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      in Luxury

      Cristiano Ronaldo Reportedly Scores a Multimillion-Dollar Mansion in Dubai

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      Cristiano Ronaldo is no stranger to luxury homes, and from the looks of his most recent real estate investment, the Portuguese soccer star is putting down roots in the United Arab Emirates following his first season with Saudi Arabian professional football club Al Nassr.  

      The fleet-footed forward, who inked a roughly $200 million-per-year deal with the Riyadh-based team, just purchased a mansion in Dubai, The Daily Mail reported. The 38-year-old striker’s alleged new, not yet built home is located on Jumeirah Bay Island, an exclusive man-made oasis known to locals as Billionaires Island, and is expected to be completed later this year, in 2024, people familiar with the neighborhood told Bloomberg. Currently, it’s unclear exactly how much Ronaldo paid for the swanky estate. However, word on the street is that he splashed out an estimated “tens of millions of euros” for the palatial property.  

      The seahorse-shaped gated community has become a playground for high-net-worth individuals in recent years, overshadowing other wealthy emirate enclaves, including Dubai Hills, Palm Jumeirah, and Emirates Hills, brokers told Bloomberg. Currently, the über-affluent neighborhood features a private yacht club, a beach resort, and several fine-dining restaurants, while developer Wissam Damaa of Palace Luxury Living and former SoftBank executive Akshay Naheta are in the midst of launching a collection of 10 luxury mega-mansions on the island, which are expected to sell for over $545 million collectively. 

      Cristiano Ronaldo dropped millions on a new home in Dubai’s gated Jumeirah Bay Island neighborhood.

      Warren Little/Getty Images

      Aside from Ronaldo, the secluded, sought-after community is already home to some incredibly deep-pocketed residents, including Saudi billionaire Mohammed Abdul Latif Jameel and Israeli businessman and real estate mogul Teddy Sagi. Also in the neighborhood is Isabel dos Santos, the daughter of the late former Angolan president José Eduardo dos Santos and once Africa’s richest woman.  

      Ronaldo, who topped Forbes’s list of the highest-paid professional athletes in 2023, has racked up quite the real estate portfolio with his impressive earnings. In addition to his new digs in the Middle East, the former Manchester United player and his longtime girlfriend Georgina Rodriguez own a lavish four-story home in Madrid’s prestigious La Finca neighborhood, where his initials are carved into the metal detailing on the entry gate (he’s put it on the rental market recently), and he’s building a $22 million mega-mansion in Portugal, where he plans to live once he retires. The expansive home is slated for completion this year and is expected to become the most expensive private residence in Portugal once finished. 

      Authors

      Abby Montanez

      Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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      4 Of The Largest Homes Currently For Sale In The World

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      These 4 homes are some of the largest homes currently for sale anywhere in the world! Home #1 –  This massive modern home is located in Casa De Campo, La Romana, Dominican Republic and is situated on over 2 acres of land. It was built in 2020 and features nearly 64,000 square feet of living space […] More

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      in Vacation Homes

      Forget Florida. Retirees Are Moving Overseas and Settling Down in Dubai.

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      When many people in the U.S. think of retirement, they often imagine the wide beaches and crystalline waters of Florida. However, more and more retirees are being lured by more far-flung locales, such as the ritzy city of Dubai.

      The UAE metropolis has had a surge in pensioners looking to relocate abroad, and for some pretty compelling reasons, too. Aside from year-round sunshine, the gleaming urban desert paradise is known for its dazzling skyline, beautiful beaches, internationally acclaimed golf courses, and bustling arts and culture scene. Another chief attraction is the country’s citizenship programs, which make securing long-term residency available through investing in real estate.  

      “Although Dubai is not a typical retirement destination like Greece and Spain, we are seeing an increasing number of retirees settling in Dubai,” Maximilian Stamm, head of Engel & Völkers Private Office EMEA, tells Mansion Global. “Recent changes in government regulations have enabled residents to secure long-term golden visas and residencies, making it easier for retirees to stay in the city.” 

      Full-time and part-time retirees have a variety of housing options, from amenity-rich high-rise condos to swanky beachfront villas and epic mega-mansions. Prices range from $800,000 to more than $10 million, depending on the home’s size and the neighborhood. “Retirees seeking opulent living experiences usually live in Palm Jumeirah, Jumeirah Golf Estates, Dubai Marina, Dubai Hills Estates, and Downtown Dubai,” Stamm adds. “These locations offer breathtaking views, accessibility to world-class amenities, and various leisure activities.” 

      More retirees are moving overseas and buying property in Dubai.

      David Cannon/Getty Images

      According to Honey Deylami, executive partner at Luxhabitat Sotheby’s International Realty in Dubai, branded residences are especially popular among retirees because of their five-star hotel-like offerings. Think on-site wellness facilities, Olympic-sized swimming pools, tennis courts, and lavish spas. Recently, a not-yet-built penthouse sold for a record-breaking $115 million. The unit is located within the Jumeirah Marsa Al Arab resort, which will feature a 387-room hotel, 82 residences, and a superyacht marina when it’s complete. 

      For active types, the Arabian city has no shortage of recreational options, including horseback riding, golf, indoor skiing, padel tennis, and kayaking. And if your goal is to simply relax and enjoy your golden years, you’ve got one of the world’s most glamorous cities at your fingertips. “From swanky rooftop bars to trendy Michelin-starred restaurants, the city truly offers a vibrant social scene that caters to all tastes,” notes Stamm.   More