Another day, another record for Dubai’s high-end real estate scene.
On the man-made wonder of Palm Jumeirah, a prized super-penthouse sold for around $ 23.5 million (around AED 86 million), making it one of the most expensive penthouses ever sold in the city in United Arab Emirates.
The huge duplex residence is one of approximately 90 units at One Palm, an exclusive development of the luxury hotel brand Dorchester Collection. The deal is just short of the record $ 27.7 (AED 102 million) paid earlier this year for another penthouse at One Palm, according to reports.
Kianoush Darban, Director of Business Development for Driven Properties, assisted the buyer with the purchase of the super-penthouse and described it as the best luxury property he has seen in his 14 years of experience.
The five-bedroom penthouse, which will be finished to the new owner’s taste, boasts nearly 21,300 square feet of living space with a private elevator, floor-to-ceiling windows, and bird’s-eye views of nearby landmarks such as the Palm, Ain Dubai and Burj Al Arab. A private roof terrace with a modern swimming pool completes the upscale offer.
In addition to luxury accommodations, One Palm is coveted for its white-glove services. Building amenities include a private elevator lobby for two units and access to an exclusive waterfront, water sports facilities, spa, and dining services. Each residence is allocated three to six large parking spaces as well as additional parking for visitors.
Darban says his client, whom he declined to name, had previously purchased the 8,300 square foot unit just below the penthouse, but quickly moved on to upgrade once he found out that he was available. The smaller penthouse, which has its own private pool, is now on the market with Driven Properties for $ 17 million (around AED 62 million).
Strong demand for Dubai’s main inventory has created a sense of urgency in the market, especially at One Palm, according to Darban. His advice to investors and high net worth individuals around the world: “Hurry up and book your tours while this beautiful property is available for resale.
Driven Properties is an exclusive member of TBEN Global Properties, a consumer market and a network of elite broker members selling the world’s most luxurious homes.