13,000 square feet, custom-designed house called the M State is six bedrooms, seven bathrooms, a 167-foot private beach, 55-foot infinity swimming pool and a cinema room.
The interiors have been kept minimal and tranquil with its white walls, huge glass balconies and loungers by the pool. The furniture is believed to have been kitted out by UAE-based furniture design practice, Finasi.
Now while it may have claimed the ‘most expensive’ title already, the property was actually snapped up in a bargain as it was originally listed for £13.3 million ($20.6 million). Talk about getting lucky! The rich and lucky new owner will take receipt of his new home in December this year.

[Via – Daily Mail]

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