Record‐Breaking Penthouses of 2024 Redefine Ultra‐Luxury Living

The global ultra‐luxury real estate market is in the midst of a transformation as record‐breaking penthouse transactions set new benchmarks for opulence. From Manhattan’s storied skyline to Dubai’s futuristic high‐rises and even landmark deals in Los Angeles, 2024 has delivered a series of extravagant residences that push architectural and design boundaries.

New York City: Historic Deals on Iconic Skylines

In Manhattan, luxury buyers are rewriting the rulebook. One standout transaction came from the historic Crown Building, where billionaire Vladislav Doronin acquired a five‐story penthouse at Aman New York for an astounding $135 million.

Not far behind, a duplex penthouse at Central Park Tower closed at roughly $117.4 million, showcasing designer finishes, floor-to-ceiling windows, and unobstructed views of Central Park. Meanwhile, towers like 520 Park Avenue continue to attract multi-million-dollar offers, with luxurious amenities—from private movie theaters to bi-level fitness centers—cementing New York’s reputation as the epicenter of ultra-luxury living.

Dubai: A Glimpse into the Future of Luxury

Dubai’s skyline is no stranger to superlative luxury, and 2024 has seen some of the most daring projects to date.

The Sky Mansion at Bugatti Residences

Currently listed for AED 750 million, this penthouse in Business Bay occupies the top three floors of the iconic Bugatti Residences.

Covering over 44,000 square feet, the property boasts innovative features such as a dedicated car-lift system that allows the owner to drive straight into a showroom-style parking area. Guests and residents can enjoy an indoor swimming pool, a state-of-the-art gym, a private cinema, and meticulously designed living spaces that blend futuristic technology with sumptuous design.

Billionaire Sky Penthouse at Burj Binghatti Jacob & Co. Residences

Also commanding an AED 750 million price tag, this penthouse is perched 1,600 feet above ground level. Inspired by Jacob & Co.’s iconic timepieces, it offers amenities including an indoor infinity pool facing the Burj Khalifa, a dedicated movie theater, multiple lounging areas, and a massive primary suite—all designed to appeal to an elite clientele seeking both status and spectacle.

Super Penthouse R at Raffles The Palm

Unveiled in Palm Jumeirah, this triplex residence spans an astonishing 77,000 square feet—larger than many landmark buildings worldwide. Priced at AED 600 million, its design collaboration with Miami’s YoDezeen features a private elevator leading to a grand salon and an expansive terrace with panoramic views of the Arabian Gulf. The dining area is built to accommodate twenty guests, while indoor and outdoor theaters, spa facilities, and recreational spaces further accentuate the property’s lavish lifestyle.

Como Residence Penthouse

Claiming the title of the most expensive beachfront penthouse in Dubai, this ultra-exclusive property is situated on the 68th floor of a luxury tower in Palm Jumeirah. With nearly 22,000 square feet of glass-enclosed space offering 360-degree views of Dubai’s skyline and the Arabian Gulf, it comes with private pools, a wraparound terrace, and an alfresco dining area that promises uninterrupted luxury.

Armani Presidential Penthouse at Armani Beach Residence

A visionary project by legendary designer Giorgio Armani and architect Tadao Ando, this AED 482 million penthouse covers 44,000 square feet of meticulously appointed living space. Custom interiors by Armani Casa, expansive roof terraces, and a serene courtyard with a reflective water feature create a sophisticated retreat that epitomizes modern elegance.

Marsa Al Arab Top Floor Penthouse

Another milestone in Dubai’s luxury market is the AED 420 million penthouse at Marsa Al Arab by Jumeirah. This 27,000-square-foot residence—featuring 13,000 square feet of outdoor space—boasts two private elevators, a dedicated lobby, and sweeping views of both the ocean and the city skyline. Designed by the innovative team behind the Museum of the Future, its futuristic aesthetics and top-tier amenities set a new standard for high-rise living.

Sky Villa at Bulgari Lighthouse

Located on Jumeirah Bay’s prestigious “Billionaire Island,” this three-floor penthouse sold for AED 410 million. Covering nearly 39,000 square feet with a 13,000-square-foot private rooftop garden complete with an infinity pool, the Sky Villa offers nine bedrooms, double-height formal living spaces, and floor-to-ceiling windows that frame stunning views of the Gulf and the Dubai skyline.

Sky Palace at ORLA by Dorchester Collection

Rounding out the ultra-luxury offerings is the AED 365 million Sky Palace on Palm Jumeirah. This three-level residence spans over 52,000 square feet, featuring dual private swimming pools, a fully equipped wellness suite, private internal lifts, a show garage capable of housing ten cars, and even a private helipad. It exemplifies the heights of Dubai’s aspiration toward redefining luxury with each new project.

West Coast Highlights: A New Benchmark in Los Angeles

While New York and Dubai dominate the high-rise market, Los Angeles continues to surprise with record-setting condo sales. A landmark penthouse in Century City recently sold for $39.2 million, setting a new record for luxury condo transactions in the region.

Spanning 9,400 square feet, the unit includes a separate office suite, a dedicated studio, a pool cabana, and four private parking spaces—all of which contributed to its status as a highly coveted property among celebrity buyers.

From the towering spires of Manhattan to the futuristic skylines of Dubai and the star-studded neighborhoods of Los Angeles, 2024 has been a banner year for ultra-luxury penthouses. These properties not only serve as extravagant residences but also as bold statements of wealth, innovation, and the unyielding pursuit of excellence in design and lifestyle. As markets continue to evolve, these record-breaking transactions are likely to set the stage for even more daring and opulent real estate projects in the years to come.