Page 121 - Emerald Palace Group - JANUARY 2024

1/4/24, 4:48 PM Largest penthouse in Dubai goes on sale for $163m
Largest penthouse in Dubai goes on
sale for $163m

DUBAI, 1 days ago
Emerald Palace Group (EPG) has announced that
its Super Penthouse R1, believed to be the largest
penthouse in Dubai, is up for sale at AED600
million ($163.36 million).

Comprising the top three levels and rooftop of the
prestigious Raffles The Palm Dubai Residences,
this ultra-luxury super-penthouse in Palm
Jumeirah is designed in collaboration with
Yodezeen, the world-renowned design company.

It spans over a total built up area of 77,707 sq ft,
setting a new benchmark for the largest private
residence in Dubai’s real estate history. This plush
penthouse is set to redefine the pinnacle of contemporary living at one of the most coveted locations in Dubai, with
eight meticulously designed bedrooms, an extravagant 20-people dining table, and a tastefully built bar, alongside
numerous other upscale amenities.

The handover for this exceptional penthouse is stated to be 15 months from the date of booking.

Seran Gheorghe, Vice President of EPG and Director of Sales for Raffles The Palm Dubai Residences, stated: “Our
super-penthouse is an embodiment of architectural grandeur and exclusivity. Transcending the ordinary, this
remarkable penthouse seeks to provide an exceptional lifestyle that seamlessly combines elegance, convenience,
and practicality. Our listing of this exceptional super-penthouse holds special significance, considering Dubai’s recent
central positioning in the global real estate market and a growing demand for luxury properties by numerous ultra-
high-net-worth individuals. We firmly believe that the sale of this lavish 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.”

The Super Penthouse R1 is a magnificent architectural masterpiece that embodies the impeccable fusion of luxury
and elegance, in addition to demonstrating remarkable craftsmanship and quality finishes, EPG said.

Flaunting a contemporary design with a dash of modernity and elegance, this exquisite residence features a private
elevator that opens directly to the Grand Saloon located on the first level. To further enrich experiences, the space
also includes a grandiose dining room featuring a Teppanyaki Kitchen. Additionally, it also entails a vast sitting area
with direct access to the central terrace perfectly appointed for entertaining hundreds of guests with some of the best
views.

The residence aims to set forth a privileged lifestyle that promises a one-of-a-kind experience, reshaping the very
notion of exclusive and opulent living. Some additional amenities of the penthouse 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, minigolf 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.

Numerous reports state that the price growth for luxury residential properties in Dubai will experience a significant
surge in the upcoming years, positioning the emirate as a leading global real estate market. The property prices are
expected to rise by 5 per cent in prime markets in Dubai, including the Palm Jumeirah, while the prices are forecast
to grow by 3.5 per cent in non-prime markets, according to reports.

This iconic super-penthouse at the Raffles The Palm Dubai Residences offers customisation options for buyers,
where they can choose additional exquisite features to create their own personal piece of paradise in the heart of
Dubai, EPG said.

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