The previously undisclosed buyer behind one of Dubai’s most significant real estate transactions has now been confirmed. Ugur Akkus, the U.S.-based Turkish entrepreneur and Chairman of A&S Investment Holding, has acquired the signature penthouse at Como Residences on Palm Jumeirah—an asset widely regarded as one of the most exclusive residential properties in the region.

The transaction, valued at approximately $130–$136 million, represents one of the largest single-unit residential purchases recorded in Dubai to date. It also stands among the most substantial international property investments ever made by a Turkish citizen, reinforcing the growing global influence of Türkiye’s high-net-worth investor class.

Positioned within Dubai’s newest architectural landmark, the penthouse delivers an exceptional blend of scale, design, and privacy. It features five expansive bedrooms, a private panoramic terrace with 360-degree views of the Arabian Gulf, and a dedicated swimming pool integrated into the upper structure, offering residents an elevated lifestyle experience unmatched in the region.

According to individuals familiar with the matter, Akkus acquired the residence as a personal gift for his family, adding a meaningful dimension to an already high-profile acquisition. This gesture underscores his personal commitment to long-term international asset diversification and premium lifestyle investment.

Akkus, whose net worth is estimated at $5.5 billion, has established himself as one of Türkiye’s most prominent business leaders. Through A&S Investment Holding, he oversees a diversified portfolio spanning banking and finance, real estate development, construction, energy, mining, information technology, tourism, and retail. The holding’s operations across multiple markets have positioned Akkus as a key figure in global cross-sector investment strategies.

For Dubai, the acquisition further validates the emirate’s continued ascent as a preferred global destination for ultra-luxury property buyers. With strong international demand and a maturing premium residential sector, Dubai remains one of the most stable and attractive investment environments for global high-net-worth individuals seeking both value preservation and elevated lifestyle offerings.

Akkus’s selection of Como Residences aligns with the project’s reputation for architectural prestige, exclusivity, and proximity to Dubai’s core business, leisure, and waterfront districts—positioning it as one of the most desirable addresses in the city’s evolving luxury landscape.