Explore the ‘Marble Palace’ – Dubai’s Exquisite $204 Million Real Estate Gem
Description: Dubai, a city renowned for its opulence and grandeur, has recently unveiled its most expensive residential property to date. Affectionately known as the ‘Marble Palace,’ this magnificent mansion is captivating the attention of luxury real estate enthusiasts worldwide. Priced at a staggering Dh750 million ($204 million), the estate offers an unparalleled level of sophistication and indulgence. With its unique features, including panic rooms, a hotel-sized pool, and a 24-carat gold Jacuzzi, the Marble Palace epitomizes Dubai’s commitment to creating extraordinary living spaces.
Spanning over 70,000 square feet of land, with an additional 60,000 square feet of meticulously crafted living space, the Marble Palace, located in the prestigious Emirates Hills, stands as a testament to architectural excellence. Luxhabitat Sotheby’s International Realty proudly represents this unrivaled property, which boasts captivating elements such as a coral reef aquarium, two domes, and an astonishing 160 marble columns.
The domes, soaring over 14 meters from the ground floor, showcase the meticulous work of 17 French artists who intricately hand-carved individual glass pieces. Complemented by 20,000 pieces of textured glass, the domes create an ethereal atmosphere that transports residents and visitors to a realm of majestic beauty.
The villa’s facade is a masterpiece in itself, adorned with hand-worked marble cladding sourced from around the world. Each detail has been thoughtfully curated to create an ambiance of timeless elegance and sophistication.
The Marble Palace is not only a symbol of extraordinary luxury but also a testament to the dedication and craftsmanship of the team involved in its creation. Over nine months, 70 skilled artisans meticulously applied 700,000 sheets of gold leaf, adding a touch of opulence that permeates every corner of this remarkable property.
Dubai’s luxury real estate market has been thriving, with an increasing demand for lavish residences. According to a report by Knight Frank, Dubai ranks as the world’s fourth-most active market in the luxury residential segment. In 2022, the city witnessed the sale of 219 homes priced above $10 million, totaling $3.8 billion in transactions.
The trend of affluent buyers acquiring luxury properties continues to rise, as demonstrated by the first quarter of 2023, which saw Dubai’s luxury home sales reaching Dh6 billion. Prime residential areas, including The Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island, accounted for 64 percent of luxury home sales during this period. The average transaction price in these sought-after locations reached Dh8,800 per square foot.
Luxury comes at a premium, and the average price of ultra-luxury homes in Dubai witnessed a significant increase of over 27 percent in the first quarter of 2023, as reported by Luxhabitat Sotheby’s. The average price of a prime property in the emirate soared to Dh25.2 million during this period, reflecting the desirability and exclusivity of Dubai’s luxury real estate market.
The Marble Palace boasts a 360-square-meter master bedroom, accompanied by a spacious mini-master bedroom and three additional bedrooms. Furthermore, the potential to add eight more rooms allows residents to tailor the estate to their specific needs. The bathroom-to-bedroom ratio of four to one ensures the utmost comfort and privacy.
For those seeking to maintain an active lifestyle, the estate offers a 200-square-meter gym on the first floor, while car enthusiasts will appreciate the convenience of a 16-car garage in the basement. Additional highlights include a generous cellar and
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