{"id":15192,"date":"2016-06-02T17:56:54","date_gmt":"2016-06-02T10:56:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=15192"},"modified":"2016-06-02T16:09:46","modified_gmt":"2016-06-02T09:09:46","slug":"penthouse-living-in-dubais-answer-to-manhattan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/penthouse-living-in-dubais-answer-to-manhattan\/","title":{"rendered":"Penthouse living in Dubai's answer to Manhattan"},"content":{"rendered":"


\nThis is the penthouse that shows how Dubai’s property sector has come of age. Penthouses no longer have to ostentatiously flout their superiority, their selling point simply has to be their views, location and desirability.This uptown penthouse in the Old Town district of Downtown Dubai is the Middle East’s answer to Manhattan. Whereas the creme de la creme of metropolitan living in the Big Apple is a view of the Hudson river with another eye on the Empire State, this apartment in Zanzebeel 4 offers views of Downtown Dubai, the Burj Khalia and the expanse of water that gives Business Bay its name. The apartment has the feel of a DIFC high flyer with enough space for guests, children and staff. It is also sold fully furnished for those that do not have the time to spend outfitting “another” residence or prefer to move into somewhere off-the-shelf with all the appropriate furniture newly acquired and installed.At 3,182 sq ft, it has four double size bedrooms, all en suite with walk in wardrobes. There are two reception rooms, five bathrooms, a utility room, staff accommodation and a sizeable roof terrace that can hold a 12-seater table for open air dining with views of Burj Khalifa.The building is now six years old but the space has been entirely remodelled to a modern, European open plan style. Doorways and walls have been removed to show off the space and the price was dropped in March from Dh13 million to Dh10.5m according to Gregory Lewis, senior negotiator at Knight Frank, the agent marketing the property.The penthouse has two parking spaces in its own garage in the building’s basement and private lift access. The building’s gym and a swimming pool as well as 24-hour security are also available to the buyer.The tower itself is only eight stories tall giving it a community feel with the Dubai Mall and Dubai Fountains walking distance away. With Dubai Downtown now becoming the unofficial centre of the city and the area becoming an increasingly fashionable place to visit, this apartment is in the heart of the action with a sizeable discount on the original asking price. Q&AGregory Lewis, senior negotiator for Knight Frank, tells Andrew Scott:Are people still buying property in Dubai?The super rich have not stopped buying. There is always movement at the top of the market and Dubai is no different. There has of course been a slowdown lower down the scale where we have seen sales drop by 60 or 70 per cent but the last month was the busiest month for the whole year with three times more enquiries and double the amount of sales than we have seen for the previous four months.Why do you think that is?Two reasons: I think those that are secure in their employment and have a three to five year horizon see real opportunity in the market and with these sort of prices and a return on investment it has to be better than renting which has no ROI. Secondly, I a have list of the top 50 most expensive cities to buy on the planet and Dubai is no longer on it. The prices for real estate, considering where you are and what you get for your money, does not compare with other parts of the world.Give me an example.While the parallels are sometimes dissimilar, the point is made with Emirates Hills at Dh2,400 per square foot and Mayfair in London at Dh42,000 per sq ft. Also with off plan developments, some developers on the Palm are now offering 20 per cent down payment and 80 per cent on completion – the risk has been taken out of the market. You will get what you pay for.ascott@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Penthouse living in Dubai’s answer to Manhattan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This is the penthouse that shows how Dubai’s property sector has come of age. Penthouses...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-15192","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3X2","jetpack-related-posts":[{"id":15196,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/old-town-penthouse-living-in-the-shadow-of-dubais-burj-khalifa-in-pictures\/","url_meta":{"origin":15192,"position":0},"title":"Old Town penthouse living in the shadow of Dubai's Burj Khalifa – in pictures","date":"June 2, 2016","format":false,"excerpt":"\r This uptown penthouse in the Old Town district of Downtown Dubai is the Middle East's answer to Manhattan. Take a look around.\r \r Source : thenational.ae\r Read more...Old Town penthouse living in the shadow of Dubai's Burj Khalifa - in pictures","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15194,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/live-uptown-old-town-downtown-in-the-shadow-of-dubais-burj-khalifa-in-pictures\/","url_meta":{"origin":15192,"position":1},"title":"Live uptown, Old Town, Downtown in the shadow of Dubai's Burj Khalifa – in pictures","date":"June 2, 2016","format":false,"excerpt":"\r This uptown penthouse in the Old Town district of Downtown Dubai is the Middle East's answer to Manhattan. Take a look around.\r \r Source : thenational.ae\r Read more...Live uptown, Old Town, Downtown in the shadow of Dubai's Burj Khalifa - in pictures","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24603,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/penthouse-living-in-the-worlds-tallest-building\/","url_meta":{"origin":15192,"position":2},"title":"Penthouse living in the world's tallest building","date":"September 1, 2016","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144030,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inside-downtown-dubais-most-expensive-penthouse-sold-for-aed80mn\/","url_meta":{"origin":15192,"position":3},"title":"Inside Downtown Dubai\u2019s most expensive penthouse sold for AED80mn","date":"April 30, 2024","format":false,"excerpt":"\r The AED80 million penthouse sale surpasses the previous record set in 2022 of a Burj Khalifa apartment sold for AED73 million\r \r Source : arabianbusiness.com\r Read more...Inside Downtown Dubai\u2019s most expensive penthouse sold for AED80mn","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/04\/1-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":20412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dh14-million-cayan-tower-penthouse-in-dubai-comes-with-a-twist-in-pictures\/","url_meta":{"origin":15192,"position":4},"title":"Dh14 million Cayan Tower penthouse in Dubai comes with a twist – in pictures","date":"July 21, 2016","format":false,"excerpt":"\r If you want to live somewhere that few others can match, then this penthouse in Dubai's Cayan Tower is truly unique. Because when the building was completed in June 2013, this apartment did not exist. It is actually five separate apartments, which the owner was given permission to fuse\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":155405,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-ultra-luxury-property-market-hits-new-heights-with-77m-bulgari-lighthouse-penthouse-sales\/","url_meta":{"origin":15192,"position":5},"title":"Dubai\u2019s ultra-luxury property market hits new heights with $77m Bulgari Lighthouse penthouse sales","date":"June 9, 2025","format":false,"excerpt":"\r Dubai real estate record-setters sell final penthouse apartments in Bulgari Lighthouse\r \r Source : arabianbusiness.com\r Read more...Dubai\u2019s ultra-luxury property market hits new heights with m Bulgari Lighthouse penthouse sales","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/06\/Bulgari-Lighthouse-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15192"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=15192"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15192\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=15192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=15192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=15192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}