Vasileios (Bill) Kandris, Senior Property Consultant at Dacha Real Estate, has successfully brokered a groundbreaking AED 4,000,000 (approximately $1.1 million) annual rental agreement for a penthouse apartment at One at Palm Jumeirah. This transaction stands as one of the most significant rental deals for a residential apartment or penthouse in Dubai’s history.
The stunning 7,450-square-foot apartment offers an unparalleled level of luxury and exclusivity. Fully upgraded and furnished, the residence features a private pool and an expansive terrace with breathtaking panoramic views of some of Dubai’s most iconic landmarks, including the Palm Jumeirah, Ain Dubai, Burj Al Arab, and the Burj Khalifa. The interior has been thoughtfully reimagined, transforming four bedrooms into three, with the master suite being a spacious sanctuary complete with a walk-in closet. High-end finishes and designer furnishings elevate the apartment to an exceptional standard.
Residents of One at Palm Jumeirah also enjoy access to world-class amenities, including private beach access, infinity pools, a spa, fitness centers, and personalized concierge services.
“This record-breaking agreement highlights the growing interest of ultra-high-net-worth individuals in making Dubai their home. For me, it’s all about listening to the client’s needs and delivering tailored solutions, not just offering what suits us as brokers. Success comes from aligning every detail with the client’s vision,” says Kandris.
The deal underscores the rising demand for exclusive residences in Dubai, especially in areas like Palm Jumeirah, which continues to be a coveted location for affluent individuals seeking a blend of luxury, convenience, and an unmatched lifestyle.
