Dubai’s newest ultra-luxury residence recently went on sale in Mayfair, the first time an completed turn-key development was handed over to agents outside of Dubai.
The event in Mayfair, led by Wetherell Estate Agents, sold the Fendi and Cavalli designed show houses up for sale for between £4.5 and £10.7 million.
The 118 cost over £125 million to construct and provides 28 fully furnished 4 to 6 bedroom full floor residences as well as two duplex apartments. Considered to be the most luxurious penthouses in the city, they have their own entrance halls and art gallery. The only building beside the world renowned Burj Khalifa to have an ultra-secure courtyard and entrance managed and run like a hotel. With fulltime concierge, doormen valets and maintenance teams the residence even includes chauffeur accommodation.
Apartments can be bought in two different styles, contemporary or classic, with penthouses believed to be the most luxurious ever created in the bustling city. The six bedroom residences have double height ceilings throughout, connected with floor to ceiling picture windows, which open out onto the large sky terraces. Complemented with the finest selection of stone, wood and marble to create the internal design and features, custom made doorways and joinery add a final luxurious touch. Ambassadorial sized bedroom suites, include a master bedroom with an area to relax throughout the day, a generously sized study, master bathroom and walk in dressing room. Inhabitants of the 118 also enjoy world class facilities outside of their abodes. A fitness centre with gymnasium, treatments rooms, steam rooms, lounge and 30,000sq.ft temperature controlled pool and entertainment deck along with a dedicated rooftop sunset lounge.
Peter Wetherell, chief executive of Mayfair Estate Agents Wetherell,, said: “The subcontinental buyers in Mayfair typically have a home for banking and family education in London, a family home in the city and homes for business and leisure in either Dubai, Monaco, Manhattan or Los Angeles.”
“They will spend anything from £2-20 million on purchasing a home in Mayfair, with 70 percent buying an apartment or penthouse and the balance acquiring a mansion, townhouse or mews property. Providing value-on-investment, a world-class destination and a low tax environment, The 118 in Dubai is a logical choice for these multi-national
residents.”
As with all new buildings, with luxury comes the balance of environmental sustainability. Energy systems that allow for less water usage across all private and public facilities, including flow limiting faucets and premium sensored lighting to control electricity usage through the development.
The turnkey element of this development enables foreign buyers to purchase the property and move in the next day. With the entire residence fully furnished with the highest quality goods, it makes an appealing opportunity for those with the money at hand for such a home away from home. Progressive in outlook, yet rooted in tradition, Dubai has captured the imagination of the world. From the timeless tranquility of the desert to the lively bustle of the city markets, the city presents a fantastic ensemble of attractions and experiences for both visitors and residents. The host of the BIE’s upcoming World Expo in 2020, the city has constantly strived to do something different. Be it a ski destination in the desert, the world’s tallest high-rise structure or even a collection of man-made islands that can be seen from space, Dubai has done it all.