Dubai: Even as realty experts predict luxury property prices will drop 10 per cent this year, demand for penthouses remains strong among wealthy families in Dubai.
“It is not every day that a penthouse comes up for grabs. When it does, it attracts high-end users who are ready to set aside a part of their wealth just to live in it,” said Mohammad Magdy, Business Development Manager, Coldwell Banker.
Dubai has 911 completed high-rises, 88 of which are taller than 180 metres (591 feet) and 18 taller than 300 metres.
“Since freehold came into existence in Dubai, developers have always had a penchant to build skyscrapers and penthouses, said Magdy.
XPRESS takes you inside some plush penthouses that come with a sought -after address and a view to die for.
Burj Khalifa Residence, Downtown Dubai
This gorgeous 6,300 square foot four-bedroom unit offers a lifestyle that only the world’s tallest tower can accord. Besides spectacular views of Dubai Fountain and Downtown Dubai, residents also enjoy direct access to the Armani Hotel and its restaurants at any time without reservation.
Approximate price: Dh32 million
Approximate rent: Dh1.2 million
Address Dubai Mall Hotel, Downtown Dubai
Located in the five-star Address Dubai Mall Hotel, this swanky 1,930 square foot pad has three bedrooms with marble flooring, fully furnished kitchen with white goods, and spectacular views of the Burj Khalifa and Downtown Dubai.
Approximate price: Dh19.5 million
Approximate rent: N/A
Le Reve, Dubai Marina
Spread over 12,400 square feet, this massive eight-bedroom apartment on the 34th floor of the Le Reve tower in Dubai Marina takes luxury to a whole new level. The rooms are thoughtfully designed and spacious and the amenities are just as snazzy: Concierge service, jacuzzi, steam and sauna room and a private barbeque area. And yes, it also has some of the best views in town -- The Atlantis, Burj Al Arab, Shaikh Zayed Road, and the Palm Jumeirah.
Developer: Verve Developments
Approximate price: Dh56 million
Approximate rent: Dh1.3 million
Elite Residence, Dubai Marina
The ultimate in urban indulgence, this fully furnished five-bedroom 12,470 square foot luxury pad on the 83rd floor of Elite Residence in Dubai Marina has few rivals in this part of the world. Features include private pool and jacuzzi, cinema room and a private gymnasium to get you toned up. But the real deal clincher is the 360 degree views of The Palm, Dubai Marina and Dubai.
Approximate price: Dh55 million
Approximate rent: Dh1.5 million
Marina Heights, Dubai Marina
Elegance and functionality define this five-bedroom 5,456 square foot penthouse on the 51st floor of Marina Heights in Dubai Marina. The rooms are spacious and offer panoramic views of the bustling shopping avenues and restaurants.
Developer: Abdul Salam M. Rafi M. Saeed Group
Approximate price: Dh11.8 million
Approximate rent: Dh415,000
Residencia Del Mar, Dubai Marina
This fully furnished 3,682 square foot three-bedroom unit in Residencia Del Mar comes with luxuriously furnished suites with custom made furniture and overlooks the Marina.
Developer: Cayan Real Estate
Approximate price: Dh10.5 million
Bahar 6, Jumeirah Beach Residence
Limitless amenities and stunning views of the JBR Beach and Palm Jumeirah make this four-bedroom penthouse on the 29th floor of Bahar 6 one of the most sought after properties in town.
Developer: Dubai Properties Group
Approximate price: Dh21 million
Approximate rent: 450,000
Golden Mile (Building 10)
The Palm is arguably one of Dubai’s most enviable addresses and this 5,100 square foot luxury pad takes opulence to new heights.
Developer: Souq Residences
Approximate price: Dh6 million
Approximate rent: Dh420,000
Address Dubai Marina
As one of the city’s most luxurious hotels it’s only natural that it also has one of the swankiest penthouse.s The 3,310 square foot luxury pad here is just that. The amenities are top notch and the views fabulous.
Approximate price: Dh24 million
Approximate rent: 1.5 million
Laguna Tower, Jumeirah lakes towers
To say this place is an epitome of luxury and grandeur would not be a stretch. Sprawled over 4,763 square feet, this extravagant three-bedroom duplex penthouse on the 41st floor of Laguna Tower in Jumeirah Lakes Tower comes with a private plunge pool and floor-to-ceiling windows, offering stunning uninterrupted views of Dubai Marina.
Developer: IFA Hotels & Resorts
Approximate Price: Dh7.5 million
Approximate Rent: Dh300,000
Source: All property details and images provided by Coldwell Banker, Sloanes Real Estate, The VIP International Real Estate, AA Properties, SNS Properties and Elysian Real Estate Broker.