On the 6th, 7th, and 8th floors of Raffles the Palm, The Crown Penthouse spans an extraordinary 77,707 square feet across three levels of unmatched luxury. Priced at $164.7 million, this eight bedroom, nine bathroom triplex residence was designed by acclaimed atelier Yodezeen and represents super prime living on a scale rarely seen anywhere in the world. A private lift provides direct access from the hotel lobby to your home, ensuring complete privacy and seamless arrival. This isn't just an apartment, it's a private estate in the sky with amenities and services that rival the world's finest hotels while maintaining the exclusivity of single family ownership.
The lowest level functions as a lifestyle hub with a grand salon, formal dining hall, and wine cellar for entertaining. A family lounge, cinema, children's room, and meeting space ensure comfort and versatility for daily living and business needs. The north wing opens to a bar, al fresco dining area, and a private mini golf terrace. The south wing houses a complete spa and wellness sanctuary with massage rooms, hammam, cryotherapy, sauna, and gym, plus indoor and outdoor pools and a dedicated meditation garden. This level alone provides everything you'd expect from a luxury resort, all within your private residence.
The middle level is devoted to private living with two master suites, each featuring its own lounge, dressing room, and bathroom, plus six additional guest suites all with ensuite facilities and direct access to a wraparound panoramic terrace. A medical room is discreetly included for complete peace of mind, addressing health and wellness needs without leaving home. The rooftop level crowns the residence as a private retreat with a cigar lounge, master lounge, outdoor cinema, and basketball court. Expansive terraces frame uninterrupted 360 degree views of the Dubai skyline and Arabian Gulf, capturing both sunrise and sunset throughout the day. A ten car garage adds further distinction, handling vehicle collections that ultra high net worth individuals typically maintain.
Raffles Palm Jumeirah provides an extensive suite of services including concierge, in residence dining, and valet, plus a la carte services tailored to individual needs. Building facilities such as a 25 meter indoor pool, yoga studio, mini golf, and private cinema ensure variety in daily life. The combination of Raffles hotel services with private residence ownership creates a lifestyle where every need is anticipated and met without lifting a finger.
Dubai's ultra luxury real estate market, particularly properties above $100 million, has emerged as a global safe haven for international wealth seeking tax efficiency, privacy, and lifestyle in a politically stable environment with world class infrastructure. The Palm Jumeirah specifically represents Dubai's most iconic address, with penthouse properties appreciating by approximately 156% since 2015 as the emirate attracted unprecedented wealth inflows from Russia, India, China, Africa, and increasingly Europe as buyers diversified away from traditional Western markets. Properties above $50 million in Dubai now attract buyers from 67 different countries, the most diverse ultra luxury market globally, driven by the UAE's zero personal income tax, no capital gains tax, and increasingly flexible residency programs including the Golden Visa that grants 10 year renewable residency to property investors above certain thresholds. Interestingly, the triplex penthouse format commands premiums of 40 to 60% over equivalent square footage in single floor layouts, as ultra wealthy buyers increasingly value vertical living that creates separation between public entertaining spaces, private family areas, and wellness facilities, essentially replicating the zoning of ground based estates in vertical form. The integration of hotel services with private residence ownership, pioneered in Dubai and now spreading globally, generates value premiums of 25 to 35% over standalone luxury condominiums, as buyers pay for the convenience of Raffles staff handling everything from maintenance to event planning. Dubai's luxury market has also become younger, with the average ultra prime buyer now 44 years old compared to 58 a decade ago, reflecting wealth creation in technology, cryptocurrency, and global business that rewards youth and entrepreneurship over traditional corporate or inherited wealth.