News DeskRas Al Khaimah, UAE – Al Hamra has announced the sale of the Sky Palace at Waldorf Astoria Residences Ras Al Khaimah for USD 35.4 million (AED 130 million), marking the highest-value single-unit residential transaction ever recorded in the Emirate.
In a separate milestone transaction, the developer also completed the sale of the project’s signature penthouse for USD 15 million (AED 55 million), reinforcing Ras Al Khaimah’s growing appeal among high-net-worth buyers seeking premium, lifestyle-led homes.
Together, the two landmark sales underscore Al Hamra’s position as one of the UAE’s most trusted developers, with a proven track record in delivering luxury residential projects to international standards.
The Sky Palace, a one-of-one residence crowning the uppermost floors of the beachfront tower, spans approximately 10,000 square feet across three levels. Designed for scale, privacy and exclusivity, it offers uninterrupted views of the Arabian Gulf, the Wynn Al Marjan Island integrated resort, and the surrounding mountain landscape.
Residents of the Sky Palace enjoy access to exclusive private amenities on the 16th floor, including a residents’ lounge, library, cigar lounge and private cinema. A dedicated ferry connection provides seamless access to the Wynn Al Marjan Island resort, combining world-class leisure and entertainment with the privacy of a refined residential setting.
The signature penthouse, extending across the 19th and 20th floors, covers approximately 6,000 square feet and features 360-degree panoramic views. Designed with an emphasis on privacy and sophistication, it represents elevated coastal living in one of Ras Al Khaimah’s most distinctive waterfront developments.
Commenting on the achievement, Benoy J. Kurien, Group Chief Executive Officer of Al Hamra, said the Sky Palace reflects the company’s vision for luxury living in the Emirate, where exclusivity, quality and lifestyle converge to create long-term value.
With these record-setting transactions, Al Hamra has set a new benchmark for ultra-luxury residential development in Ras Al Khaimah, further strengthening the Emirate’s position as an emerging global lifestyle and investment destination.
