By Parag Deulgaonkar

With a listed price of Dh200 million, the costliest penthouse in Dubai will be ready for occupancy by 2018.

The 42,000-square feet unit in the One at Palm Jumeirah will include 17,000 square feet terrace area, private treatment rooms, beauty centre, private steam and sauna facilities and private cinema, Emirates24|7 has learnt.

Not limited to the above, the unit will have a nine-metre void for living space, a private cinema, private art gallery, a library, office, study and media/gaming rooms. It will have a rooftop terrace with landscaping and water features covering around 13,250 square feet of the terrace area.



Water feature in the penthouse.



View from the penthouse rooftop

The penthouse will have eight bedrooms, seven bathrooms, and 12 parking spaces.

Work has commenced on the project with Omniyat and Drake & Scull International, the co-owners, announcing appointment of Brookfield Multiplex as the main contractor.

The Dh2-billion project is located at the first plot on the trunk of Palm Jumeirah and houses 90 luxurious apartments. Unit prices start at Dh14 million onwards.

The building will house three swimming pools, a private yacht club, spas, gym, library, private cinema and landscaped areas designed by international architect Vladimir Djurovic, while apartments have been designed by Tokyo-based interior designer Super Potato.

Though no details have been revealed on the number of units sold, Mark Phoenix, Managing Director, Omniyat Group, said: “We’re seeing buyers from as far as New York to as near as the Palm.”



Aerial view of the penthouse.

Reidin.com data shared with Emirates 24|7 reveals that the costliest apartment sold in 2015 was a 7,576-square feet apartment in The Fairmont Palm Residences for Dh24.43 million. In 2014, the costliest unit sold was in Burj Khalifa, the world’s tallest tower, for Dh60 million.

Currently, the most expensive listing in the world is worth Dh1.47 billion ($400 million) for a quintuplex penthouse in Odeon Tower in Monaco, which boasts an infinity pool linked by a slide.

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