How costly can an apartment get in Dubai? Well, we have the answer now – a penthouse in Palm Jumeirah has just gone on sale and the listed price is AED 600 million. The 7,212 square metres ( 77,707 square feet) penthouse located in Raffles The Palm Dubai Residences is billed as the most expensive penthouse in Dubai.
That’s not the only superlative label this swanky superhome can boast. Its developer-seller, Emerald Palace Group (EPG) has also confirmed besides being the most expensive penthouse in Dubai, it is also the city’s largest private residence. Listed as a ‘Super Penthouse R1’, this luxurious living space will be handed over to the buyer 15 months from the date of its booking.
What’s inside the costliest penthouse in Dubai?
For that price, you’d hope it includes the sun, moon, and stars. However, the 3-level apartment on the rooftop of Raffles The Palm resort comes close enough with stellar luxuries and amenities you and I only dream of. To start, this humongous mansion-like apartment has eight bedrooms.
Since this is no regular home and it’s aimed at ultra-wealthy clients, it also has a mini-golf area, a meditation garden, an indoor/outdoor cinema lounge a basketball court, a cigar lounge offering 360-degree views of the Arabian Gulf and 10 parking lots.
It will also include a spa and wellness area with a cryogenic room, a dining room with a Teppanyaki kitchen and a banquet-style dining table that can seat 20 people at a time, outdoor and indoor swimming pools and a barbeque area.
Dubai’s luxury property boom
This Raffles penthouse might be the most expensive one but it’s not the first super-luxury home to shake up Dubai’s real estate market with its pricetag. In 2022, Indian billionaire Mukesh Ambani splurged an eye-watering AED 598 million on a villa in Palm Jumeirah.
Just last February an AED-410-million penthouse in Jumeirah Bay island’s Bulgari Lighthouse exchanged hands. That was followed by an under-construction penthouse in the Jumeirah Marsa Al Arab Hotel, also in Palm Jumeirah, which sold for a record-breaking AED 420 million. A record that the Raffles penthouse is aiming to topple.
Seran Gheorghe, Vice-President of EPG and Director of Sales for Raffles The Palm Dubai Residences said, “We firmly believe that the sale of this lavish residence would mark another significant milestone in the history of Dubai real estate, and we look forward to further contributing to the sector’s growth.”
As for who’ll own this ritzy property and what that housewarming party will look like, we’ll just have to keep guessing and imagining.