Thursday 9 July 2020

Omniyat sets new record with Dubai penthouse deal

DUBAI, May 14, 2019

Omniyat, a Dubai-based property development group, said it has marked another milestone with the sale of its second penthouse unit in One Palm, thus setting the record once again and making it the second-most expensive penthouse sold in the history of UAE real estate.

The Emirati developer beat its own record back in 2017 by selling the most expensive penthouse in Dubai for Dh102 million ($28 million). It, however, did not divulge the details of the buyer who has scooped up the second-most expensive penthouse in Dubai for Dh73 million ($19.8 million).

Located on the Palm Jumeirah, the penthouse owner will enjoy over 20,000 sq ft of luxury with stunning views and an immaculate landscaped rooftop terrace with a pool designed by world-renowned landscape designer Vladimir Djurovic, bringing to life the vision of One Palm as the pinnacle of affluence in the ultimate address.

With the successful sale of the second penthouse, enquiries for the third one are already in the pipeline, said a top official.
"We are confident that the sale of the third penthouse will beat the record again with a price estimated between the first and second penthouse," remarked executive chairman and CEO Mahdi Amjad.

"The space is truly incomparable, it is the epitome of luxury perfectly balanced with modern elegance complementing the surroundings of One Palm. As curators of bespoke projects, we pay incredible attention to detail and source only the finest materials that attract the most discerning clients to the region," he added.

Situated in a prime plot of the iconic Palm Jumeirah entrance, One Palm offers views of Dubai Marina's skyline and the Arabian Gulf.

The building's architecture, which includes double- and triple-height spaces, provides unique indoor and outdoor living spaces and beautiful landscape sanctuaries with utmost privacy in mind.

"Considering the modern lifestyle and high standards of living that the emirate offers, Dubai continues to cement itself as the most sought-after residential location of choice, with multi-millionaires shifting their home base to the country," said Amjad.

"Dubai has always set the benchmark with its excellent living conditions and infrastructure, and at Omniyat, we aim to continue contributing to that vision," he added.-TradeArabia News Service


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