Penthouse

A penthouse is a premium residential unit occupying the uppermost floor or floors of a building, featuring enhanced specifications, private terraces or rooftop access, and commanding significant price premiums.


Distinguishing FeaturesCharacteristics
LocationTop floor or top 2-3 floors
Outdoor spaceLarge terraces, private pools common
Ceiling heightOften higher than standard units
ViewsUnobstructed, premium vistas
PrivacyEnhanced due to elevation
Market PositioningDetails
Price premium30-100% above per sq ft average
SizeTypically 2-3x standard unit size
Service chargesSignificantly higher due to size
Target buyersUltra-high-net-worth, status-driven
Investment ConsiderationsFactor
Entry capitalAED 5-25 million+ typical
Rental yield3-5%, lower than standard units
Liquidity3-6 months, limited buyer pool
AppreciationHigher percentage gains in bull markets
Personal useOften owner-occupied

Related Terms

Land BankZoning CertificateLuxury PropertyApartmentExecutive Apartment Loft ApartmentHotel ApartmentDuplex ApartmentServiced ApartmentWaterfront Property

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