Industry News & Insights

13 Feb 2025

Dubai Land Department Registers $32 Million Sky Palace Sale at The Rings by PMR

Dubai Land Department Registers $32 Million Sky Palace Sale at The Rings by PMR

Dubai’s ultra-luxury real estate sector continues to flourish as PMR Property secures the sale of an exclusive Sky Palace within its prestigious development, The Rings, officially recorded by the Dubai Land Department (DLD). The latest transaction, valued at $32 million (AED 116 million), further cements Dubai’s status as a premier destination for high-end living.

The Rings: An Elite Sanctuary

Nestled along the Dubai Water Canal, adjacent to Mr. C Residences and Four Seasons Private Residences, The Rings is a collection of 12 ultra-exclusive residences spread across two distinct buildings. Designed for unparalleled privacy and luxury, each residence features:

  • A private swimming pool
  • A private gym
  • A private climate-controlled garage
  • A private elevator
  • A private landscaped garden
  • A private cinema

With an expansive 8-meter double-height living area, residents enjoy 180-degree panoramic views of Dubai’s iconic skyline, including Burj Khalifa, Burj Al Arab, the Gulf Sea, and the Dubai Water Canal.

A Masterpiece of Architectural Excellence

Designed by the world-renowned architectural firm Foster + Partners, The Rings seamlessly merges elegance with functionality. The development also features artistic elements by acclaimed Emirati artist Mattar Bin Lahej, known for his signature calligraphic work at the Museum of the Future, adding a cultural and artistic dimension to the project.

Refined Interiors with Exclusive Italian Brands

PMR Property has meticulously curated an ultra-luxury experience by incorporating premium Italian brands, including:

  • Antonio Lupi for sophisticated bathrooms
  • Poliform for bespoke kitchens and wardrobes
  • Gaggenau for state-of-the-art kitchen appliances

These high-end fittings, sourced through Obeji Home, ensure a seamless blend of style, innovation, and craftsmanship, elevating The Rings into a league of its own.

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