New Palm Jumeirah development will be most luxurious yet
XXII Carat: Seven-bedroom villas with private beaches and bathtubs carved from crystal.Meryl D'Souza January 25, 2017
Even to Dubai residents who have lived in the emirate for years, living on the Palm Jumeirah still carries an air of exclusivity about it. But if you are part of a minuscule bracket that believes none of the properties on the world's largest man-made island are luxurious enough for your taste, well prepare to loosen your purse strings.
Forum Group, a Russian developer that caters to the residential requirements of the elite, is set to launch its first Dubai venture later this year, and it's no joke: 22 ultra-luxury villas covering 500,000 sq ft.
The one-of-a-kind megaproject, dubbed XXII Carat, will feature seven-bedroom villas spread over either two or four floors, each ranging from 8,000 to 13,000 sq ft. The villas will be nestled between the One&Only The Palm and Jumeirah Zabeel Saray on the Palm's West Crescent, with landscaped gardens and lush greenery covering 30 per cent of the project.
Residents of the Mediterranean-inspired villas will enjoy a luxury hotel-inspired lifestyle that includes 24-hour concierge and security, access to private beachfronts and 360° views of the Dubai Marina skyline and the Arabian Gulf. There are also private rooftop terraces for the central villas, office and library spaces and maids' living quarters.
While residents of the gated community will have exclusive pool access and a host of other luxury amenities, their favourite thing may end up being the crystal bathtubs. Baldi, the luxury Italian bathtub maker, will launch their "Jewels for the Home" collection in the villas. The tubs are carved from rose and green quartz, given a gold trim and embedded with gemstones; enough to turn even the most ardent shower fan to nightly soaks.
Naturally, none of this will come cheap. The starting price for a villa is around AED 40 million and goes up to AED 75 million. Interested? Go to 22carat.ae.
"Demand for luxury properties is on the rise far exceeding supply in the higher price spectrums of the market and there is always a market for high-end one-of-a-kind properties," says Anton Yachmenev, managing director of the Forum Group.
Forum's aim with XXII Carat is to capitalise on this trend. Their target audience are the wealthy buyers from the GCC, Russia, India and Europe, although they may want to start with George Nereaparambil, the man who owns 22 apartments in the Burj Khalifa.