Page 160 - Emerald Palace Group - JANUARY 2024

Dubai's largest penthouse, with mini golf,

cinema, 10 parking lots, goes on sale for

$163.48mln

1/3/2024 12:13:55 PM

Khaleej Times-

Dubai's largest penthouse has been listed for sale at Dh600 million, as announced by
the Emerald Palace Group (EPG) on Wednesday.

The Super Penthouse R1 comprises the top three levels and the rooftop of the Raffles
The Palm Dubai Residences, and spans over a total built-up area of 77,707 square feet.
This marks a significant milestone, setting a new record for the largest private residence
in Dubai's real estate history.

The Super Penthouse R1 houses eight bedrooms, a private elevator that opens directly
to the Grand Saloon located on the first level, a grandiose dining room, and a vast
sitting area with 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

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