Omniyat, a private luxury property developer, announced on Thursday that it had sold a penthouse in the Burj Khalifa district for Dh139 million ($37.8 million), making it the most expensive property in the area.
The four-bedroom penthouse at the newly opened The Lana Residences, Dorchester Collection, spans 16,594 square feet and overlooks the Marasi Marina between the Burj Khalifa District and the Dubai Design District.
According to Knight Frank’s most recent report, 56 properties worth over $25 million were sold in Dubai last year, with 12 sold in the first quarter.
Dubai has consistently been ranked as the top city for luxury property sales, with 431 last year worth $10 million or more, followed by London (240), New York (211), Hong Kong (163), and Los Angeles (161).
Omniyat recently purchased Marasi Bay Marina from Business Bay LLC, marking the company’s first acquisition.
“The acquisition of Marasi Bay Marina represents a once-in-a-generation transformation of the area, given its prime location close to downtown. The location’s unique characteristics will enable us to create an exclusive, conceptual lifestyle destination unlike anything seen in Dubai,” said Amjad.
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