Dh14 million Cayan Tower penthouse in Dubai comes with a twist – in pictures

If you want to live somewhere that few others can match, then this penthouse in Dubai’s Cayan Tower is truly unique. Because when the building was completed in June 2013, this apartment did not exist. It is actually five separate apartments, which the owner was given permission to fuse into one. Hence why the only […]

If you want to live somewhere that few others can match, then this penthouse in Dubai’s Cayan Tower is truly unique.

Because when the building was completed in June 2013, this apartment did not exist. It is actually five separate apartments, which the owner was given permission to fuse into one.

Hence why the only five-bedroomed apartment in Cayan Tower spans half of the building’s 22nd floor, with a living space of 5,338 square feet.

What’s more, the 75-storey Cayan Tower is a tower with a twist.

From the outside the building’s distinctive shape makes it look as though it has been wrung out and twisted like a dishcloth; each floor is rotated by 1.2 degrees to achieve the total 90-degree twist, creating the shape of a helix.

Inside the rooms are designed in such a way that they cannot be affected by direct sunlight thanks to titanium-coloured metal panels to stop sunlight penetrating and disturbing the residents. Plus, residents have views of Dubai Marina, Palm Jumeira and the Arabian Gulf

When it opened in June 2013, the building was called the Infinity Tower and became the world’s tallest high-rise building with a twist of 90 degrees. It was designed by the same company that built the Burj Khalifa – Skidmore, Owings and Merrill.

It is now called The Cayan Tower and sits on the front row of the Dubai Marina overlooking the Palm, the yacht club, the Arabian Gulf and the towering presence of the Marina itself.

So how much for all this uniqueness?

Dh14 million will secure you five bedrooms all en suite, comprising four guest bedrooms and one huge master suite.

Floor-to-ceiling windows are the order of the day, allowing the natural light to flood throughout the penthouse.

There are other staff quarters in the property.

While the furniture is not included in the asking price, Luxhabitat, the realtor in charge of its sale, suggested that if the asking price were met then the furniture could become part of the deal very easily. Still, the flourish of the furnishing may not immediately appeal to all tastes. However, the selling point of this property is its location, its iconic address and its unique size.

q&a high quality will prevail

Paul Clark, luxury sales specialist at Luxhabit, tells Andrew Scott more about the five-bedroom apartment in Cayan Tower:

Is it a good time to be selling such a unique apartment?

Well it’s no secret that it is very quiet in Dubai at the moment, but Dubai’s housing cycle is shorter than many others. When the market dips, like now, it generally doesn’t take much to kick-start again, which I think will happen after the summer. For now a lot of investors with regard to buying available homes – not off-plan – are sitting on the fence to make sure the market doesn’t have another dip before they buy. I’m told off-plan sales are doing very well, which shows the confidence in the wider market.

Will this apartment go for the asking price of Dh14 million?

Well, I hope it does. It is a buyers’ market out there and negotiation is probably built into every asking price. This five-bedroom in Cayan Tower has only been on the market for two weeks, with very little marketing, and we have already had interest. The sellers are serious, as the price suggests, they could have asked for Dh18m considering the unique aspect of this property. People will still pay for quality.

What may alter Dubai’s real estate market?

We have already seen Brexit have an effect, with many investors now looking to London as sterling depreciates against the dollar. We have also seen British owners of property more willing to drop prices here so they can sell and convert their dollar-pegged dirhams to sterling.

ascott@thenational.ae

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Source: Business

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