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Is this Dubai’s most expensive apartment? $54 million penthouse up for sale

© Provided by The Rahnuma Daily

Author: Arab NewsWed, 2017-04-05 14:01ID: 1491379584926807200
DUBAI: A $54 million penthouse has gone up for sale in Dubai, with media outlets saying it could possibly turn out to be the costliest apartment in the city.
The three-level penthouse in Al Habtoor City’s Noora Tower will offer the eventual buyer state of the art luxury facilities, according to the broker in charge of selling the space.
“We are calling in letters of intent for the penthouse, which will be 30,000 square feet,” Umar Bin Farooq, CEO of One Broker Group, told Gulf News.
“The tower will be completed by December, but the intention is to confirm the buyer well before so that he can provide inputs on how his property should be.
“Despite the multiple interest, we will not engage in an auction process to finalize the buyer. We don’t want a bidding war. Instead it will be done through internal vetting in collaboration with the AHC master-developer, the Al Habtoor Group.”
The penthouse is situation in a 74-story building and features a 360-degree view of Dubai’s skyline, multiple garden terraces, a lap pool and open-air Jacuzzi, a gym, a sauna and a steam room.
According to the broker’s website, the two top floors feature a private entertainment area, a pre-function room and an open-plan sky lounge.
Gulf News reports that the costliest properties to be sold in the city’s freehold clusters include two villas in the Emirates Hills and at the Palm which were snapped up at more than $54 million each.
“Right at the top end of the marketplace, there are always investors who want to pick up trophy assets,” Farooq said. “They may take their time … but they are very much there.”
Main category: Business & EconomyTags: DubaiUAEAl Habtoor Citypropertyrelated_nodes: Dubai-based developer reviving UAE property market with high-end project

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