Abu Dhabi, UAEMonday 10 August 2020

Palma Holding unveils Dh55 million penthouse on Palm Jumeirah

The 15,127 square foot penthouse offers 360-degree views of the sea

Living room of the presidential penthouse at Serenia Residences at the crescent of The Palm Jumeirah. Courtesy Palma Holding
Living room of the presidential penthouse at Serenia Residences at the crescent of The Palm Jumeirah. Courtesy Palma Holding

Dubai real estate company Palma Holding unveiled a Dh55 million presidential penthouse at its Serenia Residences development on the crescent of Palm Jumeirah.

The 1,405-square-metre penthouse, located at the development's north building, has four ensuite bedrooms, a grand reception, a large living space, a dining room, a chef’s kitchen and an entertainment kitchen, among other facilities, the company said on Monday.

It also has a 724-square-metre outdoor space that can accommodate up to 100 people, with large seating areas that include sunbeds, a dining space, a fireplace, and a private outdoor jacuzzi that overlooks Burj Al Arab and Burj Khalifa.

“Every detail of this presidential penthouse was carefully crafted with an impeccable eye for design and furniture that we are confident will grant discerning clients the ultimate in experiential living, on a private, exclusive residence located in one of the world’s must-see wonders, the Palm Jumeirah,” said Kareem Derbas, founder and chief executive of Palma Holding.

The company also said the entire penthouse has been furnished with top-tier furniture, hand-picked and sourced from around the world.

The interior is made from bespoke marble, has a handmade Italian bathtub by Antonio Lupi, rose gold faucets by Hansgrohe, Gliss walk-in closets by Italian brand Molteni&C, and DADA custom-made kitchens equipped with Miele appliances, it said.

Designed by Hazel Wong, the architect behind Dubai's landmark Emirates Towers, Serenia Residences is an 78,968-square-metre development made up of 250 units split among one, two and three-bedroom apartments, as well as penthouse suites.

The volume of transactions in Dubai's luxury residential market increased by 22 per cent to Dh42.3 billion last year, according to a report published by Luxhabitat earlier this month. The average price per square metre sq ft declined, however, by 3.7 per cent, to Dh125 per sq m for villas and Dh161 per sq m for apartments.

A penthouse apartment at Omniyat's One The Palm development was the second-most expensive sale at Dh74m, Luxhabitat said, while a villa at District One in Mohammed Bin Rashid City was the most expensive unit sold, at Dh90m.

Updated: February 17, 2020 06:20 PM

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