Records are set to break in Dubai after bids are received for two exclusive penthouses in the new Trump hotel on Palm Jumeirah.
Sales of the residences begin this week. Pre-sales of some properties have sold for $3,000 per square foot, with the average price per square foot selling for $2,450.
The 62-story tower made of stainless steel and glass, will be the tallest structure on Palm Jumeirah and is expected to be completed in summer 2011. The property will be comprised of two freestanding towers that straddle the center line of Palm Jumeirah, making it the gateway to the heart of the development.
Two expansive penthouses designed by Kelly Hoppen will sit atop both towers. But all the Tower’s 399 freehold residences will have the designer touches: Norman Foster bathtubs, Boffi kitchens and Gaggenau appliances. Furthermore, a “Soundcreation” package will be available with each residential purchase. This system provides owners with complete home automation, an awe-inspiring home cinema, multi-room audio, and spectacular custom lighting. All residences will have access to the Beach Club which features multiple sports, leisure and entertainment facilities.
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