- February 6, 2024
- 382
- Dubai Villa, Lifestyle, Real Estate
Dubai is known for its over-the-top luxury real estate projects, and the newly unveiled Kempinski Floating Palace is no exception. Developed by El Bahrawy Group and operated by luxury hotel group Kempinski, this floating resort will be a central floating “palace” hotel surrounded by 48 Luxury Villas for Sale in Dubai floating on the waters of Dubai’s Palm Marina.
The project was unveiled this week with the launch of the first completed villa, “Neptune.” It offers a glimpse into what promises to be one of Dubai’s most exclusive and expensive residential developments ever. Let’s take a tour of these mind-blowing floating mansions and the amenities that come with life at the Kempinski Floating Palace.
The Kempinski Floating Palace Vision
The Kempinski Floating Palace has been over 3 years in the making. The vision is to create a completely novel and unmatched luxury living experience. The total estimated value upon completion is AED 1.6 billion ($435 million).
The villas range from 2-4 bedrooms, weighing 4,000-15,000 square feet. That makes them some of the largest “floating homes” ever constructed. The villas are designed to provide maximum views, flexibility, and privacy.
Signature features include infinity edge pools, floor-to-ceiling glass walls, rotating designs to change the vantage points, and sprawling indoor gardens. No expense has also been spared on interior materials and furnishings – with elite European luxury brands featured throughout.
But these Luxury Villas for Sale in Dubai also boat, quite literally! Eco-friendly propulsion systems allow them to cruise at 6-8 knots. That allows residents to reposition their homes on a whim for a change of scenery. The engines provide power, heating/cooling, desalination of seawater, and waste recycling – enabling completely self-sufficient living.
The Neptune Model Villa
The first completed villa, named Neptune, shows the ambition of what’s to come. It boasts gorgeous contemporary architecture and design at 6,300 square feet spread over two floors and a rooftop deck.
The ground floor features expansive entertaining areas like the living room, dining room, and outdoor seating. It also houses guest suites, crew quarters, and a launching platform for water toys like jet skis.
On the upper deck are three large ensuite bedrooms with the finest materials. But the crown jewel is the rooftop deck with an infinity pool, glass railings, barbecue station, and al fresco dining areas. Retractable glass walls provide shade and weather protection when desired.
This is smart home living at its finest, too. Automation control systems manage lighting, temperature, entertainment, and security. The villa’s movements are stabilized using state-of-the-art gyroscopic technology. Of course, 24/7 concierge, butler, and private chef services from the adjacent hotel take luxury to the next level.
Here are some standout features that make Neptune a truly exceptional floating residence:
Bespoke Design
Neptune’s unique silhouette results from a customized design keeping the oceanic theme in mind. The curvilinear shape and extensive glass facades allow breathtaking 360-degree views. Despite its cruise capabilities, Neptune promises unwavering stability thanks to precision marine engineering.
Rooftop Infinity Pool
Neptune’s crowning glory is its stunning rooftop infinity pool and entertainment lounge framed by glass railings. This ultra-private oasis offers panoramic vistas of the splendid Dubai skyline. Can you imagine seeing the Palm Jumeirah from your rooftop pool?
Eco-Friendly
Neptune has integrated green technology in line with Dubai’s vision for a sustainable future. Solar cells, electric propulsion systems, onboard water purification, and waste recycling make this floating villa completely self-sufficient.
Hotel-Style Hospitality
Thanks to Neptune’s affiliation with the luxury hotel chain Kempinski, expect top-notch dedicated service. The provision for private quarters for your crew or guests ensures convenience and discretion.
Cruise Control
Neptune can detach from the port at the touch of a button and take you on a fabulous floating holiday across Dubai’s coastal hotspots. With a fully-stacked bar, sun beds, and speedboat launching docks, entertainment is sorted!
Owning a Floating Palace
From a real estate investment perspective, these floating mansions will likely appreciate substantially over time. Recent luxury developments in Dubai have seen prices rise 35% within 2 years of completion – and experts predict similar trends given the novelty and exclusivity of this project.
Sale prices for the Kempinski Floating Palace villas start from AED 100 million ($27 million). The ultra-wealthy buyers range from Russian oligarchs and Indian billionaires to Saudi royalty and American celebrities. Financing options are also available for qualified buyers.
These villas present lucrative rental potential for those looking to generate an income rather than live there full-time. Luxury property yields in Dubai currently average 5-7% – meaning an annual gross rental income upwards of $1-2 million can be expected. Occupancy is virtually guaranteed, given overwhelming investor interest.
Game-Changing for Dubai’s Real Estate
Dubai’s flagship developers have continuously disrupted global luxury real estate norms. From the world’s first seven-star hotel to underwater lodges to indoor Alpine resorts, the emirate continues to push the boundaries of innovation. The Kempinski Floating Palace project is undoubtedly another trailblazing addition that brings floating real estate into the spotlight.
Market analysts estimate over $1 million in annual rental yields for each bespoke unit. This positions Dubai as a lucrative global luxury rental destination alongside mature markets like Switzerland, London, and New York.
Considering Dubai’s meteoric rise as a second home hotspot for the global elite, the project has already garnered tremendous investor appetite across Europe, Asia, and the Middle East. With buyers likely purchasing units as financial assets for long-term capital gains, Kempinski Floating Palace could single-handedly infuse billions into Dubai’s premium housing sector.
The positive response also indicates promising prospects for supporting high-end industries, from designers to contractors. Moreover, with sustainability and mobility as the core project pillars, we foresee more innovative mixed-use developments along Dubai’s sought-after waterfront. Neptune is just the first glimpse of the city’s dynamic floating luxury segment. Judging by this sneak peek, the future certainly looks spectacular!
Conclusion
Kempinski’s dazzling Floating Palace villas are undoubtedly set to be one of Dubai’s most prestigious addresses yet. With their unparalleled design, bespoke facilities, sustainability credentials, and globetrotting possibilities, these exclusive “floating homes” have raised the bar for luxury living standards across the region.
As Dubai continues to enthrall the world with its larger-than-life visions, the Kempinski Floating Palace is already sparking a revolution in marine luxury real estate. We are eager to see what this world-class waterfront destination has next!
If you too are interested to Buy a Villa In Dubai at Floating Palace, then you can contact Purple Sq. Ft. today and book your luxury villa at the best deals.
