A premium real estate business has unveiled Dubai’s and the region’s most expensive mansion, The Marble Palace, valued at $204 million and now for sale!
The Versailles-inspired megahome is located in the posh Emirates Hills neighborhood and features a 24-carat gold jacuzzi. The house is so large that it has its own power substation.
The 60,000-square-foot palace also features a massive coral reef aquarium and is filled with sculptures and one-of-a-kind treasures, such as a precious stone and a crystal dining table.
It, like the Palace of Versailles, has 160 marble columns and two roof domes that rise 14 meters from the ground floor. A 16-car garage, a koi carp pond, an office and a secretary office, a gym and cellar, and a garden with its own lake and pavilion are among the other luxurious features.
The house was described as a “one-of-a-kind trophy home” and a “love letter to the architecture of the Belle Époque, exuding grandeur with its display of rich surface treatments, geometric finery, and gilded statuaries” by Sotheby’s International Realty.
George Azar, CEO, said 70 artisans had spent nine months applying 700,000 sheets of gold leaf to create the property’s décor, and the palace, based on European royal palaces and residences, took 12 years to design.
“Such meticulous attention to detail is evident throughout the property, and it testifies to the unwavering dedication of everyone involved in making this project a resounding success.”
Inspired by Versailles
The property is inspired by Versailles and has a strong connection to the great Palace of Versailles, which was built as a seat and symbol of affluence and authority by France’s 17th century King Louis XIV, known as Le Roi Soleil, or the Sun King. The stunning palace became a symbol of the French royals’ lavish lifestyles. An impoverished population was incensed by King Louis XVI, grandson of Louis XIV, and his wife Queen Marie Antoinette, who famously said of her hungry people begging for bread, “Let them eat cake.”
In yet another display of extravagance, the royal couple left the vast palace empty for much of the time in favor of their Parisian court, which meant that its role as an imperial palace died with them.
However, the palace is still open to the public as a museum of French history, its royal architecture but rather décor an ultimate symbol of 17th century European design mastery, much replicated around the world today, and associated with the glorious days of the French monarchy and during the reign of the Sun King.
The Dubai PROPERTY
The emirate’s property market has been breaking records on a regular basis in recent months, with Dubai developer BinGhatti listing offplan mansion penthouses for sale at $204.22 million, shattering the record number for a penthouse, which was set the previous week, of $114.3 million. According to a CBRE report, while rent prices have begun to tone down marginally in some areas following the pandemic recovery, residential property sales prices in the emirate continue to rise.
