This penthouse has only recently been completed on Palm Jumeirah and it joins a stable of Viceroy Residences that sit in some of the most sought-after global destinations such as Snowmass in Aspen Colorado and Bocas del Toro in the Caribbean.
It is for people who hanker to live in hotel conditions as the 221 private residences are right next to 477 hotel units.
If the name Viceroy Residences isn’t familiar to you, its startling tower in Jumeirah Village will be: the company is developing Viceroy Dubai Jumeirah Village, set to complete next year, with 272 hotel apartments with their own private swimming pools on the balconies.
For those who want to live on the Palm these hotel apartments are well located because one does not have to drive the full length of the artificial island to reach home. The drive up the central trunk and then sweep down the crescent of the Palm can become an onerous journey. However, the Viceroy Residences are easily accessible from the base of the Palm.
This penthouse has just come on the market in the past month for Dh16,276,240. Precisely. It is a pricetag that Luxhabitat, which is marketing the apartment, describes as “exceptionally well priced”.
So, what do you get for your money?
Well, 5,469 square feet. It has probably the best view available from the Palm facing south-east and with four balconies it offers every chance to enjoy the views. It has a full skyline view of the Dubai Marina, the Arabian Gulf and the Blue Water Island, which will host the world’s biggest big wheel.
It has four bedrooms, all en suite, six bathrooms and a fully equipped open kitchen. It has a wine cellar, a storage room, a maid’s quarters, a utility room, five wardrobes, walk-in wardrobe, smart home technology, three parking spaces and comes fully furnished. It also has its own swimming pool, 7 metres by 4 metres, on its main balcony.
Because it is part of a hotel development it has a reception service, concierge service, valet parking, private Jacuzzi, communal steamroom sauna and gymnasium, and a private barbecue.
Q&A: Kunal Singh, a luxury sales representative with Luxhabitat
The asking price of Dh16,276,240 sounds incredibly specific. Why so?
These residences were launched in 2012 and we broke ground in 2013, so this penthouse is now being sold on the secondary market and early investors will have expected a percentage return. Whatever that ROI [return on investment] has been calculated at against the original price is how we came to the asking price.
You say it’s a penthouse but the apartment we are featuring is on the 2nd floor. How does that work?
The Viceroy has developed a concept whereby our apartments sit on their own, and the terraced arrangement means they have nothing above them, hence the penthouse. If you picture a pyramid with apartments and balconies on each level, that is the concept.
It feels very much like a hotel, more than a home. Why?
This is for people who want to move in with a suitcase and a toothbrush, in fact we can provide a toothbrush for them, so just the suitcase. We provide the linen for the bedrooms, the towels for the bathrooms, the cutlery and kitchen ware, the bathroom condiments and all the accessories necessary for 5-star living. We have seen a lot of interest in them. I have probably sold US$6 million worth of real estate in the past three months with seven or eight of these apartments being sold. While that doesn’t compare with 2012-14, it is very good for the current climate.
ascott@thenational.ae
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APPLE IPAD MINI (A17 PRO)
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Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
Schedule:
Pakistan v Sri Lanka:
28 Sep-2 Oct, 1st Test, Abu Dhabi
6-10 Oct, 2nd Test (day-night), Dubai
13 Oct, 1st ODI, Dubai
16 Oct, 2nd ODI, Abu Dhabi
18 Oct, 3rd ODI, Abu Dhabi
20 Oct, 4th ODI, Sharjah
23 Oct, 5th ODI, Sharjah
26 Oct, 1st T20I, Abu Dhabi
27 Oct, 2nd T20I, Abu Dhabi
29 Oct, 3rd T20I, Lahore
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
The biog
Name: Salvador Toriano Jr
Age: 59
From: Laguna, The Philippines
Favourite dish: Seabass or Fish and Chips
Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
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Company%20Profile
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The biog
First Job: Abu Dhabi Department of Petroleum in 1974
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work
THREE POSSIBLE REPLACEMENTS
Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.
Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.
Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
The Comeback: Elvis And The Story Of The 68 Special
Simon Goddard
Omnibus Press
Profile
Company name: Marefa Digital
Based: Dubai Multi Commodities Centre
Number of employees: seven
Sector: e-learning
Funding stage: Pre-seed funding of Dh1.5m in 2017 and an initial seed round of Dh2m in 2019
Investors: Friends and family
Generational responses to the pandemic
Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:
Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.
Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.
Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20profile
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