A Palm Jumeirah penthouse lease redefines Dubai’s luxury real estate market.
In a groundbreaking deal, Metropolitan Premium Properties (MPP) finalized Dubai’s largest single-unit rental transaction, leasing a penthouse at The Royal Atlantis Resort & Residences for AED 4.4 million ($1.19 million) annually. This iconic property on Palm Jumeirah exemplifies the growing demand for ultra-luxury real estate in Dubai.
The four-bedroom penthouse spans an impressive 10,000 square feet and boasts a living and dining area, a library, an exercise room, and full furnishings. A standout feature is its 2,717-square-foot terrace with a transparent infinity pool offering panoramic views of the Dubai skyline and the Burj Al Arab.
Unparalleled Luxury and Amenities
The Royal Atlantis Resort & Residences, known for its opulence, provides exclusive amenities that attracted the high-net-worth European family who secured the penthouse. These include a private beach, a 295-foot sky-high infinity pool, 17 celebrity-led restaurants, entertainment venues, fitness centers, and boutique shopping.
“This penthouse is the pinnacle of residential sophistication and one of the most coveted homes in the city. It sets new standards of excellence in design, amenities, and living space, with spectacular views of the ocean and Dubai skyline,” said Vladimir Minaev, Luxury Property Specialist at MPP.
Minaev noted that the clients initially considered other properties on Palm Jumeirah but expanded their budget to secure this unmatched residence.
Record-Breaking Real Estate Sales
This is not the first notable deal at The Royal Atlantis. In March, Minaev facilitated a record AED 61 million sale of a four-bedroom apartment, yielding a three-fold profit for the seller who purchased during the pandemic.
Minaev’s real estate achievements are exceptional, with over AED 600 million in sales this year, including AED 135 million in re-sale transactions at The Royal Atlantis Resort & Residences.
The Metropolitan Group’s Global Reach
The Metropolitan Group, which includes MPP, operates in Dubai, Abu Dhabi, and Vienna, offering real estate and consulting services. With a focus on luxury properties, the group continues to set benchmarks in high-end real estate transactions.
