One of the largest private penthouses in Dubai is on sale for Dh600 million ($163 million), amid continuing growth in the emirate's prime property market.
The 77,707 square feet penthouse R1 at Raffles The Palm Dubai Residences is spread across three levels and the rooftop of the property.
The eight-bedroom property includes its own indoor and outdoor cinema, gym and basketball court.
It has a spa and wellness area that includes a cryogenic room, an outdoor swimming pool, a bar and barbecue area, a mini golf course in a meditation garden, a cigar lounge and a bar offering 360-degree views of the Arabian Gulf.
It also comes with a private lift and has a dining room with a Teppanyaki kitchen that seats 20 people.
Emerald Palace Group, which owns Raffles The Palm Dubai, said the property also includes a central terrace area that can entertain hundreds of guests.
The super-penthouse – a penthouse that occupies at least 10,000 sq ft of space in a building that is about 305 metres high – also offers customisation options.
The handover term for the penthouse is 15 months from the date of booking, EPG said.
Seran Gheorghe, vice president of EPG and director of sales for Raffles The Palm Dubai Residences, described the super-penthouse as “an embodiment of architectural grandeur and exclusivity”.
The sale of the property would “mark another significant milestone in the history of Dubai real estate,” he said.
If the Super Penthouse R1 sells for Dh600 million, it would set a record as the most expensive.
In November, a five-bedroom penthouse on Palm Jumeirah sold for Dh500 million, the most expensive penthouse in Dubai.
The property at Como Residences, which is expected to be completed in the third quarter of 2027, covers about 22,000 sq ft and comes with a private lift and floor-to-ceiling windows.
Property prices in recent years have increased in Dubai, with the residential market recording its highest quarterly price rise in a decade in the third quarter of last year, according to property consultancy ValuStrat.
Prices in the emirate's prime markets are expected to rise by 5 per cent this year, driven by supply limitations and a resurgence in demand from source markets such as China and India, consultancy Knight Frank said.
Managing the separation process
- Choose your nursery carefully in the first place
- Relax – and hopefully your child will follow suit
- Inform the staff in advance of your child’s likes and dislikes.
- If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
- The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
- Be patient. Your child might love it one day and hate it the next
- Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.
Company info
Company name: Entrupy
Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist
Based: New York, New York
Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius.
Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.
How the bonus system works
The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.
The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.
There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).
All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
if you go
The flights
Etihad and Emirates fly direct from the UAE to Seoul from Dh3,775 return, including taxes
The package
Ski Safari offers a seven-night ski package to Korea, including five nights at the Dragon Valley Hotel in Yongpyong and two nights at Seoul CenterMark hotel, from £720 (Dh3,488) per person, including transfers, based on two travelling in January
The info
Visit www.gokorea.co.uk
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