What is the costliest penthouse in Downtown Dubai? Does this question bother you? Then today this blog will answer all your questions about the costliest luxury penthouses in Downtown Dubai. The region Downtown is selected as this place is considered one of the best places to buy exclusive penthouses in Dubai besides Dubai Marina, Jumeirah Lake Towers, and Jumeirah Village Circle. Among these places, Downtown Dubai is making waves in the news as the area just sold a penthouse for a ground-breaking price of AED 80 million.
The Costliest Penthouse Downtown Sold for AED 80M
The luxury market of Dubai gets disrupted by the selling of the costliest penthouse in Downtown Dubai for AED 80M. Let’s explore this property more to invest at the right time.
Burj Khalifa Record Broken – Is This True?
The building of Burj Khalifa holds the record of selling an apartment for an astonishing AED 73M. On the other hand, this record is now broken as Gulf News reported that Downtown Dubai’s most expensive Kempinski the Boulevard Duplex Penthouse sold out for a staggering AED 80M.
Overview of Kempinski the Boulevard Duplex Penthouse – Stunning Buyers
Kempinski the Boulevard Duplex Penthouse is the four-bedroom Sky collection penthouse, which is situated within Kempinski the Boulevard. This exclusive project is sprawling over an area of 7,466 sq ft.
This penthouse offers stunning views of Burj Khalifa and other serene amenities that will make the buying completely justified.
Unmatched Amenities – What are those?
At Kempinski the Boulevard Duplex Penthouse which is one of the expensive Downtown Dubai penthouses you will get all that you wish. Some of the featured amenities are:
- Exclusive Sauna for guests at Kempinski.
- The front desk offers availability of communication 24 hours in Afrikaans, Arabic, English and Azerbaijani.
- Easy access to Dubai Fountain is 1.6km away, City Walk Mall is 3.9 km away, and Dubai International Airport is 14 km away from the residence.
- Residence shuttle service is also available for individuals to reach key areas without any hassle.
What are Experts Saying About this Record Breaking Transaction at Costliest Penthouse in Dubai
According to the Head of Residential MENA and Regional Partner said:
“As evident from the name, ‘Downtown’ is always a prime central hub of any city, as is the case with many US cities such as New York and LA – Dubai is no different. Downtown Dubai is a famous and one of the city’s favoured locations, both for local and international ‘city types’ who like the lively ‘hustle and bustle’ vibe, that comes with being on the doorstep of the world’s largest shopping mall.”
He added:
“The views of iconic Burj Khalifa remain highly sought after when it comes to the super prime real estate property and there is no doubt that we have sold this marvel Kempinski penthouse for AED 80 million which also offers spectacular views of the world’s tallest building. The property still represents fair value especially when it is being compared with the residences in other global cities offering such projects”
Four times the Average Selling Price
When comparing this stunning and unconventional sale of a luxury penthouse in downtown Dubai it is evident that the price is extremely high.
The penthouse previously was sold for AED 10,715 per square foot and the average price of an apartment downtown for is approximately AED 2, 670 per foot. This means that the selling price of Kempinski is four times higher than average.
This calculation clearly shows that the brilliant project is selling at 60% higher than the regular price in the downtown which is nearly AED 6,600 per square foot.
Other Costliest Penthouses in Dubai
Besides Kempinski other Luxury penthouses for sale in Downtown Dubai are also making a buzz in the metropolis. Following are some of the exclusive penthouses in Downtown Dubai that are attracting a large number of investors, businessmen and capitalists.
- The Sterling by Omniyat
- Baccarat Hotel and Residences by Shamal Holdings
- 25H Heimat by East and West properties
- Mercedes-Benz Places by Binghatti
It is the best time for the buyers to invest in this property so that the capital appreciation will benefit them later on. A delay in the purchase may result in increasing the price further.
Conclusion
Downtown Dubai has witnessed the unprecedented and fresh sale of the Kempinski luxury penthouse in downtown Dubai. It is breaking the record for the Burj Khalifa apartment which was previously sold for AED 73M. Luxury penthouses in Downtown Dubai Kempinski are sold for AED 80M which makes this project of penthouse costliest in Downtown Dubai. The amenities and the stunning views are among the features that justifies its price. Especially when comparing properties with similar features in other regions of the world. This record-breaking sale may completely transform the property prices in Downtown Dubai.
