Gulf Construction Online - Omniyat sells ‘most expensive’ penthouses

Real Estate

One at Palm Jumeirah, Dorchester Collection ... three penthouses sold for a total of $70.77 million.

Omniyat sells ‘most expensive’ penthouses

01 December 2021

Omniyat, a leading luxury real estate developer, has closed the sale of the three most expensive penthouses in the region, carrying a total value of more than AED260 million ($70.77 million).

These penthouses are located at Omniyat’s premium residential development; One at Palm Jumeirah, Dorchester Collection, a striking addition to the Dubai skyline and the gatekeeper to Palm Jumeirah.

Boasting bespoke amenities and facilities, surrounded by awe-inspiring sustainable landscaping design and exquisitely crafted interiors, all managed by Dorchester Collection, the property offers the highest standards of premium living.

The sale of these penthouses speaks of the record-breaking nature of Dubai’s uber luxury real estate market in the wake of the Covid-19 recovery, decisively underlining Omniyat’s status as the developer of choice for the international ultra-high-net-worth community, says its Founder and Executive Chairman Mahdi Amjad.

“The penthouses are a masterpiece by any global standard, embodying the definition of absolute luxury and fine living that ultra-high net worth individuals expect. Each residence has been designed and developed with unprecedented construction standards and superior levels of mastery by the brightest engineering minds, positioning One at Palm Jumeirah to become the most prestigious residential address on the Palm Jumeirah Island,” he states.

“This achievement showcases the great efforts put into developing this iconic property and presents a new blueprint for Omniyat’s future endeavours,” he adds.

According to Amjad, the recent penthouse sales come as the latest addition to a long list of record-breaking sales achieved by Omniyat in recent months, which has been successfully raising the bar since the sale of their first penthouse in 2017 for a record price of AED102 million – at the time recorded the most expensive apartment sold in Dubai.

The second and third most expensive penthouses were sold in Dubai for AED85 million on 2021 and AED73 million on 2019 from the vast portfolio of Omniyat developments.

These extraordinary successes are a testament to Omniyat’s distinguished position as a leading developer of luxury properties for unparalleled residential, commercial, and mixed-use offerings, he adds.