Yes, that headline is correct – a Dubai villa has just been rented for the eye-watering amount of AED3.8 million a month.
Not a year, not a quarter. But a month.
To be fair, you do get a lot of villa for that money.
The record amount of money will get you a nine-bedroom villa on Palm Jumeirah.
And you’ll get your own gym, sauna, pool and private beach. And access to a high-end concierge and property management services.
The villa also includes a double-height living room with enormous high ceilings and enough space to host a game of basketball.
The villa was leased on LuxuryProperty.com and according to Riccardo Scala from the company, Dubai has seen a boom in high-end properties.
“Since Covid-19 gripped the world some 18 months ago, we have seen a dramatic rise in the demand for super-prime properties,” said Scala.
“Buyers and tenants moving to Dubai are not just looking for a home that is aesthetically pleasing, but one that provides privacy and security for their families.
“Areas like the Palm Jumeirah tick all of these boxes for our clients and transactions of this nature show the strength of the market in 2021, for both sales and rentals.”
There is some good news, however, with that price tag.
The villa comes furnished. And it also includes all bills. If that was DubaiLAD, we’d start downloading the internet, order one of everything from Deliveroo and have 24/7 pool parties.
Sadly, it’s not. Waaah!