Dubai’s most expensive penthouse has been sold

One Palm by Omniyat’s penthouse has gone for a whopping Dhs102 million

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Dubai’s most expensive penthouse apartment has been sold, and it has come in at nearly double the price of the previous record holder.

At Dhs102 million, the penthouse apartment of One Palm by Omniyat on Palm Jumeirah has sold for Dhs42 million more than the penthouse of the Bulgari Resorts and Residences project on Jumeira Bay Island (Dhs60 million), earlier this year.

Measuring in at more than 29,800 sq ft of full-on luxury, the five-bedroom (all en-suite) apartment offers up almost perfect view of the epic Dubai Marina skyline. The huge apartment also includes more than 11,000 sq ft of exterior space, including multiple balconies, terraces and a rooftop area.

It also has its own swimming pool, with the buyer requesting, specifically, a 20-metre-long pool be built. As the apartment tower is yet to be finished, Omniyat agreed. Because who wouldn’t love to own one of Dubai’s highest private swimming pools?

Omniyat says that, having topped out (when the last beam has been placed during construction), the whole building is due for completion in 2018, and a three-bedroom apartment will set you back at least Dhs12.5 million.

“The topping out of One Palm ahead of schedule is testament to our team and partners who have worked tirelessly to bring this incredible building to life,” said Mahdiu Amjad, founder and CEO of Omniyat. “From this point on we now look forward handing over the keys to our first customers and the official opening.”

With so many more enormous developments currently being constructed, and more being announced at Cityscape Global at Dubai World Trade Centre, who’s to say the record won’t be broken again by that point?

Looking to rent? Our ultimate guide to the Dubai rental market is all you need. Check out everything you need to know about how to rent in the city, plus guides on property values, your rights and how to insure your place.

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