According to the real estate developer, the most expensive three-bedroom penthouse in Abu Dhabi’s Saadiyat Island sold for Dhs137 million.
Aldar, the UAE’s foremost real estate developer, investor, and manager, has announced the landmark sale of Abu Dhabi’s most expensive apartment, a three-bedroom penthouse at Nobu Residences on Saadiyat Island. The sale marks the highest price per square meter attained in the emirate, at more than Dhs 96,000 per sqm.
This milestone price point underlines the UAE capital’s ever-increasing appeal as a desirable location to live and a mature investment destination. Abu Dhabi’s appeal stems from a transparent and business-friendly climate, abundant entertainment, beachside residing on one of 200 natural islands, and incentives such as the 10-year Golden Visa scheme.
The record sale of the Nobu Residences Abu Dhabi penthouse comes after a recently sold four-bed duplex sky villa at the same complex for Dhs 130 million, indicating a strong desire for luxury living.
In addition to the exclusivity of the Nobu brand, the apartments’ location on Saadiyat Island adds to their value. The Saadiyat Cultural District’s square mile of five major museums, including the Guggenheim Abu Dhabi, is nearing completion, making properties in the heart of this world-class cultural environment appealing to purchasers.
