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

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    Tuesday, July 5, 2022
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    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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    Stock One100 5
    The priciest residential deal in 2021 so far will remain on the holiday home rental market. Image Credit: Supplied
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    Stock One100 13
    The villa occupies the tip of the 'N' frond on the Palm, a much coveted spot. Image Credit: Supplied
    3 of 17
    Stock - One100
    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
    4 of 17
    Stock One100 4
    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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    Stock One100 14
    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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    Stock One100 22
    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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    Stock One100 8
    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
    8 of 17
    Stock One100 7
    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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    Stock One100 6
    Watch a movie while at the pool? It’s all there... Image Credit: Supplied
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    Stock One100 12
    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
    11 of 17
    Stock One100 17
    The three-storey structure is done up in imported marble from Europe. Image Credit: Supplied
    12 of 17
    Stock One100 16
    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
    13 of 17
    Stock One100 10
    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
    14 of 17
    Stock One100 15
    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
    15 of 17
    Stock One100 23
    And a popcorn machine for any cravings... Image Credit: Supplied
    16 of 17
    Stock One100 9
    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
    17 of 17
    Stock - Palm ONE100
    Now, who's going to make the first booking for a stay at the One100? Image Credit: Luxhabitat

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