Cristiano Ronaldo Acquires Lavish Mansion in Dubai
Portuguese soccer sensation Cristiano Ronaldo, renowned for his excellent real estate choices, is extending his property portfolio to the United Arab Emirates after his inaugural season with Saudi Arabian football powerhouse Al Nassr.
The Dubai Dream Home
CR7, who recently secured a staggering $200 million-per-year contract with the Riyadh-based team, has reportedly procured a residence in Dubai, as per The Daily Mail. The 38-year-old striker’s purported new residence, still under construction, is situated on Jumeirah Bay Island, colloquially known as Billionaires Island.
Location & Completion Time
Sources familiar with the neighborhood informed Bloomberg that the completion of Ronaldo’s lavish abode is anticipated later this year, in 2024. While the exact cost remains undisclosed, rumors suggest he invested “tens of millions of euros” in the extravagant property.
Jumeirah Bay Island, shaped like a seahorse and ensconced within its gated community, has evolved into a playground for individuals with substantial wealth, surpassing other affluent enclaves like Dubai Hills, Palm Jumeirah, and Emirates Hills, according to real estate brokers cited by Bloomberg.
Prominent Neighbors
The exclusive neighborhood boasts a private yacht club, a beach resort, and a selection of upscale dining establishments. Currently, Palace Luxury Living’s Wissam Damaa and former SoftBank executive Akshay Naheta are set to unveil a collection of 10 luxury mega-mansions on the island, collectively valued at over $545 million.
Already housing high-net-worth individuals, Jumeirah Bay Island is home to notables such as Saudi billionaire Mohammed Abdul Latif Jameel, Israeli tycoon Teddy Sagi, and Isabel dos Santos, daughter of the late Angolan president José Eduardo dos Santos and formerly Africa’s wealthiest woman.
Ronaldo’s Expanding Portfolio
Forbes’s highest-paid professional athlete in 2023, Ronaldo, has been judiciously expanding his real estate holdings. Alongside his latest acquisition in the Middle East, the former Manchester United player and his longtime partner Georgina Rodriguez possess a grand four-story residence in Madrid’s esteemed La Finca neighborhood.
Ronaldo’s signature is etched into the entry gate’s metal detailing. Furthermore, he is developing a $22 million mega-mansion in Portugal, slated for completion this year and poised to become Portugal’s most expensive private residence upon its unveiling.
