Recently, Knight Frank MENA successfully sold the most expensive penthouse ever in Downtown Dubai.
The four-bedroom Sky Collection penthouse, located in the Kempinski The Boulevard project, was sold for AED 80 million (approximately $21.8 million).
This duplex penthouse spans 7,466 square feet and offers breathtaking views of the Burj Khalifa. It features five bathrooms, a powder room, and two fully equipped kitchens.
The penthouse sold for AED 10,715 per square foot, which is four times the average price per square foot for apartments in Downtown Dubai in the first quarter of 2024 (AED 2,670). Additionally, it is 60% higher than the average price per square foot for branded residences in Downtown Dubai (AED 6,600).
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