In a move that has captured significant attention across international investment markets, U.S.-based Turkish businessman Ugur Akkus has emerged as the mystery buyer behind Dubai’s headline-making penthouse sale at Como Residences, Palm Jumeirah. The acquisition, priced between $130 million and $136 million, now stands as one of the highest-value residential transactions in the Middle East.
The penthouse, located in one of Dubai’s most architecturally striking towers, boasts world-class amenities, including expansive living spaces, a private rooftop pool, and unobstructed 360-degree views of the Arabian Gulf. The purchase marks the largest property investment ever recorded by a Turkish citizen on the global stage.
Akkus’s financial reach is substantial. Estimated by Forbes Middle East to hold a fortune of approximately $5.5 billion, he ranks among Turkey’s richest business leaders. Through A&S Investment Holding, a diversified conglomerate active in banking, finance, real estate, construction, energy, mining, and technology, Akkus has expanded his influence across multiple international markets.
Sources close to the deal indicate that the penthouse was acquired as a personal gift for his family, further illustrating the businessman’s commitment to combining strategic investments with generational luxury.
This milestone transaction reinforces Dubai’s reputation as a preferred destination for ultra-high-net-worth investors and highlights the strategic ambitions of Turkey’s global business elite.
