The Most Expensive Penthouse in Dubai Just Sold—And It Doesn’t Even Exist Yet


Just a few months after an unbuilt apartment set the record for the most expensive penthouse in Dubai, another property has swooped in to steal the title. And the story is ironically similar: It’s also the pinnacle unit in a luxury building and, most notably, it also doesn’t exist yet.

The new record holder is a 22,000-square-foot unit crowning Como Residences, a 71-story tower currently under development. As reported by CNN, the sky-high home sold for just over $136 million (500 million UAE dirhams), which is $21 million more than the previous titleholder. Though the buyer was not disclosed, they were described to CNN as “Eastern European.”

When complete, Como Residences will rise 984 feet into the air above Palm Jumeirah, the artificial archipelago on which it will be built. Units in the building will range between two and seven bedrooms and start around $5.7 million, while the milestone penthouse will include five bedrooms, a 260-degree sky pool, and views of Dubai landmarks such as the Burj Khalifa, Burj Al Arab, and Dubai Marina. Amenities for all tenants include a private beach, 82-foot lap pool, and infinity pool. The tower is anticipated to reach completion in 2027.

The most expensive penthouse in Dubai is known as an “off plan” transaction, which is the sale of units in buildings still under construction and is becoming increasingly popular in Dubai. “The recent years have witnessed a lack of stock of ready-to-move-in premium properties in Dubai, driving both investors and end users towards off-plan options,” explains Daniel Hadi, CEO of Engel & Völkers in Dubai, who was not involved in the penthouse sale. “This shift is primarily due to Dubai’s rising demand for high-end real estate, which also inspired developers to elevate the standards of luxury living.”

Developers are increasingly enhancing the quality, design, and range of amenities, which prompts a surge in these types of überluxury properties that are not available in the existing market. “The current market scenario suggests that off-plan developments are the way forward for discerning buyers aiming to acquire truly exceptional and unique properties,” Hadi adds. To entice buyers, many major developers in the luxury sector are offering flexible payment plans. As Hadi explains, “These plans are typically linked to the construction milestones, enabling buyers to avoid the burden of heavy upfront payments, while aligning with their financial goals.”



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