Playing the real estate comparison game is always fun, and more often than not, pinning New York prices against any other city will bring you to much bigger and more luxurious spaces. But here’s a real estate showdown that might lead you to shrug off that usual urge to say “But it’s not New York!” when you try to justify the city’s outrageous prices. Word has it that Dubai’s most expensive penthouse is now up on the market for a whopping $74.5 million. The sprawling pad (really a compound-like construction) comes with over 43,000 square feet and is steeped in private amenities. Now compare this to NYC’s current title-holder for most expensive home—the $100 million penthouse at One57—and you’ve got a real estate death match in a league of its own.
Although the Dubai stunner is “cheaper” than its One57 counterpart, it definitely doesn’t shortchange on the luxury. Scheduled for completion in 2017, the whole thing will measure over 25,000 square feet and boast 16,600 square feet of balcony area with ocean and city views. Amazingly, there are just seven bedrooms found inside the massive construction, while other perks include eight bathrooms, a personal gym and a private art gallery. By comparison, the penthouse at One57 has just 10,932 square feet spread out across the 89th and 90th floor of the tower. It does, however, feature those 1,000-foot-high views of Central Park and the surrounding cityscape, which will at least for a short while be unrivaled.
The Dubai penthouse will be located at the One at Palm Jumeirah property along the waterfront. According to Mario Volpi, the head of projects at Asteco Property Management, the developer’s target is a buyer with deep pockets looking for privacy. “You’re looking at maybe royalty, a famous footballer, a rockstar or a rich businessman,” he said to The National. The property is being marketed as “the ultimate address” and as “a personal temple.” Incidentally, the whole thing is being designed by one of New York’s popular go-tos for luxury constructions, SOMA Architects.
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[Via The National]
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