A luxury villa in Emirates Hills, famous as "The Palace," has been leased for one year at $4.6 million (AED 17 million) — making it the most expensive residential lease ever recorded in Dubai.
This surpasses the previous record: a waterfront mansion on Jumeirah Bay Island, leased in 2024 for $4.2 million (AED 15.5 million).
The property sits on Billionaire Row, within the exclusive Emirates Hills community.
About the Property
7 bedrooms, with multiple formal reception and entertainment areas
Large swimming pool
Grand, palace-style architecture
High-end imported marble and bespoke interiors
Unobstructed views of the Montgomerie Golf Course
Recently underwent extensive renovation before being marketed to ultra-high-net-worth individuals
Exact floor area undisclosed, but comparable Emirates Hills estates typically run 30,000–60,000+ sq ft of built-up space on plots exceeding 20,000 sq ft.
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Why Emirates Hills Remains Dubai's Most Exclusive Address
Developed by Emaar, Emirates Hills is unlike any other luxury community in Dubai. Every home is individually designed, with no apartment towers or high-density developments, creating an unmatched level of privacy and exclusivity.
Often referred to as Dubai's answer to Beverly Hills, the gated community is home to international billionaires, prominent business leaders, and members of royal families.
Its appeal lies in expansive private estates, landscaped surroundings, and a prime location just minutes from Dubai Marina, Palm Jumeirah, and Downtown Dubai.
Breaking Down the Cost
Annual Rent: AED 17 million (US$4.6 million)
Monthly Equivalent: Approximately AED 1.42 million (US$386,000)
Daily Equivalent: Around AED 46,500 (US$12,700)
The transaction places the property among the most expensive residential rentals globally, highlighting the growing strength of Dubai's ultra-prime luxury market.
Market Outlook
Dubai's super-prime residential sector continues to outperform, driven by sustained demand from high-net-worth individuals seeking trophy homes in the city's most prestigious communities.
Areas including Emirates Hills, Palm Jumeirah, and Jumeirah Bay Island continue to benefit from limited supply, exceptional demand, and rising rental values.
The progression of record-breaking leases illustrates this momentum:
2024: AED 15.5 million (US$4.2 million)
2026: AED 17 million (US$4.6 million)
As global wealth continues to flow into Dubai, the city's luxury real estate market is setting new benchmarks for both property values and record-breaking residential leases.
At Azora Property, we help clients access Dubai's most prestigious real estate opportunities through a comprehensive, end-to-end property advisory service. Whether you're looking to buy, sell, lease, or invest in luxury real estate, our experienced consultants provide expert guidance at every stage.
Our services include luxury property sales and rentals, group purchases, off-plan investments, property portfolio management, mortgage consultation, property management, Golden Visa assistance, and tailored investment strategies.
With exclusive access to premium developments and off-market opportunities across Emirates Hills, Palm Jumeirah, Dubai Hills Estate, and beyond, Azora Property is your trusted partner for luxury real estate in Dubai.