Dubai Penthouse Breaks Record with AED500 Million Sale
The city of Dubai has set a new record for the most expensive penthouse sold, with a nearly 22,000-square-foot apartment at Como Residences on Palm Jumeirah selling for AED500 million (US$136.13 million). The sale was managed by the agency Provident Estate.
Luxury Living at Its Finest
This five-bedroom penthouse boasts walls of glass, providing awe-inspiring views of the Dubai skyline and the Arabian Gulf. The 71-story tower features soaring ceilings, floating staircases, statement lighting, and other luxurious finishes.
According to listing agent Sam Horani, associate partner of Provident Estate, the Como Residences Penthouse is “a statement of ultimate luxury and exclusivity.” The sale marks a historic moment in Dubai’s real estate landscape and solidifies its place as a symbol of opulence for generations to come.
Exclusive Features and Amenities
Residents and guests of the penthouse can enjoy a private elevator, cutting-edge home automation system, wraparound glass terrace, and a private pool. The skyscraper’s design, inspired by water and ocean waves, includes a series of vertical lakes and communal pools.
Other amenities of the building include concierge services, squash courts, a fitness center, and ample parking options, including separate quarters for drivers. The project is set for completion in the third quarter of 2027.
Worldwide Rankings
The Como penthouse is not only the priciest pad ever sold in Dubai but also ranks as the third-most-expensive penthouse ever built and sold in the world. The Odeon Tower Penthouse in Monaco, priced at $440 million, holds the title for the most expensive, followed by the penthouse at One Hyde Park, London, priced at $237 million.
The Dubai penthouse sale is part of a trend of big-ticket sales in the city, which registered a nearly 16% annual jump in prices in the third quarter. According to Knight Frank’s Prime Global Cities Index, there’s still room to go higher, as the most expensive property on the market in Dubai is an AED750 million villa dubbed the Marble Palace.
Orginal article: Link To Article – provided by Kansas City Realtors
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