Record-Breaking AED 4M Apartment Sold at One at Palm Jumeirah
This milestone reflects the increasing demand for high-end properties in Dubai and the allure of iconic developments like Palm Jumeirah.
Vasileios (Bill) Kandris, Senior Property Consultant at Dacha Real Estate, has set a new benchmark in Dubai’s rental market by successfully negotiating an extraordinary annual lease worth AED 4,000,000 (approximately $1.1 million) for a penthouse at One at Palm Jumeirah. This landmark deal is recognized as one of the largest residential rental agreements in Dubai’s history.
Exquisite Penthouse Offering Unmatched Luxury
The luxurious 7,450-square-foot penthouse epitomizes exclusivity and grandeur. Fully upgraded and elegantly furnished, the residence features a private pool and an expansive terrace that offers panoramic views of Dubai's iconic landmarks, including Palm Jumeirah, Ain Dubai, Burj Al Arab, and the Burj Khalifa. The interior layout has been thoughtfully restructured, converting four bedrooms into three, with a lavish master suite equipped with a walk-in closet. Every detail, from the high-end finishes to the designer furniture, amplifies the home’s exceptional standard of luxury.
Unrivalled Amenities at One at Palm Jumeirah
Nestled within the prestigious Dorchester Collection-managed development, the penthouse grants access to a range of world-class amenities. Residents enjoy private beach access, infinity pools, a luxurious spa, state-of-the-art fitness centres, and bespoke concierge services, all contributing to the exclusive living experience at One at Palm Jumeirah.
With a reputation for understanding the unique needs of his clients, Kandris continues to distinguish himself in Dubai’s competitive luxury property market. “This record-breaking deal highlights the growing interest of ultra-high-net-worth individuals in making this beautiful city their home,” said Kandris. “It’s crucial to listen and understand the client’s needs to provide them with the best options, rather than focusing on what suits us as brokers. Success comes from aligning every detail with their vision.”
Highlighting Dubai's Growing Appeal to Ultra-Wealthy Residents
This record deal highlights the increasing demand for luxury residences in Dubai, particularly among ultra-high-net-worth individuals seeking premium properties. The unique location of Palm Jumeirah, with its convenience and elite lifestyle, makes it one of the most sought-after addresses in the city. This transaction further cements Dacha’s reputation for excellence and leadership in Dubai’s thriving luxury property market.
Comments