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Thursday, May 23, 2024

Inside Dubai's 'Marble Palace' – Home Sold for $204 Million

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The Versailles-like mansion has a paradox

Μεσα στο «Μαρμαρινο Παλατι» τ&omicron ;υ Ντουμπαι - Το σπΙτι που πωλεΙται για 204 εκατ. δολαρια

I'm selling the house, said Yiannis Parios, as he sang the song about separation, and apparently a tycoon in Dubai also embraces these words, as after his divorce, his mansion is up for sale at the price of 204 million. dollars, making it the most expensive house for sale in the Emirate.

The Versailles-like mansion has a paradox: While it consists of 5,600 square meters of interior space, it has only five bedrooms.

This of course makes sense, considering that the master bedroom alone is larger than the homes of most 'common mortals', at 370 sq m.

ΜΕσα στο «Μαρμαρ ινο Παλατι» του Ντουμπαι - Το σπΙτ&iota

The entrance has grand staircases and a dome with handmade glass.

On the ground floor of the home located in the popular Emirates Hills neighborhood are rooms for dining and entertaining. Other amenities include a 15-car garage, 19 bathrooms, indoor and outdoor swimming pools, two domes, an 80,000 liter coral reef aquarium, electrical substation and panic rooms. The mansion sits on a 65,000 square meter plot in a gated community overlooking a golf course.

In addition there are 12 staff rooms with space for up to 25 people and two bank safe deposit boxes.

Μεσα στο «Μαρμαρ ινο Παλατι» του Ντουμπαι - Το σπΙτ&iota

The house has an indoor and outdoor pool, as well as a koi pond.

Nicknamed the 'Marble Palace', the property was built with an estimated $22-27 million in marble from various countries including Italy. Construction took nearly 12 years and was completed in 2018, according to Luxhabitat Sotheby’s International Realty, which is selling the property. The tasks included the application of 700,000 gold leaves by 70 skilled workers who worked on it for more than nine months. The house is currently decorated with around 400 pieces from the owner's personal art collection, mainly 19th and 20th century statues and paintings. In fact, he is ready to negotiate for the inclusion of these and the furniture in the market.

ΜΕσα στο «Μαρμαρ ινο Παλατι» του Ντουμπαι - Το σπΙτ&iota

Buyer could negotiate to purchase artwork- Room with antique clock collection.

Note that the owner is a local real estate developer, who refused to be named and who after the divorce lives there alone.

“It's not everyone's style,” says Luxhabitat Sotheby's broker Kunal Singh, well aware that buyers will either love it or hate it.

Notably, its price per square meter “Marble Palace” is more than double that of other properties in Emirates Hills.

ΜΕσα στο «Μαρμαρ ινο Παλατι» του Ντουμπαι - Το σπΙτ&iota

The coral in this tank has been growing for 18 months.

Two people have seen the house in the past three weeks, according to Bloomberg. It's about a Russian who sent a representative to see the property, but he'll have to figure out how to move that amount of money. The second is an Indian client who already owns three properties in Emirates Hills. However, his wife would prefer something more modern.

“This is something you would buy to show off – to bring some elite people, leaders, politicians,” says Kerry Michael, director of marketing for by Luxhabitat Sotheby's.

Μèσα στ ο «Μαρμαρινο Παλατι» του Ντουμ&pi Αι - Το σπΙτι που πωλεΙται για 204 εκατ . δολαρια

A close up of some of the marble detailing and design.

Source: www.kathimerini.com.cy

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