Nobu Residences; a three-bedroom penthouse covering the entire top floor has been sold for AED137 million ($37,308,305.80 approximately).
This is the largest price per square metre paid for a residential property in Abu Dhabi.
At over AED96,000 per square metre, this sale surpasses previous records in the capital and follows Aldar’s recent sale of a four-bedroom duplex sky villa at the same Nobu Residences development for AED130 million.
Talal Al Dhiyebi, Group Chief Executive Officer at Aldar, said: “This milestone transaction at Nobu Residences not only sets a new benchmark for residential property in Abu Dhabi but also underscores the maturity of the real estate market.
“Year on year, we are seeing healthy increases in both the volume and value of homes purchased, driven by supportive government policies and initiatives that have increased the attractiveness of Abu Dhabi as a place where people want to live and see real opportunity for investment. We expect this trend to continue as we bring some of the UAE’s most luxurious lifestyle concepts to life on Saadiyat Island and across Abu Dhabi’s prime locations.”
As well as the Nobu brand prestige, the prime location of the residences on Saadiyat Island contributed to the valuations.
With major museums like the Guggenheim Abu Dhabi nearing completion as part of the Saadiyat Cultural District, developments there are attractive prospects.
Rashed Al Omaira, Acting Director General at ADREC added: “Abu Dhabi’s real estate sector continues to gain significant momentum with a sustained surge in demand across property types. This new record reflects the resilience and maturity of our real estate market, reaffirming the solid growth of Abu Dhabi as a preferred place in which to live, work, and invest.
“By steadily expanding new horizons, our mission remains to develop outstanding residential projects that incorporate the unique and diverse cultural ambiance of the emirate of Abu Dhabi, concurrently positioning it as an exceptional destination at the heart of the real estate market worldwide for living and investment.”
Nobu Residences will offer high-end services and amenities in line with the Nobu hotel brand when completed in 2027.
The penthouse boasts a private pool and terrace overlooking the cultural district. Both it and the duplex are being sold fully furnished with luxury Japanese design influences.
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