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Abu Dhabi, UAEWednesday 27 March 2019

Inside an Dh85 million duplex on Dubai's Palm Jumeirah

For that hefty sum you get privacy, security, and a fine view of the sea

More than a decade since the Palm Jumeirah welcomed its first residents, one of the world's largest man-made islands is still evolving.

Luxury hotels continue to spring up, colossal villas are designed and built and stylish new apartments enter the market promising a contented lifestyle dripping with luxury.

One of the more recent additions is the Alef Residences on the West Crescent, where 104 penthouses are spread over eight clusters known as "mansions".

As you'd expect, they don't come cheap - as can be seen by a duplex penthouse which has come on the market at Dh85.5 million with LuxuryProperty,com.

For your many millions, you get a unique floor plan and layout spread out over a built-up area of just over 15,000 sq ft.

Fans of grand open plan will be in luck for this four-bedroom property comes with a vast living area with views out into the Arabian Gulf. The fixtures and fittings are of course high-quality, while the finishings are a mixture of rich wood, marble and stone.

Along with the prime interior, buyers also receive a top-end lifestyle experience outside. There's a podium level infinity pool, a private beach, tennis court and walking track.

Then there's the exclusive Club 104 for residents, featuring a cinema, restaurant, lounges and a fitness centre. If that's not enough, the development is adjoined to the W Dubai - The Palm hotel which offers further services.

There's 104 penthouses within the development. Courtesy LuxuryProperty.com
There's 104 penthouses within the development. Courtesy LuxuryProperty.com

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Q&A: Signe Frantzen, associate director at LuxuryProperty.com

Dh85m is a lot of money. What kind of buyer would be interested in such a property?

At face value, one might see this as an extravagant sum. However, Dubai is one of the most affordable cities in the world when it comes to luxury real estate. The same amount of money can buy you five to six times as much square footage compared to New York or London. For a property measuring nearly 16,000 sq ft, you would be hard pressed to find one of similar value anywhere else.

This really is designed for the discerning buyer who wants a principal primary residence in one of the most prestigious developments in Dubai offering the utmost in luxury, privacy and security.

Is Palm Jumeirah still THE address in Dubai?

In a word - yes. Recent months have brought about a fair number of competitors for that title, but the Palm is still holding strong as the ultimate beachfront destination in Dubai. This is especially true of the Crescent, which is the pinnacle of luxury living in Dubai.

You are living right on the water, with breathtaking views of the Arabian Gulf and the Dubai skyline. You have an unparalleled lifestyle offering with the Atlantis, Jumeirah Zabeel Saray, recently opened Kempinski Emerald Palace and soon-to-be-opened W Dubai - The Palm. There is the beautiful Palm Boardwalk running along the outer perimeter of the crescent. You could not ask for a more private living area, within driving distance of the heart of the city. No other district offers you that perfect combination of elements.

How is the high-end market performing given that prices have been falling generally?

Overall, I would say that the prime market looks quite good. In general, this segment is shielded from fluctuations in the general market, so there is a greater deal of stability. And, as I have mentioned, Dubai is already seen as a more affordable city compared to many of its key global counterparts. This attracts quite a bit of interest from international buyers and investors, and that activity will undoubtedly increase as go into 2019 and more fantastic projects reach their completion dates.

Updated: December 12, 2018 07:08 AM

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