A view of the penthouse with four-floor 200m indoor garden and a roof terrace with 360-degree view in Dubai.
Gulf Today, Staff Reporter
The real estate market in Dubai continues to grow with the registration of another penthouse sale in the emirate, days after the sale of a penthouse in Marsa Al Arab in Jumeirah for record Dhs420 million
The Luxhabitat Sotheby's International announced on Tuesday that it had concluded a deal for the most expensive penthouse ever in Palm Jumeirah for Dhs220 million.
The company's executive partner, Honey Deylami, has secured the sale of a massive four-storey mansion on Palm Jumeirah, Dorchester Collection, an exclusive development on Palm Jumeirah that includes only 17 residential units.
The penthouse sold was on the topmost floor of AVA at Palm Jumeirah. The sold penthouse is located on the top floor of the project and has an area of 33,406 square feet.
The property features a 360-degree infinity-edge pool and view of Palm Jumeirah, Burj Al Arab and Ain Dubai.It has an indoor garden of 200 square metres on four floors and roof terrace with a 360-degree view.
Amenities include an infinity edge pool, gym, a dedicated in-house spa, boardroom, state-of-the-art cinema room, a library lounge, boardroom & business centre, and yoga studio. The property will also share facilities such as beach access, restaurant, and jetty access with One at Palm Jumeirah Dorchester Collection.
Deylami comments, “Palm Jumeirah is proven to be one of the most sought-after locations for UHNW clientele. Although there is very limited stock available on the island in terms of existing or new developments, 611 transactions took place on the island in Q1, worth Dhs5.8 billion in sales volume.”
Ava is a super exclusive development in Palm Jumeirah with only 17 residences, AVA at Palm Jumeirah, Dorchester Collection has exclusive residences with direct access to private terraces with a pool, floor-to-ceiling windows, and a stunning 270-degree floor-to-ceiling view private beach and all the 5-star amenities of Dorchester collection.
This development will also boast one of the most stunning penthouses in the world, placed over multiple levels with a private panoramic elevator and private lobby. Due to the nature of the development, there are only simplexes, duplexes, and of course, the sky palace mansion with the largest infinity pool for a residential building, which was sold by Deylami.
Honey Deylami is currently the top-performing broker at Luxhabitat Sotheby’s International Realty, with over Dhs3 billion sales closed in 2022. She has now already beat this record at Dhs4 billion sales to date this year and is known for having some of the most covetable exclusive listings in Dubai.
A four-bedroom penthouse in Palm Jumeirah won a huge rental deal of Dhs1.7 million (about 460 thousand dollars) for a year.
The top three transactions were a land in Palm Deira sold for Dhs167.88 million, followed by a land that was sold for Dhs136 million in Business Bay, and a land sold for Dhs125 million in Al Thanyah First in third place.
A recent report issued by the real estate company, Allsopp & Allsopp, said that the increasing global focus on Dubai has also led to a boom in the off-plan sales market, which has led to an increase in its share to about 50 per cent of all real estate sales, during the first half of 2023.
The Ministry of Human Resources and Emiratisation (MoHRE) revealed that approximately 5.73 million employees have subscribed to the Unemployment Insurance Scheme since it went into effect on Jan.1, 2023, up until Sept.25, 2023.
Sheikh Hamdan inaugurated the third edition of the Dubai World Congress for Self-Driving Transport and honoured the winners of the Dubai World Challenge for Self-Driving Transport.
She added that immediately after the operation, she had severe bleeding and blood accumulation in the neck, after which she was admitted to intensive care for two days.