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Dubai: Penthouse at new 'Akala' skyscraper sells for Dh125m

Unit is part of twin-tower Akala project located next to DIFC

Last updated: July 03, 2025 | 13:31

Manoj Nair, Business Editor

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The terrace at The Observatory within Akala, one of the new set of skyscrapers on Dubai's SZR Road.

supplied ARADA

Dubai: A penthouse on an offplan skyscraper off Sheikh Zayed Road has sold for Dh125 million.

This is 'The Observatory' - the signature penthouse at 'Akala', part of the wellness-focused branded residences project from Arada and adjacent to Dubai International Financial Centre (DIFC).

The sale ranks as one of the Top 10 apartments sold in Dubai so far in 2025.

Also Read: Sharjah developer Arada confirms twin-tower 'Akala' project in Dubai

Located between Index Tower and Central Park Towers, the cost of development of the Akala is estimated at Dh5 billion, making it one of the most high-profile recent launches in Dubai.

Set on two floors at the top of one of Akala’s 220-metre twin towers, The Observatory will have six bedrooms and a 'grand room' that showcases the views on SZR Road, public and private wings, an art gallery and a rooftop terrace with private pool and jacuzzi.

"At over 23,000 square feet in size, The Observatory is larger than any apartment ever sold in the DIFC - and is also the biggest apartment sold in Dubai so far this year," said a statement by Arada.

The 534 branded residences at Akala - as well as the 5-star hotel located in the same complex - come with air and water purification systems, circadian lighting, organic sleep systems and 'intelligent' climate zoning.

Shared amenities span more than 13,000 square metres and include a clinical wellness centre and spa.

Construction will begin in 2026 and is scheduled to be completed by end of 2029.

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.