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Dubai’s ultra-luxury residential market has recorded a new benchmark after a five-bedroom villa in Al Barari was leased for AED 14 million over two years. The transaction, closed by fäm Properties, is now the highest rental deal recorded in the premium community, surpassing the earlier annual record by 46%. The villa, located in The Collection at Al Barari, was originally bought for AED 54 million and is delivering a yearly rental yield of 12.8%. The tenant, a Brazilian ultra-high-net-worth individual, sought a wellness-focused and private living environment, leading to an off-market leasing arrangement after limited suitable rental inventory was available in the community.
Dubai’s luxury housing market has recorded a new high-value rental transaction after a villa in Al Barari was leased for AED 14 million over two years, setting a new rental benchmark in one of the city’s most premium residential communities. Advertisement
The deal was concluded by fäm Properties for a five-bedroom villa spread across 14,500 sq ft within The Collection at Al Barari. The property was earlier acquired for AED 54 million and is currently generating an annual rental yield of 12.8%.
With a yearly rent of AED 7 million, the agreement has exceeded the previous rental record in Al Barari of AED 4.8 million annually by nearly 46%, according to data from DXBinteract.
Firas Al Msaddi said the transaction reflected sustained demand in Dubai’s ultra-prime housing segment, especially for residences built around exclusivity, lifestyle and curated living experiences. He added that the deal also highlighted Dubai’s growing position as a preferred destination for wealthy global residents looking to establish long-term homes in the city.
The villa is built on a 16,000 sq ft plot and has been designed around privacy, wellness and resort-style living. The property includes formal and informal open-plan living spaces, a private study with lift access, landscaped gardens with a pond feature, a fully equipped gym facing the swimming pool and a separate wellness pavilion.
The tenant, identified as a Brazilian ultra-high-net-worth individual, was reportedly looking for a property offering a highly specific lifestyle environment rather than a standard luxury residence. The transaction was facilitated by Ana Carolina Oliveira, a Brazilian-born property advisor at fäm Properties with close to a decade of experience in Dubai’s residential market.
Her long-standing network within the luxury housing segment, along with familiarity with the client’s cultural preferences and access to off-market opportunities, played an important role in securing the property.
During the property search, rental options available in Al Barari, including homes leased above AED 3 million annually, reportedly did not meet the tenant’s expectations in terms of architecture, privacy and wellness-focused design.
As a result, the search shifted towards trophy villas that were originally listed for sale in the AED 100 million category, where specifications aligned more closely with the tenant’s requirements. Over nearly two months, multiple off-market discussions were held with homeowners to structure a long-term lease arrangement for properties that were not initially intended for the rental market.
The transaction also reflects a wider trend emerging in Dubai’s luxury residential sector, where demand from ultra-high-net-worth individuals continues to push premium leasing values higher, particularly in limited-supply communities such as Al Barari, Emirates Hills and Palm Jumeirah. Market experts have noted that wealthy overseas residents are increasingly prioritising branded, wellness-oriented and private residences over conventional luxury apartments and villas.
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