AHS Properties Sells $50 Million One Canal Penthouse in Dubai Water Canal

Dubai, United Arab Emirates, 25 October 2023: In a move representing the pinnacle of luxury real estate, AHS Properties has marked an industry milestone with the sale of an iconic penthouse in One Canal for an unprecedented $50 million. The ultra-luxury residential building along the Dubai Canal was sold to the family office of a European billionaire, making it one of Dubai’s most expensive penthouse purchase.
This milestone agreement follows closely on the heels of the company’s collaboration with Fendi Casa in November 2022, which heralded the launch of the One Canal project. With a gross development value of $450 million, the project experienced rapid sales, and the penthouse sale represents the final piece of the available inventory.
Everose Properties, under the representation of Karl Shehfe and Gregory Mathieu, acted as the wealth management entity overseeing the transaction. The 30,000-square-foot penthouse at One Canal stands as a magnificent sky mansion, ingeniously merging four rooftop units. This architectural marvel boasts state-of-the-art amenities: a dedicated gym, steam room, sauna, an exclusive rooftop garden accompanied by a pool, two additional private pools, grandiose high ceilings, and dual parking spaces. Residents can revel in breathtaking panoramic views, capturing the majesty of iconic landmarks, including the Burj Khalifa, Burj Al Arab, and the serene Dubai Canal.
Dubai, United Arab Emirates, 25 October 2023: In a move representing the pinnacle of luxury real estate, AHS Properties has marked an industry milestone with the sale of an iconic penthouse in One Canal for an unprecedented $50 million. The ultra-luxury residential building along the Dubai Canal was sold to the family office of a European billionaire, making it one of Dubai’s most expensive penthouse purchase.
This milestone agreement follows closely on the heels of the company’s collaboration with Fendi Casa in November 2022, which heralded the launch of the One Canal project. With a gross development value of $450 million, the project experienced rapid sales, and the penthouse sale represents the final piece of the available inventory.
Everose Properties, under the representation of Karl Shehfe and Gregory Mathieu, acted as the wealth management entity overseeing the transaction. The 30,000-square-foot penthouse at One Canal stands as a magnificent sky mansion, ingeniously merging four rooftop units. This architectural marvel boasts state-of-the-art amenities: a dedicated gym, steam room, sauna, an exclusive rooftop garden accompanied by a pool, two additional private pools, grandiose high ceilings, and dual parking spaces. Residents can revel in breathtaking panoramic views, capturing the majesty of iconic landmarks, including the Burj Khalifa, Burj Al Arab, and the serene Dubai Canal.

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