Property Overview
A duplex penthouse in Boulevard Point, Downtown Dubai by Emaar Properties at AED 19,000,000 for 3,550 sqft, equalling AED 5,352 per sqft. Burj Khalifa view. Currently rented until December. Ready property (completed 2020). No original price disclosed. Agent describes this as a distressed deal.
Property Highlights
- Type: Duplex penthouse
- Size: 3,550 sqft
- Bedrooms: Not specified (likely 4 or 5)
- Asking price: AED 19,000,000
- Rate: AED 5,352 per sqft
- OP: Not disclosed
- View: Burj Khalifa
- Tenancy: Rented until December
- Status: Ready (completed 2020)
Pricing Analysis
Boulevard Point Penthouse Comparisons
- AED 15,500,000 for 4BR penthouse, 2,924 sqft (Property Finder, AED 5,300 per sqft, upgraded, best views)
- AED 18,500,000 for 4BR penthouse, 2,925 sqft (BARNES International, AED 6,325 per sqft, described as one of the two largest penthouses in the building, panoramic Burj and Fountain views)
At AED 5,352 per sqft, this listing is roughly in line with the PF-listed penthouse (AED 5,300 per sqft) and 15.4% below the BARNES listing (AED 6,325 per sqft). The higher total price (AED 19,000,000 vs AED 15,500,000 and AED 18,500,000) reflects the larger size of 3,550 sqft. If the size is accurate, the per-sqft rate does not indicate a deep discount compared to other penthouses in the building.
DLD Transactions (Boulevard Point, 2026)
- AED 5,500,000 for 2BR, 2,001 sqft (6 Oct 2026, AED 2,748 per sqft)
- AED 8,390,000 for 3BR, 1,829 sqft (10 Aug 2026, AED 4,587 per sqft)
- AED 4,700,000 for 2BR, 1,457 sqft (23 Jul 2026, AED 3,226 per sqft)
- AED 4,000,000 for 2BR, 1,433 sqft (13 Aug 2026, AED 2,791 per sqft)
No penthouse or 3,000+ sqft transactions appear in the visible DLD data. The 3BR sale at AED 4,587 per sqft (August 2026) is the highest per-sqft transaction recorded. Standard apartment transactions range from AED 2,250 to AED 4,587 per sqft. Penthouses typically trade at a premium above apartment rates.
Downtown Dubai Penthouse Context
Downtown Dubai average apartment rate: AED 3,011 to AED 3,134 per sqft (H1 2026). Penthouse premiums in Downtown typically add 20% to 60% above standard apartment rates, placing the penthouse range at AED 3,600 to AED 5,000 per sqft for most buildings. At AED 5,352 per sqft, this listing is at the upper end of the Downtown penthouse range, consistent with Boulevard Point's premium positioning (direct Dubai Mall access, 69 floors, top-tier Emaar product).
Size Verification Note
The 3,550 sqft claim needs title deed verification. The two known penthouse listings in Boulevard Point are both approximately 2,925 sqft and described as the largest layouts. A 3,550 sqft unit is 21% larger than those, which would require a duplex spanning two floors. Boulevard Point includes duplex layouts and one source lists units up to 7,050 sqft, so a 3,550 sqft duplex is physically possible but should be confirmed from the title deed or Ejari before proceeding.
Rental Income
The unit is rented until December. Comparable rental: a 4BR penthouse of 2,924 sqft in Boulevard Point (Burj view, unfurnished) listed for rent at AED 900,000 per year. For a larger 3,550 sqft duplex penthouse with Burj view, estimated rental is AED 900,000 to AED 1,000,000 per year. At AED 19,000,000 purchase: gross yield of 4.7% to 5.3%. The short remaining tenancy (approximately two months) means the buyer will have possession shortly.
About Boulevard Point
A 69-floor residential tower (279.8 metres) by Emaar Properties in Downtown Dubai. Approximately 359 apartments. Completed 2020. Sits above The Dubai Mall extension with a dedicated glass link bridge providing direct private access. Amenities include infinity pool with city views, gymnasium, tennis, basketball and badminton courts, game room, multimedia hall, reading lounge, BBQ and picnic zones, conference room, business centre, coworking space, steam room, sauna, jacuzzi, children play areas, concierge and underground parking. Freehold ownership.
About Downtown Dubai
Emaar's flagship master community. Home to Burj Khalifa, The Dubai Mall, Dubai Opera and the Dubai Fountain. Central location accessible via Sheikh Zayed Road, Al Khail Road and Financial Centre Road. Freehold ownership for international buyers.
Verification Notes
The asking price, size, duplex penthouse type, Burj Khalifa view, rented status and distress claim are from the agent brief. No OP is disclosed. The 3,550 sqft size should be verified against the title deed (the largest confirmed penthouse listing is 2,925 sqft). The bedroom count is not specified (likely 4 or 5). At AED 5,352 per sqft, the asking is in line with other penthouse listings in the building and does not clearly demonstrate below-market pricing. The distress narrative is unverified.
