Credit By: Dubai Vibes Magazine
Emerald Palace Group (EPG) has recently announced the listing of Dubai’s largest penthouse, the Super Penthouse R1, for sale at a staggering Dh600 million. Spanning the top three levels and the rooftop of the Raffles The Palm Dubai Residences, this opulent residence sets a new benchmark in Dubai’s real estate history, boasting a total built-up area of 77,707 square feet.
Unprecedented Luxury and Amenities
The Super Penthouse R1 redefines luxury living with its eight bedrooms, offering a private elevator that opens directly to the Grand Saloon on the first level. The residence features a grandiose dining room, a vast sitting area with access to the central terrace for hosting large gatherings, and some of the most breathtaking views in Dubai.
Designed for the utmost comfort and indulgence, the penthouse includes a state-of-the-art gym, spa, and wellness area featuring unique amenities such as a cryogenic room and a hay relaxation room. Residents can enjoy outdoor leisure with an expansive terrace, an outdoor swimming pool, a bar, and a barbecue area. The property also boasts a mini-golf setup within a meditation garden, a basketball court, and 10 parking lots for convenience.
The Super Penthouse R1 takes entertainment to new heights with its indoor/outdoor cinema lounge, providing an immersive cinematic experience. For those who appreciate finer details, there is a unique cigar lounge, adding a touch of sophistication. Moreover, a bar with 360-degree views of the Arabian Gulf and the skyline enhances the overall entertainment offering.
Strategic Location and Demand
Seran Gheorghe, Vice-President of EPG and Director of Sales for Raffles The Palm Dubai Residences expressed the significance of the listing amid Dubai’s central role in the global real estate market. The growing demand for luxury properties from ultra-high-net-worth individuals is expected to make the sale of this residence a landmark moment in Dubai’s real estate history.
Record-Breaking Sales in Dubai
This announcement follows a trend of record-breaking sales in Dubai’s luxury real estate market. In November, a 5-bedroom Como Residences penthouse on Palm Jumeirah was sold for a record Dh500 million, covering over 21,949 square feet. Earlier in June 2023, the Bugatti Residences’ Sky Mansion Penthouse was introduced for sale at Dh750 million, emphasizing the sustained growth of the luxury property segment in Dubai.
Anticipated Growth and Sector Contribution
The luxury real estate segment has played a pivotal role in driving the local property market’s growth, witnessing demand outpacing supply. This surge in demand has propelled property prices to an all-time high in 2023. As the Super Penthouse R1 enters the market, EPG anticipates contributing to the continued growth of Dubai’s real estate sector, further solidifying its position as a global luxury property destination.
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