Page 60 - Emerald Palace Group - JANUARY 2024

1/5/24, 12:07 PM 77,707 square-foot luxurious Dubai super-penthouse listed for $163 million!
The luxury category has been driving the rise of the local property market.
Previously, a record-breaking DH500 million sale occurred in November for a

five-bedroom penthouse at Como Residences in Palm Jumeirah. This 22,000-
square-foot property includes a private lift and floor-to-ceiling windows.

In June 2023, Bugatti Residences by Binghatti's Sky Mansion Penthouse was
listed for an astounding DH750 million, although the penthouse's size remains
undisclosed.

4/5 Rising demand for luxury properties

According to many predictions, the price increase of luxury residential homes in
Dubai is expected to soar in the future years, establishing the Emirate as a
prominent player in the global real estate market.

Reports suggest that home prices in Dubai's prime areas—which include the Palm
Jumeirah—are predicted to increase by 5%, while those in non-prime markets are
predicted to increase by 3.5%.

5/5 The property will be handed over in 15 months

Gheorghe was quoted saying that this 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."

Furthermore, potential homeowners can customize this unique super-penthouse
by selecting extraordinary features to make it their little paradise.

Reportedly, the handover will be done 15 months from the date of the booking.

https://www.newsbytesapp.com/news/lifestyle/dubai-s-luxurious-penthouse-listed-for-sale/story 2/2