Dubai’s luxury real estate market has reached a new milestone with the sale of a Dh550 million penthouse at Bugatti Residences by Binghatti, marking the most expensive penthouse transaction in the Middle East.
Key Highlights:
- Dh550 million penthouse sold at Bugatti Residences by Binghatti in Business Bay
- Most expensive penthouse sale ever recorded in Dubai and the Middle East
- Expansive 47,200 sq ft residence achieved a record Dh11,650 per sq ft in Business Bay
- Transaction reinforces Dubai’s global standing as a prime luxury property destination
- Bugatti Residences attracts high-profile buyers, including global celebrities and athletes
- Branded residences in Dubai command strong premiums and long-term investment appeal
- Binghatti ranks among Dubai’s top three developers by sales volume, per DLD data
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