Tuesday, May 21, 2024

New Height of Opulence: Inside the Record-breaking Dhs137 Million Penthouse Sale in Abu Dhabi


Luxury Redefined: Abu Dhabi’s Record-Breaking Dhs137 Million Penthouse Sale

The apex of luxury living has been redefined with the sale of the most expensive three-bedroom penthouse ever recorded in Abu Dhabi, marking a significant milestone in the city’s real estate history. Nestled on the prestigious Saadiyat Island, the penthouse at Nobu Residences has been sold for an astounding Dhs137 million. Aldar, the leading real estate developer in the UAE, has proudly announced this remarkable sale, setting a new benchmark for luxury property in Abu Dhabi, with the price per square metre soaring beyond Dhs 96,000.

This unprecedented sale underscores Abu Dhabi’s escalating allure as both a prime residential destination and a mature investment market. The capital’s appeal is continuously enhanced by a transparent, business-friendly environment, enticing incentives such as the 10-year Golden Visa programme, and its enriching beachside lifestyle across over 200 natural islands.

The record-setting transaction of the Nobu Residences Abu Dhabi penthouse surpasses even the recent Dhs 130 million sale of a four-bedroom duplex sky villa within the same development, highlighting a robust demand for luxury living spaces. Nobu Residences’ explicit affiliation with the esteemed Nobu brand significantly adds to its desirability among buyers seeking exclusive luxury.

The strategic location of Saadiyat Island, especially with the imminent completion of the Saadiyat Cultural District — housing five major museums including the anticipated Guggenheim Abu Dhabi — greatly contributes to the property’s value. Furthermore, the existing iconic Louvre Abu Dhabi, coupled with forthcoming hospitality and dining concepts, positions Saadiyat Island as a globally distinguished destination.

Talal Al Dhiyebi, Group Chief Executive Officer at Aldar, emphasized the importance of this landmark deal, stating that it not only reiterates the advancement of the Abu Dhabi real estate market but also reflects positively on the government’s initiatives to enhance the city’s attractiveness for living and investment opportunities. With continuous growth in sales volume and value, the expectation is for this upward trend to persist as Saadiyat Island and other prime Abu Dhabi locations witness the introduction of more unparalleled luxury lifestyle concepts.

Set to be one of the very first Middle East introductions of the globally celebrated Nobu hospitality brand, Nobu Residences Abu Dhabi aims to offer an unmatched lifestyle. The development promises a unique blend of Nobu’s revered Japanese design and hospitality with modern luxuries, situated within convenient reach of Saadiyat Grove and Mamsha Al Saadiyat’s elegant waterfront promenades, premium shopping, dining, and hospitality experiences.

Envisioned to deliver a transcendent living experience, the penthouses and sky villas at Nobu Residences offer personalized services and world-class amenities, inspired by Nobu’s internationally acclaimed standards. The luxurious finishes within each unit, conceptualized by global interior design consultancy Studio PCH, draw inspiration from a contemporary fusion of Emirati and modern Japanese architecture, providing an exclusive haven for their occupants.

The sold penthouse spans an entire floor with its private elevator and features a sprawling terrace with a private pool, granting spectacular views of the Guggenheim Museum and Grove Boulevard. It also includes personal wellness retreats and fitness studios, offering residents a secluded oasis of tranquility. Culinary spaces within the penthouse seamlessly merge aesthetic appeal with functionality, reflecting Chef Nobu Matsuhisa’s culinary artistry, and are complemented by bathrooms that combine the finest materials with designs inspired by both Arabic and Japanese traditions.

This landmark sale not only sets a new standard for luxury real estate in Abu Dhabi but also signals a burgeoning interest in high-end living spaces that cater to a discerning clientele, propelling the capital city into the limelight as a premier global destination for luxury and investment.

Jordan Clark
Jordan Clarkhttps://www.businessorbital.com/
Jordan Clark brings a dynamic and investigative approach to business reporting. Holding a degree in Business Administration and a certification in Data Analysis, Jordan has an eye for detail and a knack for uncovering the stories behind the numbers. His career began in the bustling world of Silicon Valley startups, giving him firsthand experience in tech entrepreneurship and venture capital. Jordan's reports often focus on technology's impact on business, startup culture, and emerging

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