
Prince of Dubai's penthouse fails to sell in Vancouver

A luxury Canadian penthouse linked to Dubai’s royal family has failed to find a buyer after 72 days on the market, with its CA$21 million (A$23.53 million) listing now expired. The Vancouver property, located at 1011 West Cordova St., was listed in January but removed from the market in April, according to Zealty.Credit: Fairmont Pacific RimThe Canadian penthouse is owned by Leemar Investments FZE, a Dubai-based venture capital firm reportedly managed by the director general of the Office of H. H. The Crown Prince of Dubai. The 6,480-square-foot penthouse, dubbed the “crown jewel” of downtown Vancouver, boasts three bedrooms, four bathrooms, and expansive views. Sotheby’s International Realty Canada highlighted its dramatic rooftop deck and private terraces, adding 2,582 square feet of outdoor space. Despite its prestige, the property failed to attract a buyer, raising questions about Vancouver’s high-end real estate market and foreign investment trends.Credit: Sotheby’s International Realty CanadaThe penthouse is part of the Fairmont Collection, which includes four properties linked to the prince, collectively valued at over $40 million. So far, this is the only unit reported as delisted, while the status of the remaining p