Page 186 - Emerald Palace Group - JANUARY 2024

1/9/24, 5:06 PM Business News - Largest, one-of-a-kind penthouse in Dubai goes on sale for AED 600 million
Largest, one-of-a-kind penthouse in Dubai goes on sale for

AED 600 million

EPG's iconic super-penthouse spans across 77,707 sq. ft built-up area and comprises top-three levels and rooftop of the
prestigious Raffles The Palm Dubai Residences

DUBAI, UAE, January 04, 2024 /24-7PressRelease/ -- Emerald Palace Group (EPG), which owns the luxurious Raffles The Palm Dubai,
has announced that the Super Penthouse R1, the largest penthouse in Dubai, is up for sale at AED 600 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 term 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 perfectly embodies the impeccable fusion of luxury and
elegance, in addition to demonstrating remarkable craftsmanship and quality finishes. 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.1 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.2

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 constantly strives to create and
provide customers with exceptional residences that are a harmonious blend of elegance, comfort, luxury, and convenience.
About Raffles
Founded in Singapore in 1887, Raffles Hotels, Resorts and Residences are places where ideas are born, history is made and stories
and legends are created. At each landmark address, distinguished guests and residents will find a world of elegance and enchanted
glamour, where Raffles' renowned legacy of gracious service knows no bounds. As the authentic heart of a destination, Raffles
champions fine art and design, and fosters culture in all its forms, guiding guests to make discoveries in their own time and way. Raffles'
commitment to local communities is expressed through diverse initiatives with a unified mission to actively support the arts and the
environment. From one generation to the next, visitors arrive as guests, leave as friends, and return as family. Raffles can be found in
key international locations including Singapore, Paris, Istanbul, Dubai, Doha, Maldives, Udaipur, Phnom Penh and Bali; with flagship
openings upcoming in London, Boston, Macau and Bahrain in 2023. Raffles is part of Accor, a world leading hospitality group counting
over 5,500 properties throughout more than 110 countries, and a participating brand in ALL - Accor Live Limitless – a lifestyle loyalty
program providing access to a wide variety of rewards, services and experiences.

raffles.com | all.accor.com | group.accor.com

Press Release Contact Information:

Orient Planet Group OPG
Orient Planet Group
Dubai, Dubai
United Arab Emirates

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