The newest real-estate record to fall in Dubai's booming luxury property market is a house on the island of Palm Jumeirah.
According to Alpago Properties, the developer of the property, the sale price was 302.5 million dirhams ($82.4 million).
The house is named Casa Del Sole.
The company didn't reveal who bought the product, saying it was protecting the buyer's anonymity.
Partially redacted title deeds reviewed by Bloomberg reveal that the home was purchased cash.
As a result of the government's response to the epidemic and its lenient immigration restrictions.