In a sale that has sent shockwaves through the global real estate market, a penthouse at the under-construction Como Residences tower in Dubai has been sold for a staggering $136.2 million (AED 500 million), setting a new record for the most expensive penthouse ever sold in the city. The record-breaking transaction, which took place in late 2023, underscores Dubai’s growing status as the world’s premier destination for ultra-luxury living.
The historic deal was for a penthouse in the 71-story tower developed by Nakheel on the exclusive Palm Jumeirah. The property, which is still under construction with an expected completion date of late 2027, spans nearly 22,000 square feet. While the buyer’s identity has not been officially disclosed, reports indicate a Turkish national was behind the monumental purchase.
What makes this penthouse a record-breaker are its extraordinary features. The five-bedroom residence will be accessed by a private elevator and boasts a stunning 360-degree sky pool, offering panoramic views of the city’s iconic skyline and the Arabian Gulf.
The sale was brokered by Provident Estate, a leading real estate agency in Dubai, which highlighted the deal as a landmark moment for the city’s property landscape. The previous record for a penthouse in Dubai was set in 2023 for a property at the Marsa Al Arab Hotel, which sold for approximately $114 million.
This new benchmark confirms that despite a competitive global market, Dubai’s unique blend of luxury, innovation, and tax-free incentives continues to attract ultra-high-net-worth individuals from around the world. The sale is a powerful signal of confidence in the future of Dubai’s luxury property market and its ability to deliver residential properties on a truly spectacular scale.
