Dubai’s ultra-luxury real estate scene just reached new heights—literally. A 21,000-square-foot penthouse, dubbed the “Sky Palace,” has hit the market in Burj Khalifa, the world’s tallest tower, for $51 million (AED 187.3 million). Perched on the 108th floor at 460 meters (1,509 feet) above ground, the two-story shell unit requires an additional $4.9 million (AED 18.3 million) in renovations. Once completed, experts believe it could be worth over $112 million (AED 411.6 million), rivaling trophy properties in global financial hubs like New York and Hong Kong.

The bespoke unit offers panoramic views of Palm Jumeirah, the Arabian Gulf, and the Ras Al Khaimah mountains. Future owners will enjoy private elevators, 12 dedicated parking spots, and access to Burj Khalifa’s world-class amenities, including a lounge on the 123rd floor, swimming pools, spas, gyms, and tennis courts. Dubai’s booming luxury real estate market attracts ultra-high-net-worth investors worldwide, drawn by tax-free benefits and long-term residency options. Interest in the Sky Palace is already high, proving that Dubai remains a top destination for luxury living and investment.