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1/4/24, 4:09 PM Dubai's largest penthouse sold for AED 600 million | Aviamost
Dubai's largest penthouse goes on sale for AED 600 million

By Olga_Gafurova Thursday, 04 January 2024 10:46 AM

A three-story super penthouse with more
than 77,000 square feet at Raffles the Palm
Dubai Residences has listed for AED 600
million (US$164 million).

Located on Palm Jumeirah, the penthouse is
the largest private residence “in Dubai’s real
estate history,” according to a news release
Wednesday from Emerald Palace Group,
which owns the Raffles the Palm Dubai.

“Transcending the ordinary, this remarkable
penthouse seeks to provide an exceptional
lifestyle that seamlessly combines elegance,
convenience and practicality,” Seran
Gheorghe, vice president of EPG and director of sales for Raffles the Palm Dubai Residences, said in a statement.

Designed in collaboration with Miami-based architectural firm YoDezeen, the penthouse is set to feature “a
contemporary design with a dash of modernity and elegance,” the listing said.

A private elevator whisks guests and residents to the Grand Salon on the first level of the triplex, which offers a large
sitting room with access to the terrace and views of the Arabian Gulf and Dubai skyline. There’s also a dining area
with a table big enough for 20 guests and a kitchen with Teppanyaki cooking surfaces.

Other amenities of the residence include a private gym, a spa and wellness area with a cryogenic room, a hay
relaxation room—which uses the freshly cut material to promote relaxation—a cigar lounge and a bar offering 360-
degree views.

Outside, there’s a bar and barbecue area, minigolf within a meditation garden, indoor/outdoor cinema lounge and a
basketball court. There are also 10 parking places.

The penthouse is expected to be ready about 15 months after going into contract.

Luxury residential sales in Dubai had a banner year in 2023, and is on track to continue this year. The super
penthouse aims to take advantage of the city’s explosive growth, Gheorghe noted.

“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,” he said. “We firmly believe that the sale of this lavish residence would mark another significant
milestone in the history of Dubai real estate.”

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