Downtown Dubai’s most expensive penthouse sold for Dh50 million

03 November 2021 – Khaleej Times – www.khaleejtimes.com.

A luxury penthouse in Downtown Dubai was sold for Dh50 million, becoming the most expensive penthouse to be sold in the area.

The duplex apartment, one of only two being offered at The 118, features six en suite bedrooms, exquisitely furnished interiors, generous walk-in closet spaces, and a combination of stone and pearlescent finishes.

Developed by Signature Developers, the penthouse is located near Dubai Mall, giving a beautiful view of the world’s tallest building Burj Khalifa, as well.

Generally, waterfront properties at the Palm have been attracting the highest prices for the premium properties in Dubai. This latest Downtown deal is in stark contrast to current highly expensive residences that heavily rely on beachfront access to justify the asking price.

The property also features a luxurious 30,000sqft poolside garden and deck, dedicated chauffeur accommodation, 24-hour maintenance and concierge services, a fitness centre and valet services.