Dubai.. The world's tallest residence is up for sale for $51 million

Follow-up: Daily Gulf News website

This trend is not strange for Dubai or the rest of the United Arab Emirates.. The country that occupies the minds of its people and invests its resources in the right way and attracts capital to build a modern model for an Arab country that is even ahead of major countries, yes we should not be surprised when Invest Dubai Real Estate Company announces the offering of the world's tallest residence for sale for $51,000,000 million, equivalent to 187,680,000 million dirhams, which is a duplex penthouse apartment "Sky Palace" with an area of ​​21,000 square feet in the Burj Khalifa in the center of the capital, Dubai.

The apartment, located on the 108th floor, extends over an area of ​​14,000 square feet on its main floor and 7,000 square feet on the upper floor, and is considered the largest residence in downtown Dubai, with panoramic views of the Arabian Gulf, Palm Jumeirah, and the mountains of Ras Al Khaimah.

It includes exclusive features such as a private elevator, 12 dedicated parking spaces, and access to Burj Khalifa’s luxurious facilities, including a private lounge on the 123rd floor, Jacuzzis and swimming pools on the 43rd and 76th floors, as well as spas, gyms, tennis courts, and Armani hotel services.

According to Asad Khan, CEO of Invest Dubai Real Estate, the property requires an additional investment of $4.9 million (AED 18.3 million) in finishing, which could raise its final value to more than $112 million (AED 411.6 million), based on prices of similar luxury properties in major global cities.

As Dubai witnesses a new wave of building luxury palaces and penthouses with the latest amenities, many developers are seeking to attract more wealthy people from around the world to invest in the sector during 2025.

The agency reported that the prices of these luxury properties currently range between $60 million and $120 million, noting that there is an increase in the flow of buyers from Europe, Asia and the Americas to invest in the luxury real estate market in the emirate.

Dubai offers more space for development and construction, as real estate prices in it are equivalent to a third of their prices in New York and a fifth of their prices in London, according to the founder of the company "Omniyat", which develops luxury apartments.

The report confirmed that Dubai seeks to compete on the global stage through impressive engineering designs, for example, a giant glass dome was built over a swimming pool and spa, which can be opened or closed according to the owners' desire, in addition to designing winding swimming pools that allow residents to swim from the bar to the spa.

We repeat that such a trend is not strange to Dubai. It is worth mentioning that one of the most prominent luxurious designs in Dubai is “Billionaires Island”, which is an artificial island in the shape of a seahorse, as it contains palaces, private beaches, and rotating tables for parking, which automatically direct cars in the right direction.