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The former Pentominium and now Six Senses Residences Dubai Marina plans to challenge the record for the tallest residential tower in the world.
Sales under construction have begun at a more than 500-meter-tall skyscraper in Dubai that is set to become the tallest free-standing residential tower in the world. In many ways, this is a relaunch of the project, located in the "highest quarter" cluster of Dubai Marina.
LOCATION
Dubai Marina is one of the fastest developing and most prestigious areas in Dubai, and is considered to be both a residential and holiday resort destination. The distinctive feature of Dubai Marina is its large canal, which is more than two miles long. There are numerous restaurants and cafes along the waterfront, as well as walking, cycling and jogging paths.
One of the biggest advantages of living in Dubai Marina is its convenient location, as it has easy access to Al Sufouh Rd and Sheikh Zayed Rd, which connects all seven emirates. Dubai International Airport and Al Maktoum International Airport are just 30 minutes away.
PROJECT REVIVAL
Now called Six Senses Residences Dubai Marina, it consists of 122 floors and 251 residences. Prices start at an attractive AED 5.8 million (US$1.58 million) for a 2-bedroom apartment. According to real estate market sources, this will amount to about US$ 10,293 per square meter. The project is at the 25% completion stage, and full completion is expected in 2028.
At launch in 2007, the project was called Pentominium, and most of its super-luxury apartments were sold out within days. At the time, its developer envisioned it as a tower consisting entirely of penthouses. Construction began with great fanfare, but was then stopped as the developer quickly pulled out.
SELLING AT AUCTION FOR US$100 MILLION
Last December, the Pentominium was purchased by Select Group at auction for US$100 million. It's part of a process that has seen long-stalled projects being revived at a time when Dubai's property market is enjoying another burst of sustained growth.
Now under the Six Senses brand, the project will be part of the ongoing real estate boom in Dubai. In the first three months of 2024, off-plan sales posted another exceptionally strong jump. Today, branded luxury residences are in great demand among buyers and almost all the leading famous brands have attached their names to real estate projects in Dubai.
PROJECT’S BENEFITS
Six Senses Residences Dubai Marina is a 122-storey luxury development comprising a brilliant collection of branded residences. The wellness-inspired complex is being built by Select Group in partnership with the Six Senses hotel brand. Six Senses Residences Dubai Marina is set to become the tallest residential tower in the world.
There are a range of 2-4 bedroom apartments, 4-bedroom half-floor penthouses, 4-bedroom duplex Sky Mansions and 5-bedroom triplex Sky Mansions available for purchase. As a resident here, you will enjoy panoramic views of Dubai Harbour, Bluewaters Island and Palm Jumeirah. The size of the units ranges from 2,000 sq. ft to 14,102 sq. ft.
The project aims to enhance the mental and physical well-being of all those who call the complex home. The residences feature a biophilic design concept, the exclusive Sleep With Six Senses bedroom amenities, wellness closets with fitness equipment and mood-enhancing sensory tools.
A LA CARTE SERVICES
Six Senses will offer a variety of a la carte services, including floral arrangements, a private chef, limousine services, Six Senses spa treatments, massages and wellness programs, in-residence spa treatments, personal shoppers, private fitness trainers and yoga classes – plus more.
This is in addition to brand benefits such as 20% off the Best Available Rate and promotional rates at Six Senses properties worldwide, plus applicable discounts for spa and F&B at all Six Senses hotels.
INVESTMENT OPPORTUNITIES
As of the first quarter of 2024, 2-bedroom apartments in Dubai Marina can be rented from AED 47.4K (USD 13K) per annum. The average return on investment is 6.4%.
The developer is set to deliver the project in 2028. During construction, the real estate value is expected to increase, enabling you to generate profit if you were to resell your property.
PAYMENT PLAN
20% On Booking
20% During Construction
60% Post Handover in Q3 2028
