Dubai’s ultra-luxury property market is witnessing a remarkable transformation, with penthouses emerging as the preferred choice among the world’s wealthiest buyers. According to recent research data, penthouses now account for one in five homes listed for sale above Dh50 million, significantly outpacing villas and duplexes in the same elite price bracket. This trend underscores a paradigm shift in luxury living preferences, as sky-high residences redefine Dubai’s real estate narrative. The findings, released on Monday, highlight the growing allure of penthouses as the ultimate ‘trophy asset,’ combining exclusivity, panoramic views, and hotel-style amenities. eXp Dubai’s analysis reveals that 19.6% of properties priced above Dh50 million are penthouses, compared to just 4.3% for villas and 4.8% for duplexes. Dounia Fadi, Managing Director of eXp Dubai, noted that buyers are increasingly drawn to properties that offer privacy, architectural ambition, and a connection to Dubai’s iconic skyline. Developers are responding to this demand by designing high-rise projects with expansive penthouse offerings, often featuring bespoke interiors and multi-floor layouts. Industry experts predict that this focus on vertical luxury will continue, driven by land scarcity in prime neighborhoods and the city’s transformation into a global financial and cultural hub. Vidhyadharan Sivaprasad, Chairman of Condor Developers, emphasized that owning a penthouse in Dubai is now a statement of global sophistication and identity. With flexible residency rules, tax advantages, and world-class architecture, Dubai has cemented its position as a long-term lifestyle destination for ultra-wealthy investors. As the city’s skyline continues to evolve, penthouses have decisively climbed to the top of the luxury real estate hierarchy.