Raffles The Palm - Dubai’s most expensive penthouse is on sale for AED600m!

 

 

In the bustling city of Dubai, known for its architectural marvels and luxury living, the real estate market has witnessed a new pinnacle.

 

Raffles The Palm Dubai, a renowned name in high-end properties, has listed its crown jewel - a 77,707 square feet, three-level penthouse, for a staggering Dh600 million.

 

This makes it the most expensive property listing in Dubai to date, reflecting the city's escalating appeal to investors seeking super-luxury residences.

 

Image credit: thenationalnews.com

 

The penthouse, aptly named the 'Super Penthouse R1', is a part of the prestigious Emerald Palace Group (EPG) portfolio.

 

This colossal space spans over 70,000 sq. ft, offering a living experience in one of the city's most sought-after locations, Palm Jumeirah.

 

EPG and Raffles, a brand under the Accor hospitality group, have set a new standard in luxury with this listing.

 

Image credit: thenationalnews.com

 

Seran Gheorghe, Vice-President of EPG and Director of Sales for Raffles The Palm Dubai Residences expressed the significance of this listing.

 

"Our offering of this exceptional super-penthouse is a testament to Dubai's rising prominence in the global real estate market," he said, highlighting the increasing demand from ultra-high-net-worth individuals for luxury properties in the city.

 

The Dh600 million penthouse is not just about its staggering size but also about its extraordinary features. Occupying three levels plus the rooftop of Raffles The Palm, it boasts eight bedrooms, an extravagant dining table for 20 people, and a plethora of luxurious amenities. These include a spa and wellness area complete with a Cryogenic room, a Hay relaxation room, an outdoor swimming pool, and a barbecue area. Additionally, the penthouse offers a mini-golf course set in a meditation garden, an indoor/outdoor cinema lounge, a basketball court, 10 parking spaces, and a cigar lounge.

 

Image credit: thenationalnews.com

Image credit: thenationalnews.com

 

Dubai's real estate market has been buzzing with super-luxury home sales. Recent transactions include a Dh420 million deal at Marsa Al Arab and a Dh220 million sale at Palm Jumeirah last year. The trend is set to continue with a new wave of super-homes expected to hit the market in 2024, especially around the new Palm Jebel Ali development. This penthouse listing at Raffles The Palm Dubai is more than just a property; it's a symbol of the ultra-luxurious lifestyle that Dubai offers to the world's elite.