A penthouse apartment in Dubai, which was purchased for AED102 million (US$27.7 million), may be the most expensive apartment ever sold in the United Arab Emirates city, according to the building’s developer.
The unit at One Palm, a 90-unit cantilevered tower built by developer Omniyat on the eastern tip of the Palm Jumeirah’s trunk, is thought to have snagged the top-apartment-sale title from a unit at the Bulgari Resort and Residences that sold earlier this year for a comparatively paltry AED60 million (US$16.33 million).
— Mansion Global (@MansionGlobal) August 24, 2017
The undisclosed buyer bought the unit on the condition that a 20-meter-long private lap pool be built on the rooftop of his new abode, according to an Omniyat news release this week. Though the building will offer three pools as part of its amenity package, the buyer wants to be able to swim in private.
In addition to its unexpected new rooftop pool, upon completion in 2018, the unit will have five bedrooms, several living areas with views of the Dubai Marina, and almost 11,500-square-feet of exterior space, including several balconies, terraces and the rooftop area.
Buyers in the building will be able to pick from interiors designed by either Japanese firm Super Potato or London-based luxury design studio Elicyon. The penthouse buyer reportedly picked the latter, according to the Omniyat statement.
Buyers will also be able to enjoy the building’s amenities, which will include a fine-dining restaurant, indoor and outdoor swimming pools, indoor and outdoor cinemas, a barbecue area, a residents lounge, a children’s pool and playroom, a luxury spa and a private jetty.
Earlier this week, Omniyat, which did not immediately respond to a request for comment, announced that the building has officially topped out ahead of schedule.
The sale is another sign pointing toward a healthier market in the city. Local economic conditions have squeezed Dubai’s real estate market in recent years, but the city saw an almost 17% increase in transaction volume in the first six months of 2017 compared to the same period last year, according to the Dubai Land Department—driven by strong activity in affluent neighborhoods like the Palm Jumeirah.
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