Dubai's 'most expensive penthouse sold in Al Habtoor City'

Time Out has news as Dubai's 'most expensive penthouse sold in Al Habtoor City' for $57m. It's on new development on Dubai Water Canal

The Al Habtoor City project just keeps making headlines. Fresh from announcing the first few details of The Atrium, a huge entertainment and dining destination at the heart of the project, it has now emerged that Dubai's most expensive apartment could have been sold within the development.

According to Arabian Business, Al Habtoor Group has sold the first of twelve penthouses in the Ultimate Collection, but have so far declined to say which one.

The Ultimate Collection incorporates 12 penthouses ranging from 880 sqm to 2,786 sqm, in addition to two VIP penthouses, which cover four flours of luxury living space, including seven bedrooms, and boast spectacular 360 degree views of Dubai’s skyline.

The VIP penthouses are priced at Dhs209,844,888 ($57m) - more expensive that the Dsh200 million penthouse in the One at Palm Jumeirah project.

The collection also includes a range of simplex and duplex penthouses, with the sale prices ranging from Dhs66,237,888 ($18m) to Dhs209,844,888 ($57m) depending on the configuration.

"Whether buying a penthouse or a luxury apartment within Al Habtoor City, you are not only buying a home, you are buying a lifestyle choice," Dr Brian Etemad, CEO, Tamleek Real Estate Co, the group’s exclusive sales agent, said.

"Al Habtoor City has so much to offer, whereby the best of the lifestyles that Las Vegas (without the gambling), Macau, and Monte Carlo have to offer are included in a one-of-a-kind development with the Al Habtoor City."

The projects also includes The Residence Collection, which consists of three luxury towers boasting 1,460 apartments named after Khalaf Ahmad Al Habtoor’s daughters Noura, Amna and Meera.

Al Habtoor City sits directly on the Dubai Water Canal, which is due to be completed later this year. Once complete, it will connect Al Habtoor City to the Dubai Creek and Arabian Gulf.

Al Habtoor City comprises three ultra-luxurious residential towers, three five-star hotels, and an array of retail and leisure facilities, as well as a boulevard, marina promenade, tennis academy and landscaped gardens.

This story first appeared on Arabian Business

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