{"id":5661,"date":"2024-12-13T09:57:34","date_gmt":"2024-12-13T04:27:34","guid":{"rendered":"https:\/\/propertystellar.com\/blog\/?p=5661"},"modified":"2025-01-14T13:35:46","modified_gmt":"2025-01-14T08:05:46","slug":"dubai-real-estate-1-19m-penthouse-metropolitan-properties","status":"publish","type":"post","link":"https:\/\/www.propertystellar.com\/blog\/dubai-real-estate-1-19m-penthouse-metropolitan-properties\/","title":{"rendered":"Dubai Real Estate Milestone: Penthouse Rental Breaks Records at $1.19 Million"},"content":{"rendered":"<p>Metropolitan Premium Properties (MPP) has achieved a landmark transaction in Dubai&#8217;s real estate market, leasing a stunning penthouse at The Royal Atlantis Resort &#038; Residences for AED4.4 million annually. Here&#8217;s a closer look at this record-breaking deal and the extraordinary property behind it:<\/p>\n<h3>Key Highlights<\/h3>\n<ul>\n<li>\n        <strong>Record-Breaking Rental:<\/strong><\/p>\n<ul>\n<li>AED4.4 million ($1.19 million) annual lease, the largest single-unit rental transaction in Dubai&#8217;s history.<\/li>\n<li>Leased by a high-net-worth European family drawn by its exclusivity and premium offerings.<\/li>\n<\/ul>\n<\/li>\n<li>\n        <strong>Penthouse Features:<\/strong><\/p>\n<ul>\n<li><strong>Spacious Living:<\/strong> 10,000 square feet of luxury with four bedrooms, a living\/dining area, library, and exercise room.<\/li>\n<li><strong>Fully Furnished:<\/strong> Move-in ready with modern interiors and opulent furnishings.<\/li>\n<li><strong>Expansive Terrace:<\/strong> 2,717 square feet with a transparent infinity pool overlooking the city and iconic Burj Al Arab.<\/li>\n<\/ul>\n<\/li>\n<li>\n        <strong>World-Class Amenities:<\/strong><\/p>\n<ul>\n<li>Residents enjoy access to a private beach, 17 celebrity-led restaurants, a 295-foot sky-high infinity pool, entertainment venues, and boutiques.<\/li>\n<li>A state-of-the-art fitness center and personalized hotel concierge services enhance the living experience.<\/li>\n<\/ul>\n<\/li>\n<li>\n        <strong>Exclusive Appeal:<\/strong><\/p>\n<ul>\n<li>\u201cThis penthouse is the pinnacle of residential sophistication,\u201d said Vladimir Minaev, Luxury Property Specialist at MPP.<\/li>\n<li>The unit offers breathtaking views of the ocean and Dubai skyline, redefining luxury living standards.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>The Client Journey<\/h3>\n<ul>\n<li>Initially considered other Palm Jumeirah units before deciding on this premium property.<\/li>\n<li>Increased their budget to secure the unparalleled lifestyle offered by The Royal Atlantis.<\/li>\n<\/ul>\n<h3>MPP&#8217;s Real Estate Success<\/h3>\n<ul>\n<li>In March, Minaev closed a AED61 million resale for a four-bedroom apartment in the same development, delivering a three-fold profit for the seller.<\/li>\n<li>This year, Minaev has transacted over AED600 million, with AED135 million from resales at The Royal Atlantis.<\/li>\n<li>MPP, part of The Metropolitan Group, operates in Dubai, Abu Dhabi, and Vienna, offering top-tier real estate and consulting services.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Metropolitan Premium Properties (MPP) has achieved a landmark transaction in Dubai&#8217;s real estate market, leasing a stunning penthouse at The Royal Atlantis Resort &#038; Residences for AED4.4 million annually. Here&#8217;s a closer look at this record-breaking deal and the extraordinary property behind it: Key Highlights Record-Breaking Rental: AED4.4 million ($1.19 million) annual lease, the largest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58,52,59],"tags":[],"class_list":["post-5661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news","category-stellar-home-section2","category-uae-property-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dubai Real Estate: $1.19M Penthouse | Metropolitan Properties.<\/title>\n<meta name=\"description\" content=\"Dubai Real Estate: AED4.4M Penthouse leased at The Royal Atlantis with luxury amenities and skyline views.\" \/>\n<meta name=\"robots\" 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