Luxury meets privacy at this exclusive island in Dubai
Dubai’s Jumeirah Bay, often referred to as the Billionaires’ Island, is an exclusive enclave reserved for the ultra-wealthy. Located off the coast between Downtown Dubai and the World Islands, this private island is home to some of the world’s richest individuals, including centimillionaires and billionaires.
Connected to Dubai by a private bridge, Jumeirah Bay features only 128 ultra-premium plots. The island offers unmatched privacy, breathtaking views of the Dubai skyline, and direct waterfront access, making it one of the most sought-after residential destinations.
“Plots on the island were initially sold only to Gulf royals. The net worth of the people who own properties here is much higher than one can imagine. Most of them are billionaires, not millionaires. Those investing in Bvlgari Residences recognize that their property is a rare and prized asset. Finding a seller is extremely difficult, and most transactions happen off-market,” said Rasha Ibrahim.
Jumeirah Bay has firmly established itself as the pinnacle of ultra luxury real estate in Dubai, consistently setting new records for property transactions.
The latest milestone was a six-bedroom, custom-built villa sold for an astonishing Dh330 million, the highest price ever recorded for a home on the island. This sale shattered the previous record of Dh240.5 million.
“The island’s properties achieve higher per square foot prices than Palm Jumeirah and Emirates Hills. The recent Dh330 million transaction cements Jumeirah Bay’s position as the leader in Dubai’s ultra-luxury real estate market. As demand grows, the island will continue to set new benchmarks,” said Regan Faulkner
Rasha highlighted that a custom-built villa on Jumeirah Bay costs nearly double that of other luxury communities like the Palm Jumeirah.
“We have offered Dh500 million to some owners, but they refused to sell. Some have even stated that they wouldn’t consider selling for Dh1 billion. The exclusivity Jumeirah Bay offers is unparalleled,” she said.
“There are individuals who rent only in Bvlgari Residences because they won’t settle for anything less. They come from the most prestigious locations in London and the US and simply cannot find an equivalent residence in Dubai.”
Dubai’s prime residential market has witnessed significant growth, with Jumeirah Bay Island leading the charge. While overall prime real estate in Dubai saw an 18.2 percent increase in value, properties on the island have appreciated at an even higher rate.
In just three months, plot prices on Jumeirah Bay surged from Dh150 million to Dh180 million, marking a 20 percent increase. This trend underscores the overwhelming demand and limited availability of properties on the island.
“Unlike other luxury communities, Jumeirah Bay is a true standalone island accessible only via a single private bridge. This ensures residents enjoy an unrivaled level of privacy, an ultra-prime waterfront location, and panoramic views of the Dubai skyline and Arabian Gulf.”
The island offers a unique opportunity for complete customization. Buyers can design and build ultra-luxury mansions tailored to their preferences. Additionally, residents have access to the world-class Bvlgari Resort and Yacht Club, enhancing the luxury lifestyle experience.
According to Real Estate Brokers, property prices on Jumeirah Bay increased by more than 40% last year. Some plots, originally sold for Dh25 million, have now appreciated by over 200 percent, further solidifying the island’s status as Dubai’s premier luxury real estate destination.
Source : Khaleej Times
