Largest Private Home in Dubai History Aims At Investment Buyers

Emerald Palace Group, which owns the luxurious Raffles The Palm Dubai, has announced that the largest penthouse in Dubai is up for sale at AED 600 million.

Comprising the top three levels and rooftop of the prestigious Raffles The Palm Dubai Residences, this ultra-luxury super-penthouse in Palm Jumeirah is designed in collaboration with Yodezeen, the world-renowned design company.

It spans over a total built up area of 77,700 square feet, setting a new benchmark for the largest private residence in Dubai’s real estate history. This plush penthouse has eight bedrooms, an extravagant 20-people dining table, and a tastefully built bar, alongside numerous other upscale amenities.

The handover term for this penthouse is stated to be 15 months from the date of booking.

The residence features a private elevator that opens directly to the Grand Saloon located on the first level. The space also includes a grandiose dining room featuring a Teppanyaki Kitchen. A vast sitting area has direct access to the central terrace for entertaining hundreds of guests with some of the best views.

Additional amenities of the penthouse include a gym, spa and wellness area that includes a Cryogenic room, a Hay relaxation room, an outdoor swimming pool, bar and barbecue area, mini-golf within a meditation garden, indoor/outdoor cinema lounge, a basketball court, 10 parking lots, a unique cigar lounge and a bar offering 360-degree views of the Arabian Gulf and the skyline.

Seran Gheorghe, Vice President of EPG and Director of Sales for Raffles The Palm Dubai Residences, states: “Our super-penthouse is an embodiment of architectural grandeur and exclusivity. Transcending the ordinary, this remarkable penthouse seeks to provide an exceptional lifestyle that seamlessly combines elegance, convenience, and practicality.

“Our listing of this exceptional super-penthouse holds special significance, considering Dubai’s recent central positioning in the global real estate market and a growing demand for luxury properties by numerous ultra-high-net-worth individuals. We firmly believe that the sale of this lavish residence would mark another significant milestone in the history of Dubai real estate, and we look forward to further contributing to the sector’s growth.”

The developer claims numerous reports suggest the price growth for luxury residential properties in Dubai will surge in the upcoming years; prices are expected to rise by five per cent in prime markets in Dubai, including the Palm Jumeirah, while prices are forecast to grow by 3.5 per cent in non-prime markets.