Hefty deals breaking the scale has become a usual affair in Dubai. The pursuit to own the most expensive apartment is an unending chase for rich people. But we are in for some shocking news. The Dh420 Million deal has reached its peak and overtaken the previous deal of Dh410 Million making it the second most expensive now. Let’s find out more about this Marsa Al Arab penthouse that was sold for such a whopping price.
Marsa Al Arab Penthouse Beats Bulgari Lighthouse Deal
The Bulgari Lighthouse unit for Dh410 million was beaten by the penthouse in Marsa Al Arab. A unit in the Marsa Al Arab Hotel, which is still under construction, has sold for Dh420 million. It sums up to Dh17,000 per square foot. This becomes the priciest flat ever sold in Dubai.
Taieser Al Saati, Executive Partner at Luxhabitat Sotheby’s International Realty, executed the deal. The agreement surpasses the results of the sale of an apartment at the Bulgari Lighthouse for Dh410 million.
The largest floor penthouse is 24,628 square feet large. This residence’s 17,000 square feet of outdoor space includes a private pool and 360-degree views of the ocean.
Let’s Have A Sneak Peak Inside This Upcoming Apartment
Given the price we anticipate a plethora of luxurious amenities that would be worth the price the buyer has paid. Let’s start digging more about it. Residents have privileged access to this regal penthouse retreat. A dedicated lobby has been provided for the access and it’s furnished with two private lifts. The property gets the advantage of being next to the recently built superyacht marina. This further boosts its unmatched level of luxury.
Let’s understand more about this upcoming hotel. Marsa Al Arab Hotel will have 386 rooms and suites, 4 penthouses and 83 luxury hotel apartment suites located amidst an abundance of private gardens, with a design inspired by future superyachts. The resort’s opulent grounds feature lush gardens, sparkling waterways, green terraces, and private cabana and pavilion spaces. It has more than 10 restaurants and bars that have been carefully chosen by internationally renowned restaurant designers, as well as a wide range of magnificently constructed pools, spas, and wellness facilities.
This deal has stepped up the level and set a new benchmark for real estate development.
Cover Image Courtesy: Press Release