Press Release: Most expensive villa in Dubai - Sold!

Luxhabitat Sotheby's International Realty is proud to announce the sale of One100Palm at AED 111.25 million

08 Mar 2021, words by Aneesha Rai in Company News

Luxhabitat Sotheby's

Luxhabitat Sotheby’s International Realty is proud to announce the sale of One100Palm at AED 111.25 million, making it the most expensive property sold in 2021 to date. Listed by Leigh Borg, Managing Director at Luxhabitat Sotheby’s International Realty, this brand new custom modern contemporary villa has been designed by the seller Michael Alibhai from scratch with the utmost care given to every detail. The Swiss family from Monaco is intending to keep the home as a luxury rental and continue promoting it through the website www.one100palm.com. 

The ONE100Palm spans over 3-floors and has a built-up area of 14,000 sq.ft, sitting within the most sought-after frond on Palm Jumeirah. The villa hosts 5 spacious VIP bedroom suites with the master extended to a 1,300 sq.ft. of space. On listing the villa in June 2020, it has received worldwide coverage across media outlets and has also been featured by local influencers like MoVlogs & Supercar Blondie. Seller, Michael Adam Alibhai commented on the sale. “Leigh Borg from Luxhabitat Sotheby’s was extremely professional; he knows his way to deal with high end clientele and executed his work as my broker with excellence. Would highly recommend him to represent high end properties due to his vast knowledge.” 

Leigh Borg, the Managing Director of Luxhabitat Sotheby’s International Realty brokered the deal. “It was a real pleasure to work on such a magnificent villa with all the attention to detail. It made my job so much easier as the villa sells itself. Working with Michael was a real pleasure - Michael set out clear requirements & expectations from the get-go and I was up for the challenge. It is important to build a good relationship, as you have to work closely for a period of time, so very important you both are on the same page. Due to the ‘wow factor’ of the villa and the video receiving over million views, you would get many people wanting to see the villa in person, however, only small percentage of the clients had the actual budget, so we had to shield the villa from this, carrying out the necessary due diligence on clients visiting. This is a personal new record for me, along with having the record in Emirates Hills for highest no.1 and no.2 sales in the past and my third villa transaction of AED 100 million plus. It is always nice to set records for the accolade; however, my main goal is to give a professional service to the client I am representing and to put their needs first - the sales will follow.” 

Some of the highlights of the villa include Bentley & Minotti furniture decor by Louis Vuitton & Hermes and various unique custom-made pieces handpicked and sourced from around the world. Out of three world-class indoor/outdoor cinema lounges, there is an outdoor hydraulic pop-up theatre on the ground floor, rooftop outdoor cinema along with an infinity glass Jacuzzi with a pop-up TV. Located on the second floor is a state-of-the-art home cinema furnished in Hermes. It hosts an IMAX screen, 4k projector, and Dolby ATMOS sound and is armed with a popcorn and nachos machine and a candy bar for snacks. The villa serves doubly as an art gallery – embellished with unique sculptures by Richard Orlinsky and Eero Arnio as well as paintings by Fidia Falaschetti & Scrapsculteres USA.