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Inside Dubai’s most expensive home: the US$204 million ‘Marble Mansion’ is a Versailles-style palace in the ‘UAE’s Beverly Hills’ that ‘only 10 people in the world can afford’

STORYBloomberg
“Only 10 people in the world” can apparently afford Dubai’s “Marble Mansion” – a 5-bed palace built with  more than US$20 million of Italian stone and decorated with 700,000 sheets of gold leaf. Photo: Sotheby’s
“Only 10 people in the world” can apparently afford Dubai’s “Marble Mansion” – a 5-bed palace built with more than US$20 million of Italian stone and decorated with 700,000 sheets of gold leaf. Photo: Sotheby’s
International Property

  • The mansion in Dubai’s Emirates Hills is an outlandish 5-bed monument built with more than US$20 million of Italian stone and decorated with 700,000 sheets of gold leaf
  • The owner’s 400-piece art collection is also up for grabs – the divorced owner built his personal Xanadu in 2008 and now wants to sell up, but only 2 serious buyers have paid a visit

A mansion evocative of Versailles is for sale in Dubai for 750 million dirhams (US$204 million), making it the most expensive house on the market in a city where luxury property is red-hot.

The home in the desirable Emirates Hills neighbourhood has 60,000 square feet of indoor space though only five bedrooms – and at 4,000 square feet, the primary bedroom is bigger than most homes.

The US$204 million ‘Marble Mansion’ is officially the UAE’s most expensive home, according to records
The US$204 million ‘Marble Mansion’ is officially the UAE’s most expensive home, according to records

Building the Marble Palace

Construction of the property – nicknamed the “Marble Palace” by the selling agents – took nearly 12 years and was completed in 2018, according to Luxhabitat Sotheby’s International Realty. And it was built using an estimated more than US$20 million marble Italian stone. The owner built the home and lives in it by himself following a divorce.

This is something you would buy to show off – to bring some elite people, leaders, politicians. They want to entertain people.
Kerry Michael, Luxhabitat Sotheby

Some 700,000 sheets of gold leaf were applied by 70 skilled workers, toiling more than nine months, the brokerage says. The home is currently decorated with about 400 pieces from the owner’s personal art collection – primarily 19th century and 20th century statues and paintings – and, if that’s your bag, the owner is prepared to negotiate about including them and furnishings in the purchase.

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The owner, a local property developer, declined to be named.

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

The ground floor has rooms for dining and entertaining. Other amenities include a 15-car garage, 19 bathrooms, indoor and outdoor pools, two domes, an 80,000-litre coral reef aquarium, a power substation and panic rooms. It sits on a 70,000 sq ft lot in a gated community overlooking a golf course. There are 12 staff rooms with space for up to 25, and two bank vaults

Inside the “Marble Palace” property in Dubai – on sale for over US$200 million
Inside the “Marble Palace” property in Dubai – on sale for over US$200 million

Booming in the UAE

The Dubai property market has been on a tear since late 2020, an uplift that has lasted much longer than other global property booms during the Covid-19 pandemic. The rally is partially a correction after a market decline of about six years.
Singh estimates that there are only about five to 10 potential buyers in the world are wealthy enough – and interested in its look – to buy the Marble Palace
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