Following unprecedented demand, only three luxury penthouses at Anantara The Palm Dubai Residences is available for sale.

UAE-headquartered Seven Tides, the developer behind the five-star residential community, has confirmed that eleven of the fourteen penthouse units within the Palm Jumeirah project – which offer direct access to Anantara The Palm Dubai Resort – have now been purchased.

The price from the remaining units, which starts from 7,292 sqft in size and features four fully fitted bedrooms, starts from AED 21,579,888 and boasts sunken swimming pools, extensive private outdoor terraces, stunning panoramic views of the Arabian Gulf, Burj Al Arab and the Dubai Marina skyline, as well as access to five-star leisure facilities.

Abdulla Bin Sulayem, CEO of Seven Tides International, said: “With a host of high-net-worth individuals (HNWI), entrepreneurs, institutional investors and family property funds driving demand for luxury properties in Dubai, it’s unsurprising to see the popularity of the penthouses with investors.

“Anantara The Palm Dubai Resort has garnered regional and international interest from the day it was launched thanks to its position as one of the most luxurious freehold destinations in the UAE. As such, the penthouse properties remain one of the most sought-after homes on the Palm.”

Dubai continues to be a magnet for the super-wealthy, with the city expected to attract over 4,000 HNWIs this year alone – an increase of over 208% vs 2019, according to a report that tracks private wealth and investment migration trends worldwide. Various factors, including Dubai’s position as a safe and secure destination and the government’s business-friendly regulations, have contributed to HNWIs and investors relocating or buying secondary properties at record levels.