Premium real estate occupies a leading position in the Dubai real estate market. Recent transactions show the interest of buyers in this type of real estate. For example, a penthouse with an area of 6,550 sq. m. meters was sold in Jumeirah Bay for AED 40 million. This is almost $11 million. The exclusive residence in Bulgaria Resorts & Residences attracts attention not only with its spacious area. The design uses expensive materials that make the penthouse exclusive. According to the Dubai Land Department, housing prices in an elite building have risen by 20% since 2018, but even these high prices attract wealthy investors.
The second deal was made on the Palm Jumeirah this month. Innovate Living has sold a new Palme Couture penthouse for AED 95 million ($25,863,700). Although after the recent sale of a penthouse in the Royal Resort & Residences for AED 180 million, the property for AED 95 million will not surprise anyone. According to Karim Fahmy, the company’s CEO, record sales confirm the growing demand for elite properties in Dubai. The royal penthouse is designed for a luxurious life. The windows offer magnificent views of the sea coast. Inside there is an exclusive finish made of expensive materials. The elite interior is created for connoisseurs of exquisite solutions.
