You can now buy Dubai’s most expensive penthouse

Metropolitan Premium Properties says $49mn, 25,000sqft penthouse property is located at Atlantis The Royal Resort & Residences

Metropolitan Premium Properties, a full-service real estate agency that specialises in selling luxury properties, has announced that it is marketing the most expensive luxury penthouse currently available in Dubai.

Located at the Atlantis The Royal Resort & Residences, the top-floor, five-bedroom penthouse triplex is available for $49 million, a statement said. The 25,000sqft property has six bathrooms, an expansive outdoor deck that features an infinity pool and views of the Palm Jumeirah and the sea. It also has a private lounge and beach, as well as access to five-star amenities.

Nikita Kuznetsov, Partner Metropolitan Group and CEO of Metropolitan Premium Properties said: “Dubai has some of the most luxurious properties in the world and continues to offer its residents an unmatched lifestyle. The city emerged as one of the safest and more open cities in the world which gave residents and investors’ confidence in the real estate market.

“The people who are buying are choosing Dubai due to the high levels of safety and security the country offers, especially for high-net-worth individuals.

Metropolitan Premium Properties has seen strong demand for luxury properties from overseas investors. Last year, 30% of the transactions were from international clients, primarily from the CIS, the UK and other parts of Europe including France, Germany and Austria and this trend has continued into this year as well.

One of the group’s biggest transactions was two penthouses located in the W Residence, Palm Jumeirah, which sold for $27.77 million to the same buyer in addition to a Royal Atlantis Garden Villa for $11.97 million and one in IL PRIMO Downtown for $11.43 million to a European buyer.

“Currently, we are continuing to see strong demand for luxury properties from overseas investors. Sales of properties over $1.36 million accounted for 15% of the total sales in the first six months with the average sales price of high-end property increasing from $1.36 million to $2.77 million. We have also witnessed a spike in the number of transactions for villas and townhouses, with a notable interest and high demand for waterfront/shoreline property,” he added.

Built and operated by Kerzner, Atlantis The Royal Dubai is located on the crescent of The Palm is made up of 231 luxury apartments, 693 hotel rooms and 102 suites.

The Residences will have expansive living and entertainment spaces with balconies or lushly landscaped terraces. All Residences offer unique uninterrupted views towards the sea or across the waters of The Palm towards the Dubai skyline.

Designed by KPF architects, the property features luxurious interior options by Sybille De Margerie who has commissioned talented artists to create unique works in materials ranging from leather, metal and porcelain to glass and gold leaf.

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