Another high-value penthouse on the Palm Jumeirah is up for sale and it looks set to attract Dh250 million — as the demand for luxury properties continues to rise in Dubai.
“The super-luxury property on the Palm Jumeirah will cost Dh250 million,” according to the developer Alpago Properties, who recently sold a new mansion on the Palm for Dh302.5 million surpassing the previous record of Dh280 million.
Each unit comprising of 9,000 and 19,000 square feet will be costing between Dh95 million and Dh250 million. The most expensive unit receives two floors, while the other nine will each have one.
“Prices have been set for the 10 units that make up the project’s 11 stories by Alpago Properties. Sales won’t begin until the project is finished, which is anticipated in 2024,” the developer said.
Alpago Properties, which disclosed details of its newest and latest project — Palm Flower, said this newest project will be the crème de la crème of luxury residences and is set to be another architectural wonder on the picturesque Palm Jumeirah.
“Located on the West Beach of the Palm Jumeirah, the property will consist of 11 floors contain 10 residential units, each occupying an entire floor with one mega penthouse taking up two floors,” according to the developer.