LUXHABITAT has sold the most expensive Dubai penthouse
Image courtesy: Bvlgari Resorts & Residences for illustrative purposes only
A 14,000 square feet full-floor penthouse at Bvlgari Resorts & Residences on Jumeira Bay was sold for AED 60 million (US$16.3 million) by LUXHABITAT this year. The property is currently being developed by Meraas and is due for completion by the end of 2017. The luxury development will host a 1.7 million sq ft. complex and will be framed landscaped gardens. With 100 rooms and suites, 20 residential villas and a marina, the residents will be additionally pampered with a full range of luxury amenities.
According to REIDIN?s historical statistics, this penthouse is the most expensive penthouse transaction to date, only followed by a penthouse on Fairmont the Palm that sold at AED 42 million in December 2012.
Top 5 most expensive penthouses sold
Development Price (AED)
Price (AED/sqft)
Size (sqft)
Date
BVLGARI Resorts & Residences
60,000,000
4,285
14,000
8 Feb 2017
The Fairmont Palm Residences
42,000,000
2,583
16,262
11 Dec 2012
The Fairmont Palm Residences
42,000,000
1,254
33,503
26 Jun 2013
Le Reve Tower
38,000,000
2,648
14,329
9 Apr 2013
Volante
36,000,000
3,332
10,806
21 Mar 2017
Source: REIDIN/ Land Department, Luxhabitat Analysis, May 2017
Luxury Sales Director, Alexander Von Sayn Wittgenstein, who brokered the deal said, ?This penthouse is very special because it has 270 degree views of Downtown Dubai and the sea. It?s the largest penthouse I...
-------------------------------- |
|