Most Expensive Apartment Sold in Dubai for $27.7 Million

Dubai- A huge penthouse apartment in the Palm Jumeirah has been sold for AED102 million ($27.7 million), the most expensive in the Emirate. The previous title price tag hit AED60 million set ($16.3 million).

The announcement was made during The Cityscape Global exhibition and conference on property development in Dubai.
The triplex penthouse apartment at the One Palm, implemented by the Dubai-based Omniyat, spreads across 29,800 square feet, features several living areas, five en-suite bathrooms, and almost 11,500 sq ft of exterior space including several balconies, terraces and a rooftop area.

The triplex unit has been designed by London-based luxury design studio Elicyon, famed for its involvement in the renowned One Hyde Park building.

The buyer, an undisclosed source, bought the unit on the condition of a very specific request. Despite One Palm offering three swimming pools, the buyer asked that a 20-meter long private lap pool be built on the rooftop of his penthouse so that he could swim in private. The pool will become one of the highest and most private swimming pools in Dubai upon completion.

Situated in a prime plot on the eastern tip of the Palm Jumeirah, One Palm offers a total of 90 units. It includes three-, four- and five-bedroom residences and three triplex penthouses. A private jetty will also allow residents to dock their yachts. The project is due for completion in 2018.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts - Twitter - Facebook - Google Plus - YouTube