Dubai records Dh220 million penthouse sale on Palm Jumeirah Island

Dubai, UAE

Most expensive mega penthouse in Palm Jumairah worth Dh 220 million (US$60 million) were sold by Dubai-headquartered LUXHABITAT Sotheby’s International Realty.

This record-breaking transaction was for a shell-and-core mega penthouse at AVA at Palm Jumeirah, Dorchester Collection by the company’s  Executive Partner, Honey Deylami.

The penthouse sold was on the topmost floor of AVA at Palm Jumeirah, Dorchester Collection, spanning a built-up area of 33,406 sq ft. The penthouse was sold shell-and-core, allowing the buyer to design the home of their dreams and occupies four floors. It features a 360-degree infinity lap pool and offers views of Palm Jumeirah, Burj Al Arab, and Ain Dubai. It also has a four-floor 200m indoor garden and a roof terrace with 360-degree views, making it the perfect spot for entertaining and relaxing.

Honey Deylami said, “Palm Jumeirah is proven to be one of the most sought-after locations for UHNW clientele. Although there is very limited stock available on the island in terms of existing or new developments, 611 transactions took place on the island in Q1, worth Dh5.8 billion in sales volume.”

Ava is a super exclusive development in palm Jumeirah with only 17 residences, AVA at Palm Jumeirah, Dorchester Collection has exclusive residences with direct access to private terraces with a pool, floor-to-ceiling windows, and a stunning 270-degree floor-to-ceiling view private beach and all the 5-star amenities of Dorchester collection.

Other amenities include an infinity edge pool, gym, a dedicated in-house spa, boardroom, state-of-the-art cinema room, a library lounge, boardroom & business centre, and yoga studio. The property will also share facilities such as beach access, restaurant, and jetty access with One at Palm Jumeirah Dorchester Collection. Other services offered by the Dorchester Collection include valet parking, doorman and porter facilities, concierge, maintenance of common areas as well as additional à la carte services.   

Honey Deylami is currently the top performing broker at LUXHABITAT Sotheby’s International Realty, with over Dh3 billion sales closed in 2022. She has now already beat this record at Dh4 billion sales to date this year and is known for having some of the most covetable exclusive listings in Dubai. She has closed over Dh24 billion in transactions since the start of her career.

LUXHABITAT Sotheby’s International Realty is the biggest and strongest marketing and selling platform for luxury real estate in Dubai. They are focused on sourcing the best quality properties in premium residential areas such as Emirates Hills, Palm Jumeirah, Jumeirah Bay Island, Downtown Dubai, Dubai Marina, Jumeirah, and MBR City as well as the best apartments and penthouses in upscale buildings.

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