Nobu Residences’ most expensive penthouse sells at $38mn, Aldar announces

Upon completion in 2027, Nobu Residences in Abu Dhabi will provide top-tier services and amenities consistent with the esteemed Nobu hotel brand.

A three-bedroom penthouse encompassing the entire top floor at Nobu Residences has been purchased for AED137 million ($37,308,305.80 approximately), marking the highest price per square meter paid for a residential property in Abu Dhabi.

Exceeding previous records in the capital, this sale, valued at over AED96,000 per square meter, follows Aldar’s recent transaction of a four-bedroom duplex sky villa within the same Nobu Residences development, sold for AED130 million.

Talal Al Dhiyebi, Aldar’s Group Chief Executive Officer, remarked, “The landmark transaction at Nobu Residences not only establishes a new standard for residential properties in Abu Dhabi but also signifies the maturation of the real estate market.

“Year after year, we witness robust increases in both the quantity and worth of homes bought, fueled by government policies and initiatives that enhance Abu Dhabi’s appeal as a desirable living destination and lucrative investment hub. We anticipate this trajectory to persist as we materialize some of the UAE’s most opulent lifestyle concepts on Saadiyat Island and throughout Abu Dhabi’s premier locations.”

In addition to the esteemed Nobu brand, the residences’ prime position on Saadiyat Island contributed to their favorable valuations.

The presence of prominent museums such as the nearing completion of the Guggenheim Abu Dhabi within the Saadiyat Cultural District renders developments in the area particularly appealing prospects.

Rashed Al Omaira, Acting Director General at ADREC remarked, “The ongoing surge in demand across various property types underscores the robustness and growth of Abu Dhabi’s real estate sector. This new milestone underscores the resilience and maturity of our market, reinforcing Abu Dhabi’s status as a preferred destination for living, working, and investing.”

“Our commitment to expanding horizons drives us to develop exceptional residential projects that seamlessly integrate the diverse cultural essence of Abu Dhabi. This simultaneous effort aims to establish Abu Dhabi as a premier global destination for both living and investment within the real estate market.”

Upon completion in 2027, Nobu Residences will provide upscale services and amenities consistent with the renowned Nobu hotel brand.

The penthouse features a private pool and terrace with stunning views of the cultural district. Both the penthouse and duplex come fully furnished with opulent Japanese design influences.

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