Abu Dhabi’s most expensive three-bedroom penthouse on Saadiyat Island sold for Dhs137 million
- 18 Mar 2024
Gulf Today, Staff Reporter
The most expensive three-bed penthouse on Abu Dhabi’s Saadiyat Island has been sold for Dhs137 million, the real estate developer has announced.
Aldar, the leading real estate developer, investor, and manager in the UAE, announced the landmark sale of Abu Dhabi’s most expensive apartment, a three-bed penthouse at Nobu Residences on Saadiyat Island. The sale represents the highest price per square metre achieved in the emirate, at more than Dhs 96,000 per sqm.
This milestone price point reflects the continually growing appeal of the UAE capital as a sought-after place to live and a mature investment destination. Driving the desirability of Abu Dhabi is a transparent and business-friendly environment, enriching entertainment, beachside living on one of 200 natural islands, and incentives like the 10-year Golden Visa programme.
Reflecting a strong desire for luxury living, the record sale of the Nobu Residences Abu Dhabi penthouse follows a recently sold four-bed duplex sky villa at the same development for Dhs 130 million.
In addition to the exclusivity of the Nobu brand, the residences’ location on Saadiyat Island contributes to the valuation. With Saadiyat Cultural District’s square mile of five major museums nearing completion, including Guggenheim Abu Dhabi, developments in the heart of this world-class cultural ecosystem are attractive prospects for buyers. The iconic Louvre Abu Dhabi already welcomes thousands of international visitors each year; coupled with new hospitality and dining concepts on the horizon, Saadiyat Island is fast becoming one of the world’s premier destinations.
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.”
Nobu Residences Abu Dhabi is set to become one of the first branded residences for the globally renowned Nobu hospitality brand in the Middle East. The community promises an elevated lifestyle, seamlessly integrating Nobu’s Japanese design and hospitality with contemporary luxuries to offer an elevated living experience. It is conveniently located within walking distance of Saadiyat Grove and Mamsha Al Saadiyat, offering an elegant waterfront promenade with more than 60,000 sqm of premium shopping, dining, and hospitality experiences.
Both the penthouses and sky villas at Nobu Residences, which overlook the pristine waters of Saadiyat Beach, promise elevated living with personalised services and world-class amenities, mirroring the internationally renowned Nobu experience. Homeowners can choose from a high-end selection of luxury finishes inspired by contemporary Emirati and modern Japanese architecture, with global interior design consultancy Studio PCH responsible for the exquisite unit design.
The penthouse covers an entire floor with a private elevator and boasts an expansive terrace accompanied by a private pool perfectly framed by the iconic Guggenheim Museum and the serene Grove Boulevard. Residents can also indulge in their own personal wellness retreat and fitness studio, creating a harmonious living oasis inside their homes.
Inspired by Chef Nobu Matsuhisa’s culinary genius, the kitchens seamlessly blend functionality with breathtaking aesthetics and integrate traditional craftsmanship with contemporary appliances, creating a thoughtful space for cooking and entertaining. Meanwhile, the units feature exquisite bathtub options sourced from the finest materials with designs inspired by Arabic and Japanese traditions.
Nobu Residences Abu Dhabi also features one-to-three-bedroom apartments, penthouses, lofts, and sky villas along with a 125 key hotel, Nobu restaurant and rooftop bar. The development will be completed in Q2 2027. For more information, visit the Nobu Residences page on Aldar’s website.
