A luxury penthouse in Dubai sold for 50 million dirhams (photos)
picture
Signature Developments, the developer of 118 Downtown, has announced the sale of one of three penthouses in the luxury tower for 50 million dirhams.
The company explained in a statement today, that the new tower is located in the center of Dubai, and it consists of 44 floors and includes 28 residential units, including apartments from four to six bedrooms, spread over an area of an entire floor, in addition to three apartments "luxury penthouses".
The tower also features a luxurious 30,000 square feet poolside garden and podium, and a fitness center.
The tower provides 24-hour maintenance and concierge services, as well as valet parking.
Signature Developments representative Sunil Nehalan said: “In the company, we strive to build a community that offers a modern style of living for people who value luxury and peace of mind. So (Tower 118 Downtown) redefines luxury and constitutes a safe haven for investors and those seeking exclusivity.”
He added, "Luxury is not the only factor that attracts real estate investors from the state or abroad, but the application of the highest standards of security and privacy has great countries when making purchasing decisions, which we are working to provide around the clock."
It is noteworthy that the real estate sector in the UAE provides great investment opportunities for buyers, comparable to real estate investment opportunities around the world.
The new deal is a testament to the great confidence of investors in the real estate sector in the country, making Dubai itself once again a sought-after destination by entrepreneurs, international investors and celebrities alike.
Follow our latest local and sports news and the latest political and economic developments via Google news