A 10-bedroom Dubai mansion that sold for $76.2 million has set a real-estate record for the city — take a look inside

The sale was brokered by listing agent Conor McKay of Belleview Real Estate, and comes after the property market's strong start to the year.

Dubai real-estate platform Property Monitor verified that the transaction broke the previous Dubai real-estate record of AED185 million, which was set in 2015, per a Belleview Real Estate press release.

"The transaction not only beats Dubai's previous record, but closes the gap between Dubai's luxury market and those of leading global cities such as London, New York, and Hong Kong," Zhann Jochinke, the chief operating officer of Property Monitor, wrote in the press release.

Property Monitor, Belleview Real Estate, and McKay did not immediately respond to Insider's requests for comment.

Construction of Palm Jumeirah started in 2001. It's now home to some of Dubai's top luxury resorts and numerous upmarket residential developments, including Six Senses Residences by Select Group and One Palm by Omniyat.

Dubai's real-estate scene is off to a hot start in 2022. Several real-estate agents previously told Insider demand for luxury properties in the city is surging. And the city recorded 11,071 transactions in January and February, the highest it has ever recorded in the first two months of the year.

Out of 34 homes worth over $10 million that were sold in Dubai between January and June of last year, 19 were located on Palm Jumeirah, per the latest 2021 data from Knight Frank.

Source: Mansion Global.

The practice of bookmatching involves matching up adjoining marble surfaces so that they mirror each other to give the impression of an opened book.

Source: Belleview Real Estate press release

Source: Belleview Real Estate press release

"It happens to be the only villa on the Palm Jumeirah which offered an indoor swimming pool," McKay told Mansion Global.

Belleview Real Estate sales director Peter Smithson said he expects Dubai's property market to continue growing.

"While a short-term view of the market can be intimidating, when we look at the overall history, we see the current average AED cost per sq foot of property is only 78% of the previous peak in 2014. Considering how strong Dubai is now, compared to then, and you have no option but to predict further significant growth," he said in the press release.