For those willing to spend Dh59 million on a property, it must have something that few others offer.
Le Rêve is one such property.
Although there are several high-rise buildings in Dubai known for their height, offerings, hotels or a combination of all three, Le Rêve, a 52-storey residential tower, celebrates its location on “millionaires’ row” overlooking the Palm Jumeirah and Dubai Marina.
Le Rêve means “the dream” in French, and you have to dream big if you want to live in this tower. Its first 41 floors have just two apartments each. Celebrities and multimillionaires reside on the remaining nine floors, which are occupied by a single unit boasting luxurious touches such as a gym designed by tennis ace Roger Federer, a 24-hour concierge and two drivers’ rooms beside the cars in the garage.
Each of these apartments also has five private parking spaces; The tower has a spa that could only be found in five-star hotels. Oh, it also has private lift access – you see it’s the little things in life that make all the difference.
So now we know what’s outside the door, what do you get from a whole floor of an apartment block?
In fact you get exactly 15,716 square feet of space, 6 bedrooms, 7 bathrooms, 4 reception rooms, a private cinema and a study.
You’ll also get a terrace offering views only birds usually have and staff accommodation.
The fixtures and fittings are of a quality one would expect from such a residence. All tiles are made from Italian marble, whether wall or floor, and the other floors are hardwood.
The kitchen has state-of-the-art appliances and enough room for a family to breakfast, brunch and dinner without moving far.
The fact that Le Rêve is located where it is and its top apartments take up a full floor gives means panoramic views of Palm Jumeirah, Dubai Marina and the sun-drenched, dancing-blue ripples of the Arabian Gulf.
q&a still the right time to buy high?
Gregory Lewis, senior negotiator with Knight Frank tells us more about the property:
You mentioned celebrities living in Le Rêve?
Well Roger Federer has a place there and Fernando Alonso, the ex Formula 1 World Champion, so I’d avoid the gym unless you want to feel slightly inadequate.
Why would I spend Dh59 million when the property market is slowing down. It said in The National only last week that prices in Dubai Marina had fallen 18 per cent?
Well I could say don’t believe everything you read in the newspapers, but I won’t. We have seen with prime- and super-prime properties that there has been no softening in the market. In fact the market has arguably picked up. We usually sell one property a month in Emirates Hills (which is similarly priced), but this year we are selling nearly two properties a month. Only last week we sold two villas – one for Dh78 million and one at Dh155m. The main point is that the rich still have money and these properties do not come on the market very often, so the market is buoyant.
Dubai Marina must be a special place?
Yes and no, the building of the tram route through the middle of it made living there fairly unbearable with constant delays, traffic lights and changing routes. However Le Rêve is insulated from the tram as it has its own service road to avoid the snarled up traffic. However for metropolitan living there are few places like it with the Walk, The Beach and the new island Dubai Eye coming online.
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