OMNIYAT set a new record by selling a penthouse for AED139 million ($37.8 million) at The Lana Residences, Dorchester Collection, Dubai, in the Burj Khalifa district.
The sale of the 4-bedroom penthouse keeps the most expensive property in the region.
Opening in April 2024, The Lana, overseen by Dorchester Collection, features interior design by Gilles & Boissier and architecture by Foster + Partners. Between the Dubai Design District and the Burj Khalifa District, it offers views of the Marasi Marina.
The 16,594 square-foot penthouse has views of the Downtown Dubai skyline and Marasi Bay Marina.
Mahdi Amjad, OMNIYAT’s Founder and Executive Chairman, said: “Our vision is to curate sculpted masterpieces with the exceptional talents of some of the world’s most renowned designers. We bring together purpose, design, innovation, and unique storytelling to create rare experiences, and nowhere is this more apparent than with The Lana and the Lana Residences, Dorchester Collection, Dubai.
“This is more than just a property; it’s a sanctuary in which every detail has been thoughtfully curated to evoke a harmonious balance. With the pivotal launch of the hotel and the handover of the last of the remaining residences available in this exquisite property, we have further delivered on our promise to create projects that redefine and elevate the concept of ultra-luxurious living and reinforce Dubai’s global reputation for offering experiences unrivaled elsewhere in the world.“
OMNIYAT’s luxury property sales
A penthouse at One at Palm Jumeirah was sold by OMNIYAT for AED 102 million in 2017; in 2023, the Sky Palace at AVA at Palm Jumeirah was sold for AED 220 million.
OMNIYAT purchased Marasi Bay Marina to provide an opulent vacation spot.
“We’re reimagining Marasi Bay with a vision to create an incomparable ecosystem for global citizens seeking an uber-luxurious way of living. It will live and breathe as a place of immersive discovery, curated by OMNIYAT as a new epicenter of elevated lifestyle experiences in a globally significant location. These ambitions deeply reflect OMNIYAT’s philosophy of merging ultra-luxury with curated living, further contributing to the city’s economic, aesthetic, and cultural footprint,” Amjad added.
Conclusion
The record-breaking sale of the AED139 million penthouse at The Lana Residences, Dorchester Collection, Dubai, by OMNIYAT is a testament to the company’s commitment to curating exceptional luxury experiences.
With its strategic acquisition of Marasi Bay Marina and plans to transform it into an ultra-luxury lifestyle destination, OMNIYAT is poised to solidify further Dubai’s position as a global hub for high-end living.
This sale not only highlights the city’s burgeoning real estate market but also underscores the undeniable and growing demand for meticulously crafted, opulent properties that cater to the discerning tastes of affluent buyers seeking unparalleled luxury and exclusivity, validating the preferences of luxury lifestyle enthusiasts.
