Q1 2016 Penthouse Report
The penthouse market in Dubai did remarkably well in the first quarter of 2016, with over 19 penthouses being sold. Luxhabitat accounted for 15% of penthouse sales in the first quarter alone, thereby holding its ground as the Dubai luxury real estate brokerage to go to if you want to find the right address for your luxury property.
Penthouse price levels are recovering back to Q2 2015 levels, signifying a healthy sales growth for penthouse sales, indicating recovery of a maturing market. The Dubai Marina to date has the largest number of penthouses, but you can find several on the Palm Jumeirah and in Downtown Dubai as well.
With the advent of new luxury projects such as 118 and Habtoor City, there is more in store for penthouses in Dubai. Just recently, a US$57 million penthouse sold from the Habtoor City project. Looks like Dubai has more in store for high-rise penthouse lovers.