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The 25,000-Square-Foot Unit Is Part Of The Royal Atlantis Resort & Residences On The Palm, And Buyers Are Approaching.
With prices for luxury properties in Dubai reaching new heights, it seems that the market has no end. A 25 thousand square feet Luxury Penthouse at The Royal Atlantis Resort and Residences is said to be costing Dh 180 million. Making this one of the most expensive penthouses on record.
It is not too late yet though; an agent who has been involved with the Palm project since its beginning. Believe there will only be more agreements made close to the completion date when buyers can get their hands around these fancy figures. The Expensive Penthouse Dubai transaction is about to get even more luxurious. The residential part of this twin-structure building will be complete by late summer, with an impressive hotel ready by fourth-quarter time.
The luxurious “super-penthouse” is what Timothy Kelly, Executive Vice President and Managing Director of Atlantis Dubai calls it. He says that except for this one special residence with three floors 25 thousand square feet in size as well as two outdoor terraces equipped with pools. They have all been sold out at prices ranging from Dh 180 million – which will make its owner feel like a world citizen. Because even if you’re not from here or far away your funds can be put towards purchasing such an opulent home!
Investor’s Radar
This April, one of the most expensive apartments in Dubai sold for a whopping Dh41 Million. The buyer is believed to have paid nearly twice as much at Il Primo Tower–a super-luxury building downtown near financial Center Street where prices range from around DH 45 million.
The Palm recently completed One at Palm, Dorchester Collection, and two of the Costliest Penthouse Dubai sales in recent experience occurred. There have also been other astonishing sales going around the island stretch, including a Dh280 million villa deal, which is easily the most expensive deal in the city to date.
Short-term leasing is not available in the Residences; they are all private residences. In addition, if the owners prefer to provide long-term rentals, they must do so through appointed agents.
