Downtown Dubai luxury penthouse snapped up for $13.6m
DUBAI, November 7, 2021
The 118, a boutique luxury project by Signature Developers, located in the heart of Downtown Dubai, has just sold one of its trademark apartments for AED50 million ($13.6 million).
Nestled mere steps away from Dubai Mall, across the Address Downtown, The 118 offers an opulent, yet highly secure, retreat for UHNWIs (Ultra high net worth individuals), said the statement from Signature Developers.
A near record breaking sale, the luxury property earned its elusive ticket price through immaculate IADA award winning-design, exclusive access to a community of prolific residents, palatial interiors, impeccable details, premium services, and an unparalleled, panoramic view of the Downtown area, it stated.
This is in stark contrast to current ‘ultra’ expensive residences that heavily rely on beachfront access and a sea view to justify their asking price, it added.
"Interestingly, a big draw to our pool of discerning buyers has not only been the uncompromising luxury we stand by, but also the heightened level of security and privacy we offer," remarked Sunil Nihalani, a senior representative for Signature Developers.
The duplex apartment, one of only two being offered at The 118, features 6 ensuite bedrooms, extraordinary 8-m-high living room ceilings, state-of-the-art amenities, exquisitely furnished interiors, generous ‘walk in’ closet spaces, and a combination of stone and pearlescent finishes.
The property also boasts a luxurious 30,000-sq-ft pool side garden and deck, dedicated chauffeur accommodation, 24-hour maintenance and concierge services, a well-equipped fitness centre, valet services, and some of the best security facilities available in the city.
"With only 28 units built, we strive to build a sought-after community of tasteful residents, that value discretion and peace of mind," added Nihalani.-TradeArabia News Service
