Most expensive apartment sold in Dubai for $27.7m

Penthouse apartment at One Palm by Omniyat on Palm Jumeirah includes rooftop lap pool
By Staff writer
Tue 12 Sep 2017 03:25 PM

A huge penthouse apartment of One Palm by Omniyat has sold for AED102 million ($27.7 million), making it the most expensive in Dubai.

The price tag blitzed the previous title price tag of AED60 million set earlier this year.

The owner of Dubai’s new most expensive penthouse will get to enjoy over 29,800 square feet of luxury including 11,500 sq ft of exterior space, including several balconies, terraces and the rooftop area.

The triplex unit has been designed in opulent rich textures of London-based luxury design studio Elicyon, famed for its involvement in the renowned One Hyde Park building.

The buyer, an undisclosed source, bought the unit on the condition of a very specific request. Despite One Palm offering three swimming pools, the buyer asked that a 20-metre long private lap pool was built on the rooftop of his penthouse, so that he could swim in private. The pool will become one of the highest and most private swimming pools in Dubai upon completion.

Omniyat said it accommodated the request as it continued the project build where prices for a three-bed apartment in One Palm starts at around AED12.5 million.

Earlier this week, Omniyat announced that the One Palm project has officially topped out ahead of schedule.

Mahdi Amjad, founder and CEO of Omniyat, said: “The topping out of One Palm ahead of schedule is testament to our team and partners who have worked tirelessly to bring this incredible building to life. From this point on we now look forward handing over the keys to our first customers and the official opening.”

Situated in a prime plot on the eastern tip of the Palm Jumeirah’s trunk, One Palm offers a total of 90 units. It includes three-, four- and five-bedroom residences and three triplex penthouses.

Due for completion in 2018, One Palm also includes the One Palm Clubhouse which features a fine-dining restaurant, indoor and outdoor swimming pools, indoor cinema, outdoor cinema and BBQ area, residents lounge, children's pool and playroom and a luxury spa.

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