Wednesday, June 3, 2020 2:21 PM

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Omniyat sells penthouse in Dubai for US$20 million

Omniyat sells penthouse in Dubai for US$20 million


Dubai, UAE


Omniyat, a Dubai-based developer, has sold a penthouse in One Palm project for US$20 million (Dh73 million) – the second-most expensive penthouse sold in the history of UAE real estate!


Omniyat beat its own record back in 2017 by selling the most expensive penthouse in Dubai for US$27.8 million (Dh102 million).


“Details of the buyer who has scooped up the second-most expensive penthouse in Dubai for Dh73 million remain private,” the developer said in a statement.


With the successful sale of the second penthouse, enquiries for the third penthouse are already in the pipeline. Omniyat is confident that the sale of the third penthouse will beat the record again with a price estimated between the first and second penthouse.


Located on the Palm Jumeirah, the penthouse owner will enjoy over 20,000 square feet of luxury with stunning views and immaculate landscaped rooftop terrace with 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.


Mahdi Amjad, Omniyat Executive Chairman and CEO said: "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.”


"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. Dubai has always set the benchmark with its excellent living conditions and infrastructure, and at Omniyat, we aim to continue contributing to that vision." added Mahdi Amjad.


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 include double and triple height spaces, provide unique indoor and outdoor living spaces and beautiful landscape sanctuaries with utmost privacy in mind.