Turkish Businessman Ugur Akkus Purchases Record-Breaking $130 Million Penthouse in Dubai
Dubai, UAE – The mystery behind one of Dubai’s most expensive real estate transactions has been revealed. The penthouse at Como Residences on Palm Jumeirah—sold for an astonishing $130–$136 million—has been purchased by Turkish businessman Ugur Akkus, Chairman of A&S Investment Holding, who currently resides in the United States.
The ultra-luxury penthouse, located on Dubai’s iconic man-made island Palm Jumeirah, stands out as one of the most exclusive properties in the region. Featuring five bedrooms, a 360-degree panoramic sea view, a private terrace, and a private swimming pool, the residence represents the pinnacle of luxury living in the emirate.
The transaction marks a historic record for both Como Residences and Dubai’s real estate market. It is also recognized as the largest international property investment ever made by a Turkish citizen.
Industry experts note that this acquisition underscores the growing global presence and financial strength of Turkish investors, highlighting Akkus’s position as one of the most influential Turkish figures in international business and luxury real estate.
Record-Breaking Sale in Dubai: A&S Investment Holding Chairman Ugur Akkus Purchases $130 Million Penthouse at Como Residences
The identity behind the record-setting real estate transaction in Dubai has been revealed. The buyer of the ultra-luxury penthouse in Como Residences, located on Palm Jumeirah, is Ugur Akkus, the U.S.-based Turkish businessman and Chairman of A&S Investment Holding.
The penthouse, situated in one of Dubai’s most prestigious developments, was sold for $130–$136 million (approximately 4–5 billion TRY). This move not only marks a new milestone in Dubai’s real estate history but also stands as one of the highest-value international property acquisitions ever made by a Turkish investor.
“It has been learned that the businessman, whose identity was initially kept confidential, Ugur Akkus, purchased this property as a gift for his family.
HOW MUCH IS UGUR AKKUS WEALTH?
Uğur Akkuş’s net worth has not been made public with an exact figure, according to Forbes Middle East Turkey’s richest list for 2023, Akkuş is one of the richest business people in Turkey. Ranked 3th, Akkuş’s fortune is known to be approximately 5.5 billion dollars. Most of Akkuş’s wealth comes from a company called A&S Investment Holding. A&S Investment Holding is a holding company operating in the banking and finance, real estate, construction, energy, mining, tourism, information technology and retail sectors. Uğur Akkuş plays an important role as the founder and CEO of this holding company. Mr. Akkuş’s success is reflected in the large gains he has made in business and investment. A&S Investment Holding’s activities and successful investments in various sectors have helped Akkuş increase his influence and wealth in the business world. Akkuş is known as one of the richest business people in Turkey with his holding and investments.
WHAT DOES UĞUR AKKUŞ DO?
Uğur Akkuş is mainly involved in his role as the founder and CEO of A&S Investment Holding, which operates in the banking and finance, real estate, construction, energy, mining, tourism, information technology, and retail sectors.
