Dubai's Palm Jumeirah is home to "Billionaires' Row" where super mansions for the ultra-rich are booming

Some of the most expensive villas ever sold in the emirate are located in this neighbourhood, which experts claim is superior to similarly known neighbourhoods in London and New York.

Frond G

One of the famous Palm Jumeirah's fronds is quickly developing a specialised reputation among the super-wealthy. Despite being one of the smallest on the Palm, Frond G has recently seen record-breaking real estate sales.

The most expensive villa ever sold in Dubai is located on what is commonly referred to as "Billionaires' Row". The iconic mansion built by Alpago Properties sold for a cool Dh302.5 million on October 3, breaking the previous record of Dh280 million. The four storeys and enclosed area of the eight-bedroom ultra-luxury villa total roughly 25,000 square feet.

Billionaire's Row

Billionaire's Row in the Middle East is far more affordable than its counterparts in London and New York.

“Billionaires’ Row is quickly becoming an iconic location within the city of Dubai when it comes to luxury property because of its unrivalled selection of high-end villas and overwhelming convenience,” said Murat Ayyildiz, founder of Alpago Properties, which has developed six signature villas on Frond G.

Ayyildiz said that Frond G has more signature villas than all of Palm Jumeirah.

Demand from international buyers

Demand for ultra-luxury properties in Dubai's top neighbourhoods, such as Palm Jumeirah and Emirates Hills, has been unusually high following the success of Expo 2020 and the effective management of the epidemic, driven primarily by international buyers from Europe, Russia, and India.

As one of the few completely custom-built fronds, Frond G appears to have turned into a sort of developer arms race, with each villa pushing itself on the surroundings and providing a higher level of luxury, scale, architectural flare, or sumptuous lifestyle.

In addition to New York and London, Cem Kapancioglu, the founder and managing director of CK Architecture Interiors, which designed and constructed six villas on Frond G, said that Dubai has long been recognised as a prime location for wealthy property investors.

Do billionaires actually live on the Billionaires’ Row?

One question that arises right away is whether billionaires genuinely reside in and own these lavish homes on Billionaires' Row or if they belong under the millionaires' category.

Only the extremely wealthy can afford one of these stunning works of modern architecture because each property costs more than Dh100 million.

According to earlier reports, Indian entrepreneur Mukesh Ambani, one of the richest persons in the world, paid over $80 million for a property in Palm Jumeirah (Dh293 million). He purchased the luxurious home for his son Anant.

Dubai vs London and New York

The "Billionaires' Row" in Dubai is comparable to other well-known rows in London and New York. However, it is said that real estate in the emirate is less expensive than comparable homes.

The "Billionaires' Row" in Dubai is undervalued in comparison to cities like London and New York, much like the rest of the real estate market in the UAE.

In contrast to London's "Billionaires' Row," where the typical home costs £87 million (Dh390 million), the most recent transfer in Dubai was for £67 million (Dh300 million). You are compelled to think that Dubai's "Billionaires' Row" will continue to increase in value over the next years when you compare what that money can buy you there to what it can buy you in London.

“Billionaires’ Row” in Dubai is more exclusive than anywhere else in the world.

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