Palm Jumeirah is home to Dubai’s most expensive penthouse

A Gulf-based national is now the proud owner of Dubai’s most expensive penthouse costing a mind-blowing Dh102 million, beating the previous record of Dh60 million.
Omniyat Group founder and chief executive Mahdi Amjad said the 29,800-square foot property, one of the three penthouses at the One Palm development in Palm Jumeirah, was sold to the unnamed buyer who had one specific request: a 20-meter long lap pool so he could swim in private.
“It is a strategic investor from the GCC [Gulf Cooperation Council],” Amjad said. “He’s moving into Dubai and it’s his permanent home.”
Aside from the private pool, the penthouse features uninterrupted views of Dubai Marina’s skyline and the Arabian Gulf even from the five en-suite bathrooms and several living areas; 11,500 square feet of exterior space including balconies and terraces and interior arrangements from London-based luxury design studio Elicyon.
Amjad said that the sale was a vindication of Omniyat’s strategy of building exclusive, super-prime properties in the city, adding that the buyer was a sophisticated owner who already owned properties in New York and Hong Kong.
Omniyat said it had topped out the One Palm development and would now complete in 2018.
The company is now in talks with potential buyers for the remaining two penthouses at One Palm, with options of either combining them or keeping them as two separate units to be offered to the market.
“We are in discussion for those two other penthouses as well. We have two offers that have been made — one family would like to combine them, one family would like to separate them. It’s a very bespoke product,” Amjad said.