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Mon 17 Feb 2020 02:23 PM

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Revealed: what $15m buys you in Dubai's luxury property market

Palma Holding unveils exclusive presidential penthouse, located at Serenia Residences on the crescent of The Palm Jumeirah

Revealed: what $15m buys you in Dubai's luxury property market

A Dubai developer has unveiled its most exclusive presidential penthouse, located at Serenia Residences on the crescent of The Palm Jumeirah, priced at AED55 million ($15 million).

The penthouse, developed by Palma Holding, has been designed to offer 360-degree views of the water that resemble life on a luxury yacht with panoramic views of the sea.

The 15,127 sq ft penthouse comprises four ensuite bedrooms, a grand reception, an opulent living space, a dining room, a chef’s kitchen and an entertainment kitchen, a guest bathroom, a private den that features a games table, a lounge for get-togethers.

The master bedroom features its own private terrace, a his and hers walk-in closet and bathroom quarters while the 7,800 sq ft outdoor space can accommodate up to 100 people, with large seating areas that include sunbeds, a dining space, a fireplace, and a private outdoor jacuzzi that overlooks Burj Al Arab and Burj Khalifa.

Palma Holding said the entire penthouse has been furnished with top-tier furniture, hand-picked and sourced from around the world, adding that the finest finishes have been used throughout, including bespoke, book-matched marble, skylights, a handmade Italian bathtub by Antonio Lupi, rose gold faucets by Hansgrohe, exquisite Gliss walk-in closets by the distinct Italian brand Molteni&C, and DADA custom-made kitchens fully equipped with top-of-the-line Miele appliances.

Kareem Derbas, founder and CEO of Palma Holding, said: “It gives us great pleasure to be introducing this exclusive masterpiece penthouse to the market. We adhere to a meticulous approach to development at Palma Holding, and Serenia Residences is no exception.

"Every detail of this presidential penthouse was carefully crafted with an impeccable eye for design and furniture that we are confident will grant discerning clients the ultimate in experiential living, on a private, exclusive residence located in one of the world’s must-see wonders — The Palm Jumeirah.”

Designed by Hazel Wong, the architect behind the landmark Emirates Towers, Serenia Residences includes 250 units split among one-, two-, and three-bedroom apartments as well as penthouse suites, with around 70 percent of the project dedicated to landscaping and amenities.

The up-scale community project features the largest private outdoor infinity pool on The Palm, a lap pool, a children’s pool, a play area, a games room, putting green, a gymnasium, and tennis court.