Football star Neymar has purchased a house in Dubai for ₹654 crore.

 Football star Neymar has purchased a house in Dubai for ₹654 crore.

Neymar

The world's wealthy are increasingly investing in homes in Dubai, which has rapidly become one of the most attractive cities for luxury real estate. Brazilian football star Neymar is the latest high-profile figure to join this trend, having recently purchased a luxurious penthouse in Dubai’s Bugatti Residence.

Neymar's new property, located in one of the city's most exclusive developments, cost a staggering $45 million (approximately ₹654 crore, based on an exchange rate of 120 taka to the dollar). The penthouse offers high-end amenities, including direct car access, a private swimming pool, and sweeping panoramic views of Dubai's skyline. The building itself features opulent designs, with the artificial beach modeled after the Mediterranean Riviera, a fitness center, and exclusive services for residents, including private transportation. Construction of the Bugatti Residence is still underway and is expected to be completed in about three and a half years, according to The National.

Neymar, who has spent the majority of his career playing in European leagues—first with Barcelona in Spain and then with Paris Saint-Germain in France—joined Saudi Arabia's Al Hilal club in 2023 on a two-year contract. His recent property purchase in Dubai comes amidst rumors that he might return to his former club, Santos, in Brazil, although his agent has dismissed these as mere speculation.

Dubai’s real estate market has seen growing investments year on year, thanks in part to the UAE’s pro-investment policies. Foreign nationals with the financial means can easily purchase property in Dubai, which has led to a significant increase in foreign ownership. Emiratis now make up just 8% of the population in a city of over 3 million people, with the rest being expatriates. In 2022, foreigners owned $121 billion worth of real estate in Dubai, up from $98 billion in 2020. Currently, 43% of the city’s housing market is in the hands of foreign investors, highlighting the city's transformation into a global hub for luxury and foreign capital.

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