Luxhabitat Sotheby’s International Realty has made headlines with the announcement of a record-breaking sale in Palm Jumeirah. The most expensive penthouse ever sold on the iconic island has fetched a staggering AED 220 million ($60 million). This remarkable sale serves as a testament to Dubai’s status as a hub for luxury real estate. It reaffirms the city’s allure and appeal, capturing the attention of high-net-worth individuals from around the world.
The transaction involved a shell-and-core mega penthouse located at AVA at Palm Jumeirah, Dorchester Collection. Executive Partner, Honey Deylami, played a pivotal role in facilitating the sale and securing this extraordinary deal. Spanning an impressive 33,406 square feet, the penthouse is located on the topmost floor of AVA at Palm Jumeirah. Its elevated position provides breathtaking panoramic views of a truly unmatched visual experience.
The distinctive feature that makes this penthouse truly exceptional is it is being sold shell-and-core. This unique offering provides the buyer with an unprecedented level of freedom. It allows them to personalize and design their dream home precisely according to their preferences and vision. With four floors to explore, the property offers boundless possibilities for customization and showcases a stunning 360-degree infinity lap pool.
Setting a New Benchmark
Commenting on the historic sale, Honey Deylami stated, “Palm Jumeirah is proven to be one of the most sought-after locations for UHNW clientele. Although there is very limited stock available on the island in terms of existing or new developments, 611 transactions took place on the island in Q1, worth AED5.8 billion in sales volume.” This remarkable sale not only highlights the desirability of Palm Jumeirah but also demonstrates the ongoing confidence and interest in luxury properties within the region.
Luxhabitat Sotheby’s International Realty has once again demonstrated its expertise and ability to meet the refined preferences of high-net-worth individuals. This remarkable sale has broken previous records, highlighting the continuous expansion of Dubai’s luxury real estate market. It not only reflects the growing demand for opulent properties but also reinforces Dubai’s status as a sought-after global destination for those seeking extravagant lifestyles.
The sale of the AVA at Palm Jumeirah, Dorchester Collection penthouse has set a new benchmark for luxury properties in the city. This achievement further enhances Dubai’s reputation as a sought-after destination for refined living and exceptional investment opportunities.
