Selling for nearly $1,000 a cup, a cafe in Dubai is offering the world's most expensive coffee, brewed from Panamanian beans sold at a premium price.

The wealthy emirate is known for its extravagant ventures, including an enormous mall with an indoor ski area, the world's tallest building and an artificial island dotted with five-star hotels.

"The wait is finally over," Serkan Sagsoz, co-founder of the Julith cafe with the pricey offering, said in a Facebook video . "The world's most celebrated and highest graded coffee of all time has arrived at Julith."

Located in an industrial neighborhood that has become a hotspot for coffee lovers, Julith plans to serve "around 400 cups" of the precious beverage starting on Saturday, Sagsoz told AFP.

"We felt Dubai was the perfect place for our

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