Datca Real Estate, Vasileos Kandris (Bill), has announced the completion of a record annual lease deal worth AED 4 million ($1.1 million) for a penthouse apartment in One at Palm Jumeirah, in one of the most significant lease deals in Dubai’s history for residential apartments or penthouses.
The 7,450 square foot apartment offers an exceptional blend of luxury and privacy. The apartment has been fully refurbished and furnished, and features a private swimming pool and a spacious terrace offering panoramic views of Dubai’s most prominent landmarks, including Ain Dubai, Palm Jumeirah, Burj Al Arab and Burj Khalifa. The interior layout has been redesigned to become a three-bedroom apartment instead of a four-bedroom one, including a spacious master suite with a walk-in dressing room.
The apartment is located in a development managed by Dorchester Collection, where residents of the area enjoy access to world-class facilities such as a private beach, swimming pools, a spa, fitness centres and personal concierge services, making One at Palm Jumeirah a beacon of high-end living.
This deal underscores the growing demand for luxury real estate in Dubai, especially for the ultra-high net worth individuals looking for exceptional homes. With its prime location, level of comfort and exclusive lifestyle, Palm Jumeirah is one of the most sought-after areas in the city.