Dubai Sets Record with Dh420 Million Penthouse Sale

In another remarkable achievement for Dubai’s real estate market, a luxurious penthouse in Marsa Al Arab has been sold for a record-breaking Dh420 million. The sale, announced by luxury real estate company Luxhabitat Sotheby’s International, sets a new benchmark in the prime property segment, surpassing the previous record of Dh410 million for the most expensive penthouse sold in Bvlgari Lighthouse, Jumeirah Bay Island.

The 24,628 square feet penthouse, located at the prestigious Marsa Al Arab Hotel, occupies the top floor and offers breathtaking 360-degree ocean views of Dubai. It boasts a private pool and unrivaled luxury amenities. The buyer’s identity and nationality have not been disclosed.

George Azar, CEO of Sotheby’s International Realty, highlighted Dubai’s thriving real estate landscape, particularly in the luxury sector, as the driving force behind such remarkable accomplishments. The sale of this penthouse exemplifies the vibrant and progressive nature of Dubai’s luxury property market.

The Marsa Al Arab Hotel, where the penthouse is situated, is part of a larger development that includes 386 rooms and suites, four penthouses, and 83 luxury hotel apartment suites surrounded by lush private gardens. The proximity to the newly constructed superyacht marina adds to the allure and exclusivity of the residence, offering an unparalleled luxury experience.

Masra Al Arab Villas, Dubai

Dubai’s demand for ultra-luxury properties shows no signs of slowing down, with record-breaking deals continuing to shape the prime real estate market.