Page 120 - Emerald Palace Group - JANUARY 2024

1/4/24, 4:47 PM 10 Parking Lots, Cinema Lounge: Dubai's Largest Penthouse Goes On Sale For Dh600 Million | MENAFN.COM
direct access to the central terrace for entertaining hundreds of guests with some of the best
views.

Additional amenities include a top-notch gym, spa and wellness area that includes a

cryogenic room, a hay relaxation room, an outdoor swimming pool, bar and barbecue area,
mini golf within a meditation garden, indoor/outdoor cinema lounge, a basketball court, 10

parking lots, a unique cigar lounge, and a bar offering 360-degree views of the Arabian Gulf
and the skyline.

“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.

Its handover term is stated to be 15 months from the date of booking.

In November, a 5-bedroom Como Residences penthouse on Palm Jumeirah was sold for a
record Dh500 million, which spanned over 21,949 square feet.

In June 2023, Bugatti Residences by Binghatti's Sky Mansion Penthouse went on sale for a

record price of Dh750 million . The size of the penthouse was not disclosed.

The luxury segment has led the growth of the local property market over the past few years
with demand exceeding supply, resulting in prices hitting an all-time high in 2023.

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Dubai property owners increasingly opting for flipping as prices hit all-time high

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