Billionaires and millionaires have one thing in common – luxury real estate. In other words, owning the most expensive houses in the world has always been regarded as an evidential base for proving one’s worth. As a result, the luxury real estate market around the globe remains an evergreen business.
From real estate tycoons to multimillion-dollar business owners in love with luxury living, a fair share of the wealth they have amassed over the years has found its way toward lavish living. And for some of them, home is where the luxury is. They flaunt their wealth by transforming their houses to abodes of opulence and riches.
With the number of wealthy people across the world increasing more than ever before, the potential for increased luxury real estate deals seems to be promising in the years to come. That being said, we at D&B Properties have curated a list of 10 of the most expensive and luxurious houses in the world.
Buckingham Palace, London, UK
The residence and administrative headquarters of the British monarchy, Buckingham Palace is estimated to be worth over USD5b (AED18.3b). Built as a large townhouse for the Duke of Buckingham in 1703, the palace has 775 rooms. While it was under the possession of King George IV, the big house was transformed into a palace by the king’s architect John Nash.
Antilia Tower, Mumbai, India
Named after a mythical island in the Atlantic Ocean, Antilia is the private residence of Indian billionaire Mukesh Ambani. Valued at USD2.2b (AED8b), the 27-storey building is well known for its controversial design. This skyscraper-mansion with three helipads was designed by US architecture firms Perkins and Will & Hirsch Bedner Associates and constructed by Leighton Contractors and B.E.Billimoria & Company Ltd.
Villa Leopolda, Villefranche-sur-Mer, France
Owned by Brazilian-Monegasque philanthropist Lily Safra, Villa Leopolda was an estate owned by King Leopold II of Belgium. Spread across 18 acres, the mansion was originally designed and constructed in 1931 by American architect Ogden Codman, Jr. The villa, which functioned as a military hospital during World War I, is estimated to be worth USD1.2b (AED4.4b).
Villa Les Cèdres, Saint-Jean-Cap-Ferrat, France
This 187-year-old mansion was bought by Ukrainian billionaire Rinat Akhmetov last year for USD221m (AED811m). Constructed in 1830, this palatial home was later bought by the then-mayor of Villefranche-sur-Mer in France. Sébastien-Marcel Biasini and Aaron Messiah are considered to have played key roles in designing and constructing this 14-bedroom mansion surrounded by 35 acres or garden.
Fair Field, Sagaponack, US
Designed and constructed in 2003 by self-made billionaire Ira Rennert, the Fair Field mansion is estimated to be worth USD248m (AED910m). With at least 29 bedrooms and 39 bathrooms, this mansion even has a power plant of its own. This oceanfront mansion was built on 63 acres of land, for which Mr. Rennert paid $11 million in 1998, according to The New York Times.
Palazzo di Amore, Los Angeles, US
Birthchild of architect Bob Ray Offenhauser, Palazzo di Amore is owned by real estate mogul and billionaire Jeff Greene. It is estimated to value at about USD129m (AED473m) in worth. It was first listed on sale for USD195m (AED716m). Spreading across 25 acres, this Mediterranean-style villa was designed by Alberto Pinto.
The Odeon Tower Penthouse, Saint Roman, Monaco
Developed and owned by Groupe Marzocco, one of Monaco’s leading real estate development companies, Tour Odéon is the tallest building ever built in Monaco. Architect Alexandre Girald and designer Alberto Pinto Agency succeeded in creating a stunning penthouse with an unobstructed 360-degree view of the Mediterranean. This luxury penthouse is estimated to be worth USD335m (AED1.2b).
18-19 Kensington Gardens, London, UK
Constructed in the 1840s, Kensington Palace Gardens, first called The Queen’s Road, is one of the most expensive streets on the planet. The rich and wealthy, and the royalty have found their homes in this neighbourhood, which has an average house price of USD41m (AED150m). The most famous of the mansions here is the one at 18-19, owned by Indian steel billionaire Lakshmi Mittal. It is estimated to be worth USD222m (AED815m).
Xanadu 2.0, Medina, US
Estimated to be worth USD127m (AED466m), Xanadu 2.0 is a luxuriously massive mansion built by Bill Gates in Medina, Washington. Designed by James Cutler Architects and Bohlin Cywinski Jackson, the mansion houses some rare and valuable manuscripts, including one by Leonardo Da Vinci. It also exhibits some of the most advanced technologies, including an electronic PIN for each individual in the house for customised experiences.
Ellison Estate, Woodside, US
Ellison Estate, owned by Oracle founder Larry Ellison, is estimated to be worth USD70m (AED257m). Holding a strong real estate portfolio, Ellison had the house designed and constructed by architect Paul Driscoll. This Japanese-style estate even has a man-made lake. It was designed in line with the architectural aesthetics of a 16th-century Japanese imperial palace.
Luxury real estate will always be regarded as one of the areas for the wealthy to show off their fortune. Although such extravagant and opulent mansions are built with million of dollar for personal use and lavish living, these are valuable assets.
Moreover, during the Covid-19 pandemic, high-net-worth buyers are considering the market condition as a good opportunity to invest in luxury properties. Investing in such properties in Dubai will certainly yield higher returns in the long run.
That being said, buyers need to understand that it is necessary to consult a luxury properties expert before deciding on owning or building a dream mansion. The luxury real estate division of D&B Properties has the right choice of RERA-licensed agents who can assist you with the right information and guidance needed for Dubai’s property investments.
Get in touch with us for an in-depth understanding of luxury properties in Dubai.