British buyer pays $19m for off-plan villa on Palm Jumeirah

admin 30/06/2015

A villa on Dubai’s Palm Jumeirah has sold for an eye-watering $19 million (AED70 million), marking a new high for luxury villa prices in the emirate.

The custom designed off-plan villa, called M State, has been purchased by an unnamed British businessman of Indian origin, according to the real estate agent handling the sale.

Once constructed, M State will be one of five exclusive villas located on the tip of Frond M on the Palm. It has 360-degree views of the sea and a view of Dubai’s skyline to the south.

There are six bedrooms, seven bathrooms (one of which is en suite), a 17-metre-long infinity swimming pool, 51-metre private beach and dedicated cinema room.

Palm-Villa-1

Source Arabianbusiness.com

 

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