AED137 Million Aldar Penthouse Sale Marks New High in Abu Dhabi's Luxury Real Estate | Kanebridge News
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AED137 Million Aldar Penthouse Sale Marks New High in Abu Dhabi’s Luxury Real Estate

Aldar has set a new benchmark in Abu Dhabi’s property market by selling the city’s priciest apartment, a lavish three-bedroom penthouse at Nobu Residences on Saadiyat Island, for AED137 million.

Tue, Mar 19, 2024 6:00pmGrey Clock 2 min

This transaction not only marks the highest price per square metre in Abu Dhabi at over AED96,000 but also signals the UAE capital’s increasing attractiveness as a prime location for living and investment, maintained by a robust, business-friendly climate, engaging leisure and beachside activities, and initiatives like the 10-year Golden Visa.

The UAE capital’s allure is further demonstrated by the sale of a four-bedroom duplex sky villa at Nobu Residences for AED130 million, emphasizing a growing trend towards premium residential investments. Aldar‘s Group CEO, Talal Al Dhiyebi, highlighted this sale as evidence of Abu Dhabi real estate market’s maturity, driven by government policies enhancing the city’s livability and investment potential. The upward trajectory in property transactions is expected to persist, fueled by the introduction of luxurious lifestyle projects on Saadiyat Island and other prime areas.

Rashed Al Omaira, the Acting Director General at Abu Dhabi Real Estate Centre (ADREC), reflected on this, acknowledging the sustained demand and dynamic growth in Abu Dhabi’s property sector. He emphasized the ongoing efforts to create exceptional residential projects that reflect the cultural diversity of Abu Dhabi, positioning it as an unparalleled destination for global investors and residents.

Nobu Residences Abu Dhabi is prepared to be the first Middle Eastern branded residence by the prestigious Nobu hospitality brand, offering an unmatched lifestyle that combines Nobu’s iconic Japanese design with modern luxuries.

Its prime location near Saadiyat Grove and Mamsha Al Saadiyat enhances its appeal, providing easy access to a luxurious waterfront promenade featuring extensive retail, dining, and hospitality options.



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Tonino Lamborghini Unveils New Luxury Residences in Ras Al Khaimah

Tonino Lamborghini recently revealed a new luxury project comprising 241 units in Ras Al Khaimah, developed in partnership with Arista Developments.

Tue, May 21, 2024 2 min

Named the Tonino Lamborghini Residences, this project promises a fresh take on luxury living with its iconic design, cutting-edge amenities, and stunning sea views.

Set on Al Marjan Island, the development is adding 241 high-end units to the area’s real estate offerings, all reflecting the sleek, Italian elegance associated with the Lamborghini name.

These residences are designed to impress, featuring modern architecture that harmonizes with the scenic surroundings and interiors marked by meticulous craftsmanship and top-quality finishes.

Living in this one of the project’s units means access to a range of upscale amenities: a state-of-the-art fitness center, multiple swimming pools, beautifully landscaped gardens, and dedicated areas for children’s play. The complex also offers a business center with a conference room, an outdoor BBQ area, and a chic café, catering to all aspects of high-end living.

Arch. Abdulla Al Abdouli, Chief Executive Officer, Marjan, expressed excitement about the introduction of Tonino Lamborghini Residences to Al Marjan Island, noting the project’s blend of sustainable construction and smart home technologies. This integration, he mentioned, guarantees a luxurious lifestyle equipped with the finest modern amenities, reflecting the exquisite Italian craftsmanship. He is confident that this new venture with Arista Developments will significantly boost the allure of Al Marjan Island as a top lifestyle destination in Ras Al Khaimah for both investors and residents.

Tonino Lamborghini, President of the Tonino Lamborghini brand, said: “We are delighted to be among the pioneers in this remarkable new destination in one of the seven emirates of the UAE. Our heartfelt gratitude and recognition go to H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, for his visionary leadership and foresight, and for embracing innovative strategies to revitalize a region full of potential.”

Mr. Arthur Chu, Chairman of Arista Developments, highlighted the project’s ambition to capture the essence of the Tonino Lamborghini brand in every aspect of its design. He described the development of a prestigious residential tower on Al Marjan Island that will reflect the lifestyle and beauty synonymous with Lamborghini. From the sharp, well-defined lines of the exterior to the elegantly designed interior common areas, every detail is crafted to showcase the brand’s distinctive elegance and sophistication. Chu emphasized that the interior designs, personally crafted by Tonino Lamborghini, aim to fully immerse residents in the Italian brand’s luxurious identity.

The variety in housing options is vast, ranging from one and two-bedroom apartments to duplexes, sea view villas, signature villas, and exclusive penthouses.

The collaboration between Tonino Lamborghini and Arista Developments blends iconic Italian style with expert real estate craftsmanship. This venture marks Lamborghini’s first introduction to Ras Al Khaimah and represents a commitment to setting new standards in luxury and modern living.

 

MOST POPULAR

Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

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