Dubai's Palm Dh111m villa: Rent this Dubai holiday home if you can

New owner decides on short-term rentals for super-luxury home

Published: March 09, 2021 06:50 Last updated: March 11, 2021 12:15 Manoj Nair, Business Editor and Cesar Valondo, Editorial Assistant

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The priciest residential deal in 2021 so far will remain on the holiday home rental market. Image Credit: Supplied

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The villa occupies the tip of the 'N' frond on the Palm, a much coveted spot. Image Credit: Supplied

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But the One100 sure didn’t surprise when the eventual sold price was announced – Dh111.25 million. That it would fetch upwards of Dh100 million was a no-brainer. The only question was whether the deal would be closed near the Dh120 million asking price. Image Credit: Supplied

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The One100 has certainly been making waves ever since it was listed for sale in June 2020. The location was just part of it… Image Credit: Supplied

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The new owner wishes to remain anonymous. But the buyer is based in Monaco, and has already left instructions to find potential guests who want to rent out the entire 14,000 square feet villa for a holiday break. Image Credit: Supplied

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The property was designed from the ground up by its previous owner, Michael Adam Alibhai, who brought in a lot of his own aesthetics into it. Funky is a term that would describe some of the elements that make up the One100. Image Credit: Supplied

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And Alibhai didn’t hold back on topping it out with all the creature comforts and space that anyone with Dh100 million and some to spend on a home would want. Image Credit: Supplied

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How easy - or otherwise - was trying to sell it right in the middle of a pandemic? The listing was done in June of 2020 – “Our data shows us that for properties of this sort that this – 8-9 months - is the average duration of the listing before it's sold,” said Leigh Borg, Managing Director of Luxhabitat Sotheby’s International Realty. Image Credit: Supplied

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Watch a movie while at the pool? It’s all there... Image Credit: Supplied

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Now, the bit about space. When you have 14,000 square feet available, there’s so much that can be done to make full use of it. A master-bedroom of 1,300 square feet is part of the package. Image Credit: Supplied

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The three-storey structure is done up in imported marble from Europe. Image Credit: Supplied

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Working out with a view. Fitness needs get their own share of detailing at this Palm home. Future guests will be taking note… Image Credit: Supplied

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For the new owner, there’s no need to bring in any furniture. The One100 comes pre-fitted out with Bentley & Minotti furniture decor by Louis Vuitton & Hermes. Plus, the many custom-made pieces handpicked by the seller. Image Credit: Supplied

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On the second floor is the home cinema and furnished the Hermes way. An IMAX screen and 4K projector are part of the scenery. Image Credit: Supplied

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And a popcorn machine for any cravings... Image Credit: Supplied

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For anyone who feels they have missed out on landing a Dh100 million property on the Palm, don't fret. There's more that are available. According to feedback, there are at least four of them on the market right now. Image Credit: Supplied

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Now, who's going to make the first booking for a stay at the One100? Image Credit: Luxhabitat

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