If you're going to buy and live in a swanky penthouse, you might as well do so in a lively area where you can make the most of life. After all, living 50 or so floors up on the outskirts of town just wouldn't be fun, would it?
Imagine being stuck out of the way in New York, or too far away from the River Thames in London. Yes, you might get more sleep, but who wants to sleep if you have a Dh10.75 million penthouse in Dubai's Jumeirah Beach Residence complete with a swimming pool, lavish interiors and views of Dubai Marina and the surrounding area?
Such a life would likely suit the younger generation – a high-flying banker looking to make the most of the bright lights and entertainment in the area, or an entrepreneur beginning to hit the big time and keen to surround themselves with a reminder that the finer things in life are now at their fingertips.
But with three en suite bedrooms, this penthouse on the 47th floor of Sadaf 8 tower has plenty of room for a growing family, and the necessary privacy should one wish to take some time out from the buzzing world outside.
On the market with LuxuryProperty.com, it has a built-up area of 6,233 square feet, is split over two floors and is one of two penthouses in the building.
The interior has been fully upgraded and is a real eye-opener with its mixture of marble, leather and wood. Indeed, the stairway itself is likely unmatched in Dubai's sky-high living.
Style touches include a wall just past the foyer which has had a circular void introduced and lined with leather to create a seat, while the main living area is open plan and features a pool table.
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The bedrooms are all located upstairs and all have wood flooring and a spa-like bathroom. One of them has been converted into a relaxation room topped off with blue lighting to soothe the mind after a busy day earning the kind of wage necessary to buy such a property.
The outdoor space consists of two balconies, while a pool deck extends out from the downstairs living area. It is set in a walled courtyard with an open roof so a balance can be found between privacy and daylight.
And, when it's time to return from the beach to which there is direct access, the owner can chill out in the pool and watch a movie via a projector which turns the far wall into a screen.
Property prices in Dubai have been sliding for a few years now and fell on average 4 per cent during the second quarter of this year, and 11 per cent year on year according to data from Asteco, as new projects have launched in many areas of the city against a backdrop of subdued economic growth.
In Dubai Marina, prices were down 2 per cent in the second quarter and 10 per cent year on year. Meanwhile, property prices across Dubai are down 23 per cent since their peak in Q2 2014, but up 41 per cent since their market low in Q3 2011, Asteco reported.
