Penthouse living in the world's tallest building

Saying you own a penthouse will interest many, but owning one in the tallest building in the world is enough to pique anyone’s interest around the world.

After all any property in the Burj Khalifa comes with a certain kudos, even without the glamour of Tom Cruise and Mission Impossible.

In this case, the penthouse isn’t the apartment at the very top of the building – it is actually located on the low to mid-level 53rd floor (out of 160) which is still bewilderingly high.

For those that dislike apartment living because of the lack of outside space, this pad has a balcony deck with space to take settees and tables but it probably won’t allow kicking a football about.

However, for all that you’ll need to shell out Dh70 million. It’s a hefty price tag, but it’s a hefty address.

Plus the apartment comes fully furnished after a total makeover and remodelling.

It is the only one of nine penthouses with a balcony that was given permission to remodel inside,” says Gregory Lewis, senior negotiator for Knight Frank, the realtor marketing the property. “It is a trophy asset because it is a penthouse in the tallest building in the world that is known across the globe.”

Covering 743 square metres or more than 8,000 square feet, the apartment has four bedrooms, all en-suite, including a master which incorporates a mirrored ceiling and lounge area. It also has three reception rooms, utility rooms and staff accommodation and its own private parking.

The luxury home, as you would expect, has stunning views of Dubai enhanced by floor-to-ceiling windows throughout the space. The minimalist design and decor enhance the modern feel, and the height of the apartment combined with the huge windows flooding the space with light give a true feeling of living in the sky.

Buying a pad in this building also comes with valet parking, a concierge service, swimming pool and a gym with state-of-the art equipment and facilities.

The Armani Hotel at the base of the tower also offers a choice of seven different dining destinations along with Dubai’s Downtown district which has, arguably, become the centre of Dubai’s nightlife.

You can’t get more interesing than that.

Q&A

Gregory Lewis, senior negotiator with Knight Frank, tells Andrew Scott more about the Burj Khalifa penthouse:

Dh70 million is a lot of money. Are people willing to spend that for essentially a four-bedroom apartment?

The price is what it is because it has been finished beautifully with a unique floor plan. The price incorporates the address and the prestige. At this price level you can get more floor space in some very nice towers but those towers will only be known in Dubai. The Burj Khalifa is a global icon and this unique penthouse has an outside space.

How long has it been on the market and has there been any interest?

We have had it on the books for nearly three weeks and we have had three or four enquiries which I think at this price level is very good. It has been a quiet summer; in general for properties on our books we have had three or four viewings a week but in the last couple of weeks the viewings have moved to 13 or 14 a week.

I keep hearing the property market has reached the bottom. Has it?

Well I am still seeing people offer, probably, 10 per cent less that the asking price which means if the market has fallen 20 per cent then it has actually fallen 30 per cent so if we are not at the bottom now, we are very close to it. With regard to this penthouse its unique aspect and address are an insulation against the general sentiment and with HNWIs still to return from Europe and further afield it will garner interest.

ascott@thenational.ae

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