Most Expensive Penthouse

The new penthouse of the 62-story Trump International Hotel & Tower on Palm Jumeirah in Dubai is expected to sell for $790 million

(Business week) -- Breaking property records is one thing, but when the property happens to be in Dubai, it's another ball game entirely. The AED 2.9 billion (around USD$790 million) contract for the construction of the spectacular 62 storey tall Trump International Hotel & Tower on Palm Jumeirah was announced earlier this month and with pre-sales of some properties fetching as much as $3000USD, real estate developer Nakheel and the Trump Organization expect that the tower's exclusive penthouse will break property records.

The 270 meter tall design which features two towers that merge at the 40th floor will include 378 hotel rooms and suites, 385 condominiums, 12 townhouses, 45,000 square feet of retail and 60,000 square feet of office space along with a private beach and super-marina. Public sales of the residences began on June 23 and Donald J. Trump himself has already reserved an apartment in the Tower which is expected to be completed in May 2011.