Dorchester Collection to manage record-breaking Palm Jumeirah project

Omniyat confirmed the luxury hospitality brand will manage its One Palm development when it opens later this year
One Palm broke the record for the most expensive penthouse in Dubai last year when one buyer paid ($27.7 million (AED102m) for the rooftop property.
By Neil Halligan
Tue 20 Feb 2018 11:25 AM

Dubai-based developer Omniya on Tuesday said the Dorchester Collection will manage its One Palm development on The Palm Jumeirah, making it the first residential development in the Middle East to be managed by the luxury hospitality brand.

The news follows last week’s announcement of the partnership between the two companies that will bring Dorchester Collection to the region for the first time, with a new development on the banks of Dubai Canal. The development includes a 5-star hotel and luxury residences, managed by Dorchester Collection, at Marasi.

One Palm broke the record for the most expensive penthouse in Dubai last year when one buyer paid ($27.7 million (AED102m) for the rooftop property. The price tag far exceeded the previous title price tag of AED60 million set earlier this year.

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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 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.

The 910,000 sq. ft. design-led One Palm includes a total of 90 apartments of three, four and five-bedroom, each offering views of Dubai Marina’s skyline, Burj Al Arab and the Arabian Gulf.

Mahdi Amjad, CEO and executive chairman of Omniyat, said the partnership with Dorchester Collection about offering an experience of luxury "like no other".

“One Palm is the most exclusive address on The Palm Jumeirah and home to Dubai’s most expensive apartment. Buyers of One Palm command absolute first class service and that is exactly what Dorchester Collection’s management will provide,” he said.

Established in 2005, Omniyat has a development portfolio of over $6.2 billion.

An exclusive gala event in Dubai next month will celebrate the partnership, unveiling the official project name with a preview look at the design, as well as further details on the management of One Palm.

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Last Updated: Tue 20 Feb 2018 10:59 AM GST

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