Friday, July 11, 2008

World's Most Expensive Penthouse

The new penthouse of the 62-story Trump International Hotel & Tower on Palm Jumeirah in Dubai is expected to sell for $790 million

Breaking property records is one thing, but when the property happens to be in Dubai Dubai, it's another ball game entirely. The AED 2.9 billion (around USD$790 million) contract for the construction of the spectacular 62 storey tall Trump International Hotel & Tower on Palm Jumeirah was announced earlier this month and with pre-sales of some properties fetching as much as $3000USD, real estate developer Nakheel and the Trump Organization expect that the tower's exclusive penthouse will break property records.

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