Dubai’s Pentominium Tower Sold For $100 Billion, Set to Be World’s Tallest Residential Skyscraper

Dubai-based real estate developer, Select Group, has successfully acquired the Pentominium Tower, poised to become the world’s tallest residential high-rise skyscraper upon completion. Situated in Dubai Marina, the project encountered setbacks during the 2008 global financial downturn, leading to its suspension. Earlier this year, the development underwent auction via the Dubai Courts approved administration process through Emirates Auction. After a competitive bidding process featuring 46 bids, Select Group emerged victorious with a $100-million bid for the project.

While the specifics regarding the height and number of floors for the tallest residential tower remain undisclosed, it is anticipated to surpass other prominent structures like Central Park Tower, 111 West, Park Avenue 432, and Marina 101. Notably, in the UAE, Marina 101 currently holds the distinction of being the tallest tower after Burj Khalifa, soaring to a height of 1,394 feet or 425 meters.

Rahail Aslam, CEO and founder of Select Group, expressed excitement about securing this exceptional opportunity to develop an ultra-high-rise residence in the popular Dubai Marina, in proximity to Palm Jumeirah, Emaar Beachfront, and JBR. The company aims to ensure the successful completion of this iconic architectural marvel, setting a new standard for residential skyscrapers globally.

Collaborating with engineering consultancy WSP, architectural firm Woods Bagot, and interior design firm Mitchell & Eades, Select Group envisions the creation of a super slender tower that not only aims to surpass many renowned residential developments in height but also occupies one of the last available plots in Dubai’s bustling Marina precinct. Mark Farley, Managing Director – Property & Buildings at WSP Middle East, highlighted the tower’s significance as a landmark in Dubai’s dynamic skyline.