It works out to more than Dhs96,000 per square meter…

Aldar, a leading real estate developer, investor and manager in the UAE has just announced the sale of Abu Dhabi’s most expensive apartment.

The three-bedroom penthouse at Nobu Residences on Saadiyat Island was sold for an eye-watering 137 million dirhams. That works out to more than Dhs96,000 per square meter.

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The sale of the penthouse comes shortly after the sale of a four-bed duplex sky villa at the same development for 130 million dirhams.

The announcement of the iconic Nobu brand coming to Abu Dhabi was made a few years ago. It will become one of the first branded residences for the globally renowned Nobu hospitality brand in the Middle East. Residents will have much more than fine Japanese fare to look forward to. Alongside the Nobu restaurant, a beach club, luxurious hotel and chic branded residences will open in Abu Dhabi in 2027.

Speaking on the property sale, Talal Al Dhiyebi, Group Chief Executive Officer at Aldar, said, “This milestone transaction at Nobu Residences not only sets a new benchmark for residential property in Abu Dhabi but also underscores the maturity of the real estate market.’

He added that year-on-year, a healthy increase has been seen in both the volume and value of homes purchased, and he expects the ‘trend to continue as we bring some of the UAE’s most luxurious lifestyle concepts to life on Saadiyat Island and across Abu Dhabi’s prime locations’.

Rashed Al Omaira, Acting Director General at ADREC added, “This new record reflects the resilience and maturity of our real estate market, reaffirming the solid growth of Abu Dhabi as a preferred place in which to live, work, and invest.”

Over in Dubai…

In Dubai, the most expensive penthouse was sold in November 2023 for a record-breaking Dhs500 million, making it the third most expensive penthouse ever sold in the world, after London and Monaco.

The five-bedroom penthouse, sold by Provident Estate, is located in the ultra-luxurious 71-storey Como Residences, Palm Jumeirah, set to open in Q3 2027. Read more here.


Images: Emirates News Agency (WAM)