A DH163M PENTHOUSE DEAL EXTENDS DUBAI’S LUXURY HOME STREAK: In the waning days of Summer, another eye-catching Dubai home has gone for an eye-popping Dh163 million. A penthouse spanning upwards of 25,000 square feet at the Palm’s Royal The Atlantis Residences is what fetched the handsome sum. So, is the deal a precursor to a golden run of deals in the final four months? There’s been market talk of another Dh200 million plus deal having been arrived at. What all this signifies is that Dubai’s super-luxury home sales continue to happen in a parallel universe, where the mundane worries of an inflation or a recession do not figure in buyers’ dynamic. So, how soon will it be before the Next Big One lands? (By Manoj Nair, Business Editor)
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