In 2024, Dubai’s luxury real estate market witnessed a significant transaction with the sale of a 5-bedroom penthouse in Como Residences, located on the iconic Palm Jumeirah. This property was sold for AED 500 million (approximately $136 million), setting a new record for the most expensive home sold in Dubai at that time and the 3rd most expensive apartment sale in the World.
Property Overview
The penthouse spans an impressive 22,000 square feet, offering expansive living spaces and panoramic views of the Arabian Gulf and Dubai’s skyline. Its design features a wraparound terrace with a private pool, providing an exclusive outdoor retreat. The interior boasts high-end finishes, state-of-the-art appliances, and bespoke furnishings, epitomizing luxury living.
Market Context
This sale underscores the growing demand for ultra-luxury properties in Dubai, attracting high-net-worth individuals seeking exclusive residences. The city’s strategic location, favourable tax environment, and world-class amenities continue to position it as a premier destination for luxury real estate investment.
The most expensive property ever sold in the World was:
1. Odeon Penthouse, Monaco – $335 million
If you thought an apartment for sale in Dubai Marina was expensive then check out one of the most expensive places to live in the world, the Odeon Penthouse in Monaco.
This $335 million penthouse comes with 38,000sq feet of living space, has marble-covered kitchens on every level, comes with a caterer, a chauffeur, a 24/7 concierge service, as well as access to a private health club. 360-degree views of the Mediterranean are offered when you take the plunge down the water slide into the pool, which is situated on the balcony of the lower rooftop.
2. One Hyde Park, London, England – $225 million
The most expensive and luxury penthouse in England’s capital, this property comes with its own library, cinema and 21-metre swimming pool, and offers spectacular views of both Harrod’s department store and Hyde Park. If you think security might be an issue, the security guards who patrol the building 24/7 are all trained by the SAS.