– The Palm Jumeirah penthouse, an exclusive property on Como Residences, has just broken a major Dubai real estate record.
– Sold for an astonishing $87 million, it’s crowned as the most expensive sale ever for a residence in Dubai.
– This colossal residential penthouse spreading over 14,000 square feet of luxury is slated for completion by late 2027.
– Como Residences is an ultra-luxe residential project featuring an array of high-end amenities like private pools, rooftop terraces, and marvelous sea views.
– A growing number of international high rollers are being attracted to Dubai’s real estate market, drawn by stable regulation and a diverse range of luxury offerings.
– The overall property market in Dubai has been resilient, even maintaining sales momentum despite the global pandemic.
A Penthouse Wonder!
Dazzling Sale Lights Up Dubai Skyline
In the Lap of Luxurious Exclusivity
Who knew you needed a fortune of $87 million just to get a good night sleep? In a dazzling display of real estate opulence, a penthouse at Como Residences on the Palm Jumeirah threw the gauntlet down, becoming the priciest domicile ever sold in Dubai’s history. Oops! Did I say domicile? More like a 14,000 square foot sleeping fortress.
The property, still under construction and expected to swankify the skyline by the tail-end of 2027, offers just about everything to make a billionaire’s heart flutter. Private pools for all those tough billionaire business meetings, rooftop terraces for dazzling alfresco parties with the stunning sea as a backdrop, and the list goes on.
Please note: Ordinary mortals may need a crash course on how to convert square foot to square miles, given the size of this property! Ha!
Call of the Desert Oasis
Dubai – A Ritzy Real Estate Haven
It seems the sheer scale of luxury is beckoning more international big hitters than a Las Vegas casino. Stability in regulations and a vibrant range of luxury offerings (that can even put James Bond’s pad to shame) are proving to be Dubai’s magnetic pull for the real estate high rollers.
As the globe has been playing pandemic ping-pong, Dubai’s property market has shown resilience that would make a bouncy castle proud, maintaining sales momentum amidst all the doom and gloom.
If we take a blast to the past, this latest jaw-dropping sale has even managed to eclipse the previous record held by a mansion that sold for a measly $74.5 million in 2019. Clearly, even the sky isn’t the limit for Dubai’s luxury real estate.
In the words of the immortal philosopher, Kermit the Frog, “It’s not easy being green,” and it seems in Dubai, it’s not easy having a penthouse without a private pool and a rooftop terrace either! With the grand spectacle of the Como Residences penthouse sale, you’ve got to accept one thing: in Dubai’s real estate game, just when you thought they were out of trump cards, they floor you with a royal flush. Can’t wait to see what’s next – a moon base?
Remember folks, where there’s real estate, there’s expectation inflation! Isn’t it funny how Dubai’s skyline is not just about tall buildings but also talls tales of towering real estate sales?
Original article: https://www.inman.com/2023/12/06/not-yet-developed-dubai-penthouse-sells-for-136m/
