Billionaires’ Row. The mere mention of this exclusive Palm Jumeirah street evokes a sense of intrigue familiar to the vast majority of the city’s population. The properties on arguably the most well-known street in Dubai hold their own when compared with any property in any city the world over.
So what is it about Billionaires’ Row that makes it so special, and why is it now the most coveted street in the city?
A Desired Domain
As with many properties in Dubai and around the world, location is everything. Situated on Frond G on the world-famous Palm Jumeirah, Billionaires’ Row finds itself on the seventh and last frond on the right-hand side of The Palm. Whilst the north side of the street offers uninterrupted views of the Atlantis hotel and the Arabian Gulf beyond, the south side faces inland, with impressive views of the city. Each gives residents its own unique view, with both sides of the street providing enviable, Instagram-worthy photo opportunities.
Palm Jumeirah, itself an area of reclaimed land, was created to resemble a palm tree consisting of three main areas: the trunk – providing the main entry point to The Palm, the outer crescent – home to many top-class hotels and restaurants, and the fronds – where Billionaires’ Row takes pride of place. These fronds are littered with exclusive, multi-million dollar mansions, with Frond G providing the jewel in Palm Jumeirah’s proverbial crown.
Inside The Homes
As one might expect, Billionaires’ Row on Palm Jumeirah’s Frond G offers the ultimate in luxury living, with only the finest properties available.
The average property on the street sells for somewhere in the region of AED 75,000,000; however, the title of ‘most expensive home’ on the row goes to Casa Del Sole, which sold for a staggering AED 302,500,000 in July 2022. As one might expect, this particular property is right up there with the pick of the litter when it comes to the finest real estate on the street.
So what can one expect from a home on one of the most expensive streets in the Middle East?
Most mansions start at five bedrooms minimum, with some offering many more. Inside, you can expect to find the rarest of materials fit for Royalty. The finest Italian marbles, the highest-grade stainless steel, as well as stunning floors, facades, and other decorative items sculpted out of the strongest granite or limestone, provide a robust yet elegant appearance. These features, which include fully automated smart systems, enable residents to live an elevated lifestyle in the most exquisite surroundings.
Who Lives on Billionaires’ Row?
Billionaires’ Row is reserved for ultra-high-net-worth individuals who demand exclusivity. High-profile international residents including a prominent Indian industrialist, giants of the tech world, as well as crypto-currency tycoons rub shoulders with UHNW individuals from the GCC region, to offer a sophisticated blend of international culture.
Dubai is attracting more billionaires than ever before thanks to attractive tax laws such as zero-income tax, no capital gains tax, and no inheritance tax. These newcomers are all vying for a spot on The Palm’s most sought-after frond – a process which, thanks to the desirability of the street – could take years.
What Makes These Homes so Exclusive?
One of the things that makes Frond G so exclusive is that the properties here were sold as custom plots, and as such there are fewer restrictions in regards to compliance with developer guidelines. In essence, this means buyers had more freedom to customise their properties. As a result, most homes on Billionaires' Row now have ample parking space in underground basements, one of the key selling points of Frond G. These mansions are also the youngest on the entire Palm, with the newest being completed around 2022.
Most homes draw inspiration from properties in the Hollywood Hills, where cinema rooms, gyms, in-house lifts and multiple-car garages all feature prominently. Zen gardens and koi ponds are common throughout, whilst the scarcity of these units adds to the incomparable mystique.
Potential residents face strong competition from other high-net-worth individuals, who will occasionally bid unseen to give themselves the best possible chance of acquiring one of just sixteen properties, should one become available.
This, coupled with the prime views, means that UHNWIs have no problem raising and reraising each other when bidding on these properties. At any one time, there may only be one or two homes available. Frond G is also one of the shortest on the entire Palm, which only adds to the exclusivity.
Security and privacy, like all other fronds on Palm Jumeirah, are second to none. To get onto Frond G visitors must all pass through a security checkpoint, manned 24 hours a day by security guards, who serve to put the minds of the wealthy at ease.
Dubai’s Billionaires’ Row represents the Holy Grail of super prime real estate, rivalled only by its namesake in both London and New York. The scarcity of properties on this exclusive street, as well as the rising influx of high-net-worth buyers who wish to enjoy Dubai’s prime offerings, means this particular frond will almost certainly continue to outperform its neighbours well into the future.
