Dubai based property development group, Omniyat has marked another milestone with the sale of its second penthouse unit in One Palm, thus setting the record once again and making it the second most expensive penthouse sold in the history of UAE real estate.

The developer beat its own record back in 2017 by selling the most expensive penthouse in Dubai for $28 million. It however, did not divulge the details of the buyer who has scooped up the second-most expensive penthouse in Dubai for $19.8 million.


The penthouse is located on the Palm Jumeirah. The property owner will enjoy 20,000 square foot of luxury with stunning views and immaculate landscaped rooftop terrace with pool designed by world renowned landscape designer Vladimir Djurovic, bringing to life the vision of One Palm as the pinnacle of affluence in the ultimate address.

A top official said that with the successful sale of the second penthouse, enquiries for the third one is already in the pipeline.

CEO Mahdi Amjad remarked that we are confident that the sale of the third penthouse will beat the record again with a price estimated between the first and second penthouse.

He added, “The space is truly incomparable, it is the epitome of luxury perfectly balanced with modern elegance complementing the surroundings of One Palm. As curators of bespoke projects, we pay incredible attention to detail and source only the finest materials that attract the most discerning clients to the region.”

One Palm offers views of Dubai Marina’s skyline and the Arabian Gulf. The building’s architecture provide unique indoor and outdoor living spaces and beautiful landscape sanctuaries with utmost privacy in mind.

Amjad said, “Considering the modern lifestyle and high standards of living that the emirate offers, Dubai continues to cement itself as the most sought after residential location of choice, with multi millionaires shifting their home base to the country.”

He added that Dubai has always set the benchmark with its excellent living conditions and infrastructure, and at Omniyat, we aim to continue contributing to that vision.

Source: Zawya

Fulya Altunyay/ [email protected]