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Most Expensive Townhouse ever sold in Dubai reaches Record Price of AED 35.5 million

Most Expensive Townhouse ever sold in Dubai reaches Record Price of AED 35.5 million

19 September 2022 – Dubai, UAE: Driven Properties has once again broken records with the sale of a property in the prestigious Villa Amalfi development located on the highly sought-after Jumeira Bay Island. The 5-bedroom, 4,558 sq ft townhouse sold for AED 35.5 million, making it the most expensive townhouse ever sold in Dubai.

The agents behind the unprecedented deal are Kianoush Darban, current holder of Property Finder’s “Best Agent in Dubai” award, and Lina Allaoa, both specialists in the high-end residential market .

“Jumeira Bay has outperformed every area in Dubai in terms of price growth over the past two years and has become one of the most desirable destinations for ultra-high net worth individuals. Following the success and sellout of our project on the island, Sea Mirror, we have seen a surge in demand for other properties there, most notably Bulgari Residences and Villa Amalfi,” said Abdullah Alajaji, Founder of Driven Properties.

Villa Amalfi offers the finest in coastal living in the heart of Dubai. The homes have breathtaking views from the secluded rooftop terraces – on one side, the Arabian Gulf, and the other, the dazzling city skyline. Inside, modern aesthetics meet high-end finishes, offering the ultimate in contemporary living. The townhouse community is built around a lush private park and features a range of state-of-art community facilities, with the Bulgari Resort, Marina and Yacht Club a short walk away.

A specialist in the Jumeira Bay neighborhood, as well as other premium locations across the city including Palm Jumeirah, City Walk, Bluewaters and Downtown Dubai, real estate brokerage Driven Properties has established itself as a leader in the luxury property space since it was founded in 2012. Last year, the company become the only UAE-based member of Forbes Global Properties, an invite-only consortium of the 100 best brokerages worldwide.

The company’s latest accolade joins a series of other record-breaking achievements: the sale of the most expensive piece of land in Dubai – also located on Jumeira Bay Island, which exchanged hands for AED 70 million, the most expensive penthouse in One at Palm Jumeirah which sold for AED 85 million, and a three-bedroom unit at the Bulgari Resort and Residences which sold for 12,624 AED per square foot, making it the highest recorded price per square foot in the history of Dubai.

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