Image Courtesy of Atlantis The Royal Resort & Residences
The 25,000 square foot penthouse at The Royal Atlantis Resort and Residences, which is reported to be the most costly in the market, has sparked a lot of interest, according to real estate agents. “We hope to see a deal closer to the project’s completion date,” said one agent who has been involved with the project on the Palm since its start.
Once the deal is done, this will be Dubai’s most expensive penthouse deal. The residential section of the twin-structure complex will be completed in late summer, with the hotel expected to open in the fourth quarter.
Timothy Kelly, Executive Vice-President and Managing Director of Atlantis Dubai refer to it as the “super-penthouse.” “Except for the super-penthouse, all 230 residences have been sold,” mentioned by Timothy Kelly. “The current price is Dh180 million and it will be the most stunning penthouse in entire Dubai, featuring three floors, 25,000 square feet, and two outdoor terraces with pools.
“The Residences have high-profile owners from all continents – they are the ‘world citizens of high-end luxury.”
Investors are in the Loop
A flat in the complex recently sold for Dh41 million, making it the second most expensive apartment sale in Dubai in April. (Source: DXB Interact)
Two of the most expensive penthouse sales in recent memory took place at the Palm’s One @ Palm, Dorchester Collection. Other eye-popping sales have also been taking on along the island stretch, including a Dh280 million property deal, which is undoubtedly the city’s most expensive deal to date.
Source: Property News AE
