Latest news with #25Degrees
The National
5 days ago
- Business
- The National
Five luxury villas to be built on plot sold for $100m in Dubai's Palm Jumeirah
Five luxurious villas will be built on land bought for Dh365 million ($99.4 million) on Dubai's Palm Jumeirah by developer 25 Degrees, as the emirate records growing demand for prime property. The 90,000 square foot plot of undeveloped land is located at the tip of a frond. Dubai-based 25 Degrees plans to build four luxury beach villas there, as well as a double-sized villa at the tip of the frond, it said in a statement. The property will have 120 metres of private beach, with the company aiming for a 'record-breaking sale'. 'Securing an undeveloped plot of land on the Palm is already a genuine rarity – let alone a spot at the tip of the frond, surrounded by sea views and open air. This is the height of exclusivity,' David von Rosen, co-founder of 25 Degrees, said. The company focuses on super-prime homes marketed to ultra-high-net-worth individuals (UHNWIs). The influx of wealthy people to the Emirates has supported the UAE's property market, which has been benefiting from government initiatives such as residency permits for retired and remote workers, expansion of the 10-year golden visa programme and overall growth in the country's economy. Dubai registered 111 sales of homes valued at more than $10 million in the first quarter of 2025, according to property consultancy Knight Frank. It marks the 'highest Q1 result on record' and a 5.7 per cent annual increase with a total value of $1.9 billion, Knight Frank said. Palm Jumeirah remained the top destination for $10 million-plus homes, with 34 transactions worth $562.8 million in the first quarter. Dubai also recorded 12 deals on homes valued at more than $25 million in the first quarter, deals which 'reflect continued appetite from global UHNWIs seeking one-of-a-kind trophy homes', Knight Frank said. Last year, Dubai was ranked first in the world, both in terms of the value and volume of $10 million-plus home sales, with 435 deals worth $7.1 billion. The UAE drew in 7,200 millionaires last year, building on an influx of 4,700 in 2023 and 5,200 in 2022, Knight Frank said, quoting data from Henley & Partners. The total number of dollar millionaires in the UAE stood at 130,500 at the end of December, ranking the Emirates as the 14th-largest wealth market. The latest sale of the land plot on Palm Jumeirah was brokered by Dubai Sotheby's International Realty, which claimed that it was the highest-value land deal recorded on the island this year. 'Palm Jumeirah unequivocally remains the ultimate address for Dubai's global elite,' said George Azar, chairman and chief executive of Dubai Sotheby's International Realty. 'As prime inventory continues to tighten, we anticipate land values and bespoke mansion prices will appreciate significantly in the years to come.' According to Dubai Sotheby's International Realty, in the January-May period of this year, prices in Palm Jumeirah surged by 18.92 per cent, despite a 14 per cent dip in transaction volume.
Gulf Business
5 days ago
- Business
- Gulf Business
$100m plot sold in Dubai: Here's where its located
Image credit: Supplied Dubai Sotheby's International Realty has brokered the sale of a residential plot on Palm Jumeirah for Dhs365m ($100m), setting a new record for the island's most expensive land transaction in 2025. The 90,036 square feet freehold plot occupies a coveted frond tip position — among the rarest land sites on Palm Jumeirah — with unobstructed views of Bluewaters Island, and the Dubai Marina skyline. With most of the island already developed, prime land opportunities have become increasingly scarce, fueling demand from developers and ultra-high-net-worth individuals (UHNWIs). Read: George Azar, Chairman and CEO of Dubai Sotheby's International Realty, said the deal underscores Palm Jumeirah's status as a premier destination for global wealth. 'The sale of this rare frond tip plot highlights the enduring prestige of Palm Jumeirah,' he said. 'As supply continues to tighten, we expect both land and ultra-prime residence prices to rise further.' Image credit: Supplied The buyer, 25 Degrees, is a boutique developer known for producing architecturally distinctive luxury homes in Dubai's most elite neighborhoods. The company is expected to build a custom-designed residence on the site, targeting the emirate's growing market for bespoke ultra-luxury homes. Surging prices, strong investor confidence Leigh Borg, Executive Partner at Dubai Sotheby's, represented the seller in the transaction. 'This site offers a rare opportunity to deliver a landmark property,' Borg said. 'In today's competitive luxury market, originality and visionary design are crucial.' The landmark deal follows a record-setting trend in Dubai's high-end real estate market. In December 2024, Dubai Sotheby's also facilitated the Dhs130m ($35.4m) sale of a five-bedroom Signature Villa at Six Senses Palm Jumeirah — one of the world's top ten most expensive branded residences sold that year. According to Dubai Sotheby's data, Palm Jumeirah has seen land prices climb by 18.92 per cent between January and May 2025, even as transaction volumes declined by 14 per cent. The surge in value reflects growing interest from both developers and international buyers seeking secure investments and waterfront living. Data from the Dubai Land Department supports this upward trend, with over 7,700 plots transacted in the first 100 days of 2025 alone. The figures highlight strong investor confidence and sustained momentum in Dubai's luxury market, particularly in limited-supply zones like Palm Jumeirah. Dubai Sotheby's International Realty continues to lead the ultra-prime property sector in the region, facilitating marquee transactions that reflect Dubai's position as a global hub for elite real estate investment.
Arabian Business
6 days ago
- Business
- Arabian Business
Dubai real estate: 25 Degrees secures $100mn Palm Jumeirah land deal for villa development
Dubai-based property developer 25 Degrees has completed a $100 million land acquisition on Palm Jumeirah, securing a 90,000 square foot plot at the tip of a frond. The undeveloped plot represents a rare opportunity on Palm Jumeirah, where most land has been built upon and freehold plots are tightly held. The transaction totalled 365 million dirhams, equivalent to nearly $100 million. $100mn Palm Jumeirah land deal 25 Degrees, co-founded by international investor and billionaire David von Rosen, specialises in developing properties for ultra-high-net-worth individuals (UHNWIs). The company achieved recognition last year with a $17 million villa sale, setting a record for a renovated Garden Home on the Palm. The developer plans to construct four beach villas on the newly acquired plot, alongside a double-sized villa positioned at the tip of the frond. This property will feature 120 metres of private beach and panoramic sea views. The land acquisition follows 25 Degrees' announcement of its collaboration with Killa Design, the architectural firm behind Dubai's Museum of the Future. The partnership aims to meet demand for properties driven by the influx of UHNWIs to Dubai. 'This is an exciting moment for 25 Degrees, and a major strategic milestone as we continue to expand our footprint across the prestigious Palm Jumeirah. Securing an undeveloped plot of land on the Palm is already a genuine rarity – let alone a spot at the tip of the frond, surrounded by sea views and open air. This is the height of exclusivity. Spanning 90,000-sq-ft, we're planning to build five new villas on this exclusive plot of land, one of which will be a double-sized beachfront villa. With 120 meters of its own private beach, we'll be eyeing up the possibility of another record-breaking sale. Above all, this plot is a blank canvas. It's an opportunity for us to carve out our vision for luxury living in Dubai, setting new standards and expectations for UHNWIs settling in the region,' David von Rosen, co-founder of 25 Degrees said. The development will comprise five villas in total, with the beachfront property positioned to potentially achieve another record-breaking sale, according to the company.
Zawya
08-04-2025
- Business
- Zawya
Dubai group teams up with Killa Design for Palm Jumeirah projects
Dubai-based super prime property developer 25 Degrees has partnered with renowned architecture firm Killa Design to create two custom-built ultra-luxury Signature Villas on Palm Jumeirah, redefining the pinnacle of sophisticated waterfront living. The two new beachfront villas will be located close to the tip of one of the Palm's fronds, and will be custom-built from the ground up on a previously empty plot – setting them apart from the renovated, pre-existing villas that dominate Palm Jumeirah's offering. 25 Degrees' partnership with Killa Design comes just a year after the property developer first launched on Palm Jumeirah, highlighting its ambition to become the leading villa brand in the city, said the developer in a statement. Co-founded in 2023 by international investor and entrepreneur Dr. David von Rosen, who invested $80 million+ in the brand upon launch, 25 Degrees is seeking to become the leading and most trusted brand in Dubai for super prime villas. Killa Design is the architectural firm behind some of the Middle East's most iconic buildings, including Dubai's Museum of the Future, the Jumeirah Marsa Al Arab Hotel, Saudi Arabia's Opera House, and Bahrain's World Trade Center. Co-founded by Shaun Killa in 2015, Killa Design has won a series of high-profile industry awards, including Architecture Firm of the Year and the Architecture Master Prize, it stated. The partnership also comes hot on the heels of their first property sale earlier this year, which broke a record for the largest-ever sale of a Garden Villa property on the Palm at $16.9 million. Now, they're looking to break the record for the sale of a Signature Villa property on the Palm through their partnership with Killa Design. "At 25 Degrees, we want to push the boundaries of luxury living and craftsmanship, and with Killa Design's expertise and track record of innovation on board, our next two villas will do just that," remarked David von Rosen. 25 Degrees, he stated, is known for developing super prime properties on Palm Jumeirah to the highest standards of European style and specifications. The brand is catering for the influx of ultra-high-net-worth individuals to the city. These ultra-luxury villas are designed to offer uninterrupted panoramic views of the Arabian Gulf and marina. Each villa embodies a distinct identity, one showcasing an interplay of floating planes, textures, and deep layering, while the other displays elegance, with smooth, curvilinear forms flowing into the horizon, he added. According to him, both designs celebrate a balance between indoor and outdoor living, featuring double-height lounges, sculptural staircases, and floor-to-ceiling glazing. These residences have been curated to offer a sensory retreat with infinity pools stretching toward the sea. Sunken seating with reflection pools provides an escape, while cascading water features and sinuous landscaping enhance the villa's serene ambiance. The villas feature both formal and informal living areas. The master suites offer ocean vistas and open into his-and-her spa-inspired bathrooms. The walk-in wardrobes are generously proportioned, blending bespoke craftsmanship with functionality, it added. von Rosen said each villa houses a state-of-the-art home cinema, a fully equipped private gym, a serene spa, and an exclusive car gallery. The rooftop features a private plunge pool, an open-air cinema, and an alfresco gourmet BBQ lounge, all framed by panoramic views of the sea and skyline, he noted. With direct access to the shores of Palm Jumeirah, these villas encapsulate the height of exclusivity and architectural excellence. Setting a new benchmark in ultra-luxury living, 25 Degrees and Killa Design continue to push the boundaries of design, craftsmanship, and sophistication in Dubai's most coveted address, he noted. The development process of 25 Degrees' two newest villas is now underway, he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
