The 28,000-square-foot Palm Jumeirah home has a resort-worthy spa and a subterranean turtle and duck enclosure.

Dubai continues to prove itself as one of the most sought-after cities to own real estate.

The United Arab Emirates capital is having a blockbuster real estate year, and the first quarter of 2023 ranked as the world's busiest market for homes over $10 million, according to Bloomberg. Homes are selling quickly, and if you're in the market for a coveted piece of Dubai real estate, look no further than this stunning $62.6 million villa in Palm Jumeirah.

The palm-tree-shaped artificial archipelago is situated just off the glittering city's coast within the Persian Gulf. The slender series of islands, known as "fronds," that comprise Palm Jumeirah are known for their high-end hotels, acclaimed restaurants, and, of course, ultra-luxe real estate.

This super-swanky villa, known as Allegra, is located on Frond G, which is considered Dubai's "Billionaires' Row" and is one of the most desirable addresses in Dubai. The custom-built villa took two years to build and spans a considerable 28,154 square feet with five bedrooms and nine bathrooms. Developed by Innovate Living, the spectacular estate was modeled after sleek homes in Los Angeles.

"The villa was conceived with a focus on modern and contemporary sensibilities, inspired by L.A.-style mansions," says listing agent Honey Deylami, executive partner at Luxhabitat Sotheby's International Realty. "Located on a highly coveted frond of the Palm Jumeirah, the villa offers generous space for entertaining across various areas. Its clean design features, characterized by a skillful application of a neutral color palette and luxurious furnishings, render it an exceptional family residence."

Exceptional, indeed. The home was crafted with the finest materials. The exterior showcases grey Marquina marble, while the interiors are adorned with porcelain tiles, custom wood doors, and a bar clad in Orobico Grigio marble. Throughout, there's a lovely contrast between dark marble, warm wood, and pale flooring that makes the home feel contemporary yet inviting.

Beyond the gated entrance, granite-paved motor court, and custom wood front door, a double-height combination living and dining room has an imposing black marble fireplace, a towering floor-to-ceiling bookshelf, and a wall of glass that slides open to the backyard.

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