One of the largest private penthouses in Dubai is on sale for Dh600 million ($163 million), amid continuing growth in the emirate’s prime property market.
The 77,707 square feet penthouse R1 at Raffles The Palm Dubai Residences is spread across three levels and the rooftop of the property.
The eight-bedroom property includes its own indoor and outdoor cinema, gym and basketball court.
It has a spa and wellness area that includes a cryogenic room, an outdoor swimming pool, a bar and barbecue area, a mini golf course in a meditation garden, a cigar lounge and a bar offering 360-degree views of the Arabian Gulf.
It also comes with a private lift and has a dining room with a Teppanyaki kitchen that seats 20 people.
Emerald Palace Group, which owns Raffles The Palm Dubai, said the property also includes a central terrace area that can entertain hundreds of guests.
The super-penthouse – a penthouse that occupies at least 10,000 sq ft of space in a building that is about 305 metres high – also offers customisation options.
The handover term for the penthouse is 15 months from the date of booking, EPG said.
Seran Gheorghe, vice president of EPG and director of sales for Raffles The Palm Dubai Residences, described the super-penthouse as “an embodiment of architectural grandeur and exclusivity”.
The sale of the property would “mark another significant milestone in the history of Dubai real estate,” he said.
If the Super Penthouse R1 sells for Dh600 million, it would set a record as the most expensive.
In November, a five-bedroom penthouse on Palm Jumeirah sold for Dh500 million, the most expensive penthouse in Dubai.
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