Dubai’s luxury property market has reached new heights with a record-breaking Dh4 million annual rental deal for a penthouse at One at Palm Jumeirah.
Facilitated by Vasileios (Bill) Kandris, Senior Property Consultant at Dacha Real Estate, this landmark agreement underscores the city’s growing appeal to ultra-high-net-worth individuals.
The 7,450-square-foot penthouse, one of Dubai’s most exclusive residences, features world-class amenities and stunning design. The transaction is a testament to the high demand for unique, high-end properties in the city.
Penthouse features
The upgraded and furnished penthouse offers a blend of opulence and comfort.
Key features include:
- A private pool and expansive terrace with iconic Dubai views.
- Three bedrooms, including a redesigned master suite with a walk-in closet.
- Designer furnishings and high-end finishes, setting a benchmark in luxury living.
Residents also benefit from the amenities of the Dorchester Collection, including private beach access, infinity pools, a spa, and concierge services, cementing One at Palm Jumeirah’s status as a premier address.
Consultant’s insight
Kandris highlighted the importance of client-centric approaches in achieving such milestones. “This record-breaking deal highlights the growing interest of ultra-high-net-worth individuals in making this beautiful city their home,” he remarked. “It’s crucial to listen and understand the client’s needs to provide them with the best options, rather than focusing on what suits us as brokers.”
His dedication has reinforced Dacha Real Estate’s reputation as a leader in the luxury property market, consistently exceeding client expectations.
Dubai’s luxury market appeal
Dubai continues to attract affluent individuals seeking unique residences. The Palm Jumeirah’s blend of exclusivity, convenience, and luxury lifestyle makes it a hotspot for high-net-worth buyers and tenants. This record deal at One at Palm Jumeirah is a testament to the emirate’s growing prominence in the global luxury market.
Dacha Real Estate
Founded in 2004, Dacha Real Estate is synonymous with excellence in Dubai’s real estate sector. With a team of over 70 RERA-certified professionals, the agency specialises in high-quality sales, leasing, and property management.
A female-led firm, Dacha champions transparency and client-focused services, establishing itself as a trusted name in Dubai’s competitive property market. Its name, "Dacha," symbolises a second home, reflecting the city’s vibrant and diverse expat community.
The agency’s record-breaking transaction at One at Palm Jumeirah reaffirms its position as a leading player in Dubai’s dynamic real estate landscape.