Monday, March 4, 2024

Dubai’s Largest Penthouse with 10 Parking Lots, Cinema Lounge Goes on Sale for Dh600 Million

Dubai’s largest penthouse, the Super Penthouse R1, is now on the market for Dh600 million, setting a new real estate record in the city. This extraordinary residence spans 77,707 sq ft across three levels and a rooftop at Raffles The Palm Dubai Residences.

Moreover, it consists of eight bedrooms, a private elevator, grand dining, and a vast terrace, the Super Penthouse R1 offers unparalleled luxury. The residence also exhibits top-notch amenities such as a gym, spa, cryogenic room, outdoor pool, mini golf, cinema lounge, and a 360-degree view bar.

With a 15-month handover term, the sale of this property reflects the surging demand for luxury real estate in Dubai. The market has witnessed notable transactions, including the recent Dh500 million sale of the Como Residences and the June 2023 sale of the Bugatti Residences Sky Mansion Penthouse for Dh750 million.

The luxury property segment continues to drive local market growth, contributing to a record high in prices during 2023. Dubai’s real estate sector remains a focal point for ultra-high-net-worth individuals seeking exceptional residences and unique amenities.

Related Articles

Latest Articles