While on one hand, real estate prices in Dubai seem to be coming down, one flat in La Rêve, a 50-storey tower, is available for AED75 million.
With two living rooms, five bedrooms and a 500 sq ft terrace, it's not even the largest flat in the building. Close to the American University of Dubai and the Emirates Golf Club and the Dubai International Marine Club, homeowners in the vicinity have no shortage of amenities.
Most of the house is made from marble while the bathroom has a jacuzzi and a sauna; the two are joined by a glass wall. Everything is open plan: bedrooms double as offices, and the living rooms merge in long stretches of abstract, Swedish couches and tables. Windows wrap around the edge of the apartment, which is on its own floor, so residents have views out of every room. And, of course, the driver and the maid have their own rooms.
La Rêve was designed by the architects behind the Burj Al Arab, and houses some of the emirate's most expensive apartments.
According to David Lawes, senior residential consultant at Better Homes, "In this building, there’s a certain calibre of people. The very richest like to be among themselves: that’s where these people want to buy. You could buy a penthouse, and everyone around you would be in one bedroom flats and studios. But this is an elite building ... It’s for a high-end buyer. In the parking garage, I walked past a Bentley with an inch of dust on that had been sitting there for two years. Next to it there was a Rolls-Royce. It’s those kind of people who are buying properties in this building."