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Palm Jumeirah Penthouse sold for huge sum of AED163 m

Article-Palm Jumeirah Penthouse sold for huge sum of AED163 m

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The feature rich and supposed biggest penthouse on was sold by the premium real estate brokerage, B1 Properties.

Palm Jumeirah’s Atlantis The Royal Residences’ largest penthouse was sold for AED163 million. The supposed biggest penthouse on the Palm was sold by the premium real estate brokerage, B1 Properties.

The 25,208 square foot five-bedroom triplex penthouse has some impressive features to its name. Included are two private pools and terraces, a private elevator, a sky garden, and 360-degree views of Palm Jumeirah and the Arabian Sea via its floor-to-ceiling windows.

Located on the highest floors of the residential towers, floors 35,36, and 37, including an extra mezzanine level on floor 37, the penthouse is nothing short of luxury.

Given the penthouse's location in The Royal Atlantis Resort & Residencies, the penthouse also has access to the stand-out amenities that the resort has to offer. These include a 90-meter infinity sky pool, over 40 cafés, and restaurants, spa treatment rooms, steam and sauna facilities, gyms, tennis courts, and many other world-class facilities.

Inspired by the elegance of ancient Atlantis, some of the world's most renowned designers have worked on The Royal Atlantis Resort & Residences. This has led to distinctly developed concepts with rich features such as elegant pools and beautiful gardens. But, that’s not all. As conveyed on The Royal Atlantis Resort & Residences’ website, the Parisian designer Sybille de Margerie and GA Design used materials including leather, marble, metal, porcelain, and gold leaf to construct the interiors of the homes.a

This substantial purchase is linked to the rising demand for investing in Palm Jumeirah. But, it is also linked to the rising demand for investing in Dubai as a second home amongst affluent international citizens, and in many cases a primary place of residence too.

The increasing attractiveness of prime real estate in the UAE and Dubai has seen Dubai recently rank 4th in the world for prime residential capital growth. A strong contributor to this is the United Arab Emirates Golden Visa Scheme which is a long-term residence visa valid for up to 10 years. This Golden Visa Scheme offers attractive advantages for highly skilled foreign people to work or study in the UAE, thus attracting strong capital inflows into the UAE’s real estate market as these people seek to relocate to the UAE.

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