Dubai: Another Palm Jumeirah penthouse sold for whopping Dh163 million

A penthouse on the Atlantis The Royal Resort & Residences was sold for Dh180 million last year



by

Waheed Abbas

Published: Wed 24 Aug 2022, 11:26 AM

The largest penthouse on Palm Jumeirah’s Atlantis The Royal Residences has been sold for Dh163 million.

The five-bedroom triplex penthouse spans 25,208 sq ft and includes a sky garden, two private pools and terraces, a private elevator, and floor-to-ceiling windows with 360-degree infinite views of both the Arabian Sea and Palm Jumeirah.

Luxury real estate brokerage firm B1 Properties sold the penthouse, which it said is the largest penthouse on the Palm.

Palm Jumeirah has been one of the hottest areas of Dubai when it comes to penthouses. A penthouse on the Atlantis The Royal Resort & Residences was sold for Dh180 million last year.

The new penthouse is located on the highest floors of the residential towers — 35, 36 and 37 with an additional mezzanine level on 37. Resort amenities include bespoke serviced a-la-carte packages, a 90-metre infinity sky pool, access to over 40 eateries and restaurants, spa treatment rooms, steam and sauna rooms, gyms, and tennis courts, among many others.

“This notable transaction is attributed to the growing interest in investment in Palm Jumeirah, and the enduring appeal of Dubai as a second home to discerning world citizens,” said Babak Jafari, CEO and Founder of B1 Properties.

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