Nobu Residences Sets Record with $38mn Penthouse Sale

  • March 26, 2024

In a landmark announcement, Aldar Properties revealed the sale of Abu Dhabi’s most opulent apartment, a three-bedroom penthouse at Nobu Residences on Saadiyat Island, commanding a staggering AED137 million ($37,308,305.80 approximately). This sale marks the pinnacle of luxury living in the capital, setting a new benchmark for residential property prices with an unprecedented rate of over AED96,000 per square meter.

Talal Al Dhiyebi, Group Chief Executive Officer at Aldar, hailed this milestone transaction as not only a testament to the evolving landscape of Abu Dhabi’s real estate market but also a reflection of its maturity. He emphasized the sustained growth in both the volume and value of property transactions, attributing it to the supportive governmental policies and initiatives that have enhanced Abu Dhabi’s appeal as a thriving residential and investment hub.

The allure of Nobu Residences extends beyond its association with the esteemed Nobu brand, with its prime location on Saadiyat Island playing a pivotal role in the valuation. Situated amidst the vibrant Saadiyat Cultural District, which is poised to welcome iconic institutions like the Guggenheim Abu Dhabi, the development stands as a beacon of luxury and cultural sophistication.

Rashed Al Omaira, Acting Director General at Abu Dhabi Real Estate Centre (ADREC), underscored the momentum gained by Abu Dhabi’s real estate sector, characterized by a sustained surge in demand across various property segments. He hailed the new price record as a testament to the resilience and maturity of the market, reaffirming Abu Dhabi’s status as a preferred destination for living, working, and investing.

As Nobu Residences prepares to redefine luxury living upon its completion in 2027, the penthouse epitomizes exclusivity, boasting a private pool and terrace overlooking the cultural district. Both the penthouse and the duplex sold earlier are adorned with luxury Japanese design influences, further enhancing their appeal to discerning buyers seeking unparalleled sophistication and comfort.