UAE Real Estate Market Booms as Luxury Penthouse Sells for AED 138 Million 

The UAE real estate market, especially in Dubai, has seen tremendous growth over the past year as the economy rebounds from the pandemic.

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UAE Real Estate Market Booms as Luxury Penthouse Sells for AED 138 Million

The UAE real estate market, especially in Dubai, has seen tremendous growth over the past year as the economy rebounds from the pandemic.

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In one of the biggest and most expensive real estate deals to date, a luxury penthouse at the Nobu Residences in Sharjah sold for a whopping AED 138 million ($38 million).

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This sets a new record and highlights both the strength of investor demand and confidence in the UAE’s real estate sector.

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Encompassing two floors and spanning over 16,000 square feet, it is the largest and most expensive penthouse in Sharjah to date.

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The unnamed buyer, who is based in the Middle East, plans to use the property as a luxury home for their family.

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From a financial perspective, this record-breaking deal underscores the growing popularity of luxury real estate investments in the UAE.

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