Page 104 - Emerald Palace Group - JANUARY 2024

inside a meditation garden, an indoor/outdoor movie lounge, a basketball court, ten
parking lots, a cigar lounge, and a bar with 360-degree views of the skyline and Arabian

Gulf.
“Our listing of this exceptional super-penthouse holds special significance, considering

Dubai’s recent central positioning in the global real estate market and growing demand
for luxury properties by numerous ultra-high-net-worth individuals.
“We firmly believe that the sale of this residence would mark another significant milestone

in the history of Dubai real estate, and we look forward to further contributing to the
sector’s growth,” said Seran Gheorghe, vice president of EPG and director of sales for

Raffles The Palm Dubai Residences.
The specified period for handover is 15 months from the booking date.

A record Dh500 million was paid in November for the sale of a five-bedroom Como
Residences penthouse on Palm Jumeirah. The property was situated over 21,949 square

feet.
The Sky Mansion Penthouse at Bugatti Residences by Binghatti went up for sale in June
2023 for a record-breaking Dh750 million. The penthouse’s dimensions were not

revealed.
Demand has outpaced supply in the luxury segment, which has driven the local real estate

market’s growth in recent years, pushing prices to an all-time high in 2023.

https://www.propertynews.ae/uae/for-163-48-million-dubais-largest-penthouse-goes-on-sale-with-mini-
golf-a-cinema-and-ten-parking-spots/