Penthouse split into smaller units

The Dh180 million penthouse in One at Palm Jumeirah has now been split into smaller units, said Joey Elaty, Palm Jumeirah senior advisor at LuxHabitat. “We cannot determine how many yet,” he added.

Elsewhere on the Palm cluster, the luxury property brokerage claims there has been strong interest from potential buyers for XXII Carat.

“Being the first off-plan villa project on the Palm of its kind since the original launch of the Nakheel villas, it has gained popularity. There has been a need for quite some time to find villas and plot sizes comparing to sizes you’d expect in Emirates Hills and this development fulfils that requirement. The finishing and designs of these mansions are world-class and something buyers have been looking for when they come to invest on the Palm,” informed Elaty.

Buyers keen on purchasing Palm property are mostly from Europe, including Switzerland, the UK, and a few from Northern and central Africa.