As record-breaking deals in the prime category continue to occur, demand for Dubai’s ultra-luxury penthouses and residences continues to attract the ultra-rich. And, there are no signs of slowing down this trend.
The most expensive penthouse in Marsa Al Arab was sold for a record-breaking Dh 420 million on Tuesday, according to luxury real estate firm Luxhabitat Sotheby’s International.
Luxhabitat Sotheby’s International Realty sold the opulent property for Dh 17,000 per square foot. The buyer’s name and country of citizenship were not made public, though.
The previous most expensive penthouse was sold for Dh 410 million at the Bvlgari Lighthouse on Jumeirah Bay Island in February 2023.
Dubai’s thriving real estate landscape, particularly in the luxury sector, provides an exceptional platform for remarkable accomplishments. This sale is a testament to the vibrant and progressive luxury property market in Dubai.
The Marsa Al Arab penthouse, which is located in the Marsa Al Arab Hotel, is on the highest floor and is a whopping 24,628 square feet. It also has a private pool and 360-degree views of Dubai’s ocean.
The property also benefits from being next to the recently built superyacht marina, further boosting its unmatched level of luxury.
Amidst a plethora of private gardens, Marsa Al Arab Hotel will feature 386 rooms and suites, 4 penthouses, as well as 83 luxury hotel apartment suites set amidst abundant private gardens.