Wed, Jun 8, 2022

Real Estate & Property
Signature's penthouse sold for $9.8m

Signature Developers has sold the last of its penthouses at the striking Residences JLT in Dubai for AED36 million ($9.8 million), proving that luxury real estate continues to dominate the market.

Conveniently located aloft the famed Taj Hotel, The Residences occupy the upper floors of the fascinating superstructure. The project draws in ultra-high net worth (UHNW) clien-tele through an unobstructed view of sprawling greens, state-of-the-art security, exquisite furnishings, access to five-star amenities, and 3.6 m high floor to window ceilings.

The full-floor spectacular penthouse has an area of 11,200 sq ft, offering cutting-edge home automation, apart from plush wall-to-wall decor, private elevator access, and a be-spoke study, perfectly in line with the recent trend of working from home.

The sale marks an already pre-established confidence in the luxury property market. With no sign of slowing down, Signature Developers plans on capitalising and redefining ‘luxury family living’ with a new development in the pipeline, the statement said.

With a track record of successful high-rises in its portfolio, the developer is now shifting focus and expanding its luxury footprint by developing a limited number of bespoke villas in proximity to the golf course at Jumeirah Golf Estates that will feature unparalleled fin-ishing and pristine views within a gated-community, it said. The project is slated for completion by Q3 2025.

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