Dubai: Mega penthouse in Palm Jumeirah sold for Dh220 million

Dubai’s ultra-luxury home market witnessed another record-breaking deal on Tuesday as Luxhabitat Sotheby’s International Realty sold the most expensive penthouse ever on the Palm Jumeirah for Dh220 million. The transaction was for a shell-and-core mega penthouse at Omniyat’s AVA at Palm Jumeirah, Dorchester Collection by executive partner, Honey Deylami.

The penthouse, termed Sky Palace, sold is on the topmost floor of AVA at Palm Jumeirah, Dorchester Collection, spanning a built-up area of 33,406 sq ft. The penthouse was sold shell-and-core, allowing the buyer to design the home of their dreams and occupies four floors. It features a 360-degree infinity lap pool and offers views of Palm Jumeirah, Burj Al Arab, and Ain Dubai. It also has a four-floor 200m indoor garden and a roof terrace with 360-degree views, making it the perfect spot for entertaining and relaxing.

Deylami said: “Palm Jumeirah is proven to be one of the most sought-after locations for UHNW [ultra high networth] 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 Dh5.8 billion in sales volume.”

AVA is a super exclusive development by Omniyat in Palm Jumeirah. With only 17 residences, AVA at Palm Jumeirah, Dorchester Collection has exclusive residences with direct access to private terraces with a pool, floor-to-ceiling windows, and a stunning 270-degree floor-to-ceiling view private beach and all the five-star amenities of Dorchester collection. This development will also boast one of the most stunning penthouses in the world, placed over multiple levels with a private panoramic elevator and private lobby. Due to the nature of the development, there are only simplexes, duplexes, and of course, the sky palace mansion with the largest infinity pool for a residential building which was sold by Deylami.

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