Real estate on Palm Jumeirah is extravagant – but this villa beats them all, says its owner. The buyer and new owner of the magnificent specimen will also receive a Ferrari, a Rolls Royce and a Harley.
Michael Adam Alibhai is originally from Sweden and owns a luxury villa on Palm Jumeirah in Dubai. Alibhai, the 43-year-old owner of a large fashion company, is moving back to his homeland after 20 years in Dubai – he doesn’t want to miss any more precious moments with his family, writes Mansion Global. The property with a private beach at the tip of one of the palm-leaf-shaped arms of the man-made island is now for sale for 120 million AED (Dirham – United Arab Emirates) or the equivalent of 32.67 million dollars.
The villa on Palm Jumeirah – pure luxury
However, it is not just any villa. Mansion Global quotes Alibhai as saying, “I wanted to amaze people when they come to visit me.” And so Gulf Sotheby’s International Realty is promoting the Beverly Hills and Bel Air-inspired property with three kitchens, one vodka bar, one Wine cellar, three house cinemas, a pool and a hot tub on the roof, the water view, a spa, a fitness center and much more.
In a video and pictures shown by Gulf Sotheby’s International, the bright and splendid furnishings and the nocturnal lighting of the approximately 400 square meter house can be viewed.
Ferrari, Rolls Royce and Harley
The villa apparently impresses its visitors not only with its location and large number of rooms: Part of the facility is an art collection, which also includes a life-size statue of a figure from the film “Transformers” and a specially made, golden-yellow Harley Davidson – both will , like the entire facility, with sold.
The purchase price of the property also includes the Rolls Royce Wraith belonging to the house and a Ferrari 599 GTO.
Alibhai sells on a fluctuating market
According to Mansion Global, the current owner acquired the property – Palm One 100 – in 2011 and invested six years in its design and furnishings: “I chose every single marble myself,” he is quoted as saying. But Alibhai does not reveal the price of the land at the time.
Houses and land on Palm Jumeirah are valued at up to $ 50 million, according to realtor Leigh Borg of Gulf Sotheby’s International Realty, reports Mansion Global. However, in recent years prices have fallen due to lower oil prices, political unrest and an unstable currency. That would cause the market on which Alibhai sells to fluctuate – however, with the Covid-19 pandemic, many rich people would change their lifestyle and prefer properties like Palm One 100 that offer them space and space.
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The future buyer of the property may strike a bargain: There is no other property on Palm Jumeirah that combines luxury, uniqueness and art in one building, Alibhai told Arabian Business. The house itself is a single work of art.
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