Monday, October 25, 2021

Dubai’s most expensive penthouse for sale for 42 million euros

Five bedrooms, six bathrooms, its own pool and a large outdoor terrace.

These are just some of the features of the most expensive luxury penthouse in Dubai today, located on

the top floor of Atlantis The Royal Resort & Residences.

The full service real estate agency specializing in the sale of luxury properties Metropolitan Premium Properties is marketing this triplex for a price of 180,000,000 AED, which is equivalent to about 49 million dollars or

almost 42 million euros.

The luxurious 25,000 square foot property offers occupants views of The Palm and the ocean.

In addition, there is a private lounge and beach, as well as access to five-star services.

Built and managed by Kerzner, Atlantis The Royal Dubai is situated in the crescent of The Palm and consists of 231 luxury apartments, 693 hotel rooms and 102 suites.

Metropolitan Premium Properties has seen strong demand for luxury properties from foreign investors.

Last year 30% of transactions were from international clients, mainly from CIS, UK and other parts of Europe such as France, Germany and Austria, a trend has continued this year as well.

One of the group’s largest transactions was that of two penthouses located at the W Residence on Palm Jumeirah, which were sold for AED 102 million (more than 23 million euros) to the same buyer, as well as a Royal Atlantis Garden Villa for AED 44 million (about € 10 million) and another at IL PRIMO Downtown for AED 42 million (more than € 9 million) to a European buyer.

According to Metropolitan Group partner and CEO of Metropolitan Premium Properties, Nikita Kuznetsov, Dubai has some of the most luxurious properties in the world and continues to offer its residents an unmatched lifestyle. “The city has become one of the safest and most open in the world, giving residents and investors confidence in the real estate market. Buyers choose Dubai because of the high levels of security the country offers, especially for people with high purchasing power “, he assures.

Company data shows that property sales of over AED 5 million (over € 1 million) accounted for 15% of total sales in the first six months and the median sales price of range properties high increased from 5 to 10 million AED (about two million euros).

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