In one of the most pricey leases ever, a four-bedroom luxury apartment on Dubai’s Palm Jumeirah was leased for Dh1.7 million.

The 4,790-square-foot property is a part of a very premium residential development.

The most recent lease deal for a residence on the Palm Jumeirah is more proof of the increasing demand for luxury residences in Dubai.
Due to the tenant’s desire to live in one of Dubai’s most prestigious residential developments, the Omniyat One on Palm Jumeirah, a four-bedroom penthouse at the famous man-made island, secured a staggering Dh1.7 million rental agreement for a year.
One of the largest single-unit rental deals in Dubai this year was completed by Metropolitan Premium Properties (MPP), a full-service real estate firm and the flagship property company of the Metropolitan Group.

A home on the Palm Jumeirah was hired for Dh4 million for a six-month period in November. This would be equivalent to a record-breaking Dh8 million over the course of a year, beating the previous mark of Dh7.5 million established by a property in Emirates Hills in 2021.

The building’s 4,790-square-foot penthouse, according to Metropolitan Premium Properties’ Aleksandr Mylnikov, is a one-of-a-kind possibility.

“Despite the exorbitant rental cost, the four-bedroom penthouse was in popular demand because it provides breathtaking views of the Palm Jumeirah. I represented both the landlord and the tenant, so the deal was completed swiftly,” he stated.
One at Palm Jumeirah is located at the track of Palm Jumeirah. It is a brand-new, high-end residential project from Omniyat that has a select number of 94 excellent residences that are overseen by Dorchester Collection.

The award-winning firm Soma Architects constructed, created, and developed the ultra-luxury property. With contemporary facilities and stunning views of the Arabian Gulf, it offers three- and four-bedroom apartments.

According to Mylnikov, “we are receiving more and more enquiries for comparable high-end properties that overlook the Dubai cityscape and the Arabian Gulf.”

Leave a Reply

Your email address will not be published.


10 Achievable Goals To Set For Your Personal Development

1. Improve your growth mindset Setting goals and achieving them can require changes in your life. To believe that change is possible, you can have an open mind and the awareness to accept any mistakes you might make along the way. You might apply daily affirmations to help you get there, but ultimately, improving your […]

Read More

American Millionaire Neville Roy Singham Summoned by ED in NewsClick Terror Case

The Enforcement Directorate (ED) has taken a significant step in the ongoing investigation of the News Click terror case by issuing summons to Neville Roy Singham, an American millionaire. Singham, who is currently based in Shanghai, China, has been accused of spreading Chinese propaganda in India. The ED has sent the summons through official channels […]

Read More

Uttarkashi Tunnel Collapse: New Drilling Machine On Way From Delhi; Fresh Landslide Hampers Rescue Ops

A new American machine is anticipated to arrive in Uttarkashi within the next few hours. Upon its arrival, an Indian Air Force C130 Hercules aircraft will land at an airstrip located approximately 30-35 kilometers away from the incident site.A fresh landslide on Tuesday obstructed ongoing efforts to insert steel pipes through the rubble of the […]

Read More