German expat in Dubai sells Palm Jumeirah signature villa for Dh70.2 million ...United Arab Emirates

Dubai: A German expatriate living in Dubai has sold a refurbished signature villa for a whopping Dh70.2 million — one of the highest recorded sale up until now. Holger Albers, a shareholder of different businesses, including AIM Hedge, an investment firm based in Liechtenstein, as well as ACORE Group and Yonhampton Group, both real estate development companies, active globally, concluded the deal five days ago with a mystery buyer. The redesigned Palm Jumeirah signature villa was sold for Dh69.2 million along with his private art collection valued at Dh1 million, totalling Dh70.2 million. About the villa The villa is a five-bedroom property with a 10,000 square feet built-up area. It is spr

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