A penthouse in the residential complex in Downtown built by Omniyat, a major developer selling high-end properties, was sold for the whopping AED 19 million. The deal was the largest in the developer’s track record.
The luxury triplex occupies three floors in the Dorchester Collection tower. Its price does not include additional finishes costs.
The deal is a fresh confirmation of increased demand for luxury housing. Home buyers’ interest is not limited to luxury villas. Other properties are also sought after, according to the developer’s other sales, including penthouses in a multi-story Palm One building on Palm Jumeirah Island. Apartments worth $27.7 and $19.8 million were sold in the high-rise building.
According to the agency providing its services for the transactions, buyers are attracted by the exclusiveness. In Dubai, housing can be built to your liking, with some unique details added to the interior. Overall, Dubai’s real estate market showed record growth in August.