Dubai has a new record for the most expensive penthouse sold in the city, as a nearly 22,000-square-foot apartment at Como Residences on Palm Jumeirah has sold for AED 500 million (US$136.13 million), according to the agency Provident Estate.
The five-bedroom penthouse will offer walls of glass and an “awe-inspiring view of the Dubai skyline…from the sparkling waters of the Arabian Gulf to the iconic skyscrapers,” according to a news statement on last week’s sale. Renderings also show units in the 71-story tower will feature soaring ceilings, floating staircases, statement lighting and other luxe finishes.
Buy/sell, rent/lease residential &
commercials real estate properties.
“The Como Residences Penthouse is not just a residence, but a statement of ultimate luxury and exclusivity,” listing agent Sam Horani, associate partner of Provident Estate, said in a statement. “Its sale marks a historic moment in the Dubai real estate landscape, solidifying its place as an enduring symbol of opulence for generations to come.”
A private elevator whisks guests and residents to the unit, which boasts a cutting-edge home automation system. There’s also a wraparound glass terrace and a private pool.
The skyscraper’s design was inspired by water with each floor resembling ocean waves, according Nakheel Properties, the Dubai-based development company behind the project. A series of pools will be built into the building—culminating in a wraparound pool and viewing area on the 71st floor, which houses the amenities—creating “a series of vertical lakes, including a variety of communal pools and a selection of exclusive private pools,” the brochure said.
Other amenities of the building include concierge services, squash courts, a fitness center and plenty of parking options, including separate quarters for drivers. The project is set for completion in the third quarter of 2027.
Not only is the Como penthouse the priciest pad ever sold in Dubai, it’s also the third-most-expensive penthouse ever built and sold in the world, according to Provident. The Odeon Tower Penthouse in Monaco, priced at $440 million, holds the title for the most expensive, followed by the penthouse at One Hyde Park, London, priced at $237 million.
The Dubai penthouse sale is the latest big-ticket sale in the city, which registered a nearly 16% annual jump in prices in the third quarter, according to Knight Frank’s Prime Global Cities Index. But there’s still room to go higher, as the most expensive property on the market in Dubai is a AED 750 million villa dubbed the Marble Palace.