This is What the Most Expensive Penthouse in Dubai Looks Like & We are In Awe!
You must see the inside of the most expensive penthouse in Dubai! You’ll be shocked to find out that someone actually bought the place!
The 14,000-square foot estate became the most expensive penthouse in Dubai after it sold for Dh 60 million, approximately $16.3 million.
The penthouse is due to complete at the end of the year broke the previous record held by a penthouse at Fairmount the Palm in December for $11.4 million.
Luxury sales director Alexander Von Sayn Wittgenstein brokered the deal and mentioned that the estate features 270-degree views of Downtown Dubai. “It’s the largest penthouse I’ve ever come across for a branded development in Dubai.”
Other branded residential projects like the Armani residences at the Burj Khalifa are available all over the city.
These branded residential developments attract nearly 50% premium in terms of price per square foot. This is compared to other residences, according to a analyze completed by Luxhabitat in 2015.
Bulgari executive vice-president told a local publication that the hotel located on site would become the most expensive when it opens, as well as the rest of the development.
The new owner will be able to enjoy complimentary membership to the world’s first Bulgari Marina and Yacht Club, as well as a 24-hour concierge, pools and fitness facilities, lush gardens, and six high-end restaurants.
Who is developing this bold project?
The project consists of 100 hotels rooms and suites as well as 20 hotel villas and 165 apartments for the employees.
Currently developed by Meraas the property will spread on 1.7 million square foot of space, as well as framed by landscaped gardens.
We are not surprised at all to hear about this considering all the crazy things that we’ve seen in Dubai.
While you are on the subject, you should watch this video: