Dubai’s extravagant super-penthouse with cinema, basketball court hits market at $163 million”

One of Dubai’s largest private penthouses, the Super Penthouse R1 at Raffles The Palm Dubai Residences, is up for sale for Dh600 million ($163 million). Spanning 77,707 square feet across three levels and the rooftop, this eight-bedroom property boasts luxurious amenities, including an indoor and outdoor cinema, gym, basketball court, cryogenic spa, outdoor swimming pool, mini golf course, and a 360-degree view bar overlooking the Arabian Gulf.

The property, owned by Emerald Palace Group, also features a private lift, Teppanyaki kitchen, and a central terrace for hosting large gatherings.

The super-penthouse, characterized by its substantial size in a building over 305 meters high, offers customization options. The handover term for the penthouse is 15 months from the booking date. Described as an “embodiment of architectural grandeur and exclusivity” by Seran Gheorghe, Vice President of EPG and Director of Sales for Raffles The Palm Dubai Residences, the sale of this property is expected to set a record as the most expensive in Dubai, surpassing the AED500 million sale of a five-bedroom penthouse on Palm Jumeirah in November. Amidst a surge in demand from markets like China and India, Dubai’s prime property market is predicted to experience a 5% price rise in 2024.

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