Dubai actual property developer Binghatti has introduced the sale of the costliest penthouse ever bought within the metropolis for AED550m ($150m) at Bugatti Residences by Binghatti.
The record-breaking deal was concluded by Binghatti’s Chief Gross sales Officer Abdullah Binghatti and units a brand new benchmark for Dubai’s property market.
The transaction additionally achieved the best value per sq. foot ever recorded in Enterprise Bay, reaching AED11,650 per sq ft ($3,172).
Bugatti Residences by Binghatti penthouse in Dubai
Chairman Muhammad Binghatti mentioned: “Yr thus far, we have now achieved the number-one place in Dubai’s actual property market, with greater than 14,000 items bought, surpassing each private and non-private friends.
“As Dubai’s fastest-growing actual property participant, Binghatti has now risen into the highest three builders within the metropolis, commanding a major share of the market in accordance with the most recent Dubai Land Division figures. These outcomes replicate the power of our technique and the belief our purchasers place in our imaginative and prescient.”
Spanning 47,200sq ft, the ultra-exclusive penthouse underscores demand for Bugatti Residences by Binghatti, the world’s first Bugatti-branded residential improvement.
The challenge has already attracted a roster of world names, with soccer famous person Neymar Jr, Italian tenor Andrea Bocelli, and worldwide footballer Aymeric Laporte amongst those that have bought residences inside the improvement.
Positioned within the coronary heart of Enterprise Bay, the event provides direct entry to town’s key enterprise districts and landmarks, positioning it as a vacation spot for patrons in search of status, privateness, and safety.
With ultra-luxury houses, signature Sky Mansion penthouses, and world-first options providing distinctive privateness and bespoke facilities, Bugatti Residences continues to form the higher tier of Dubai’s luxurious property market.
The file sale additional reinforces Dubai’s standing as a worldwide capital for luxurious actual property whereas highlighting Binghatti’s technique of delivering architectural icons that push the boundaries of exclusivity and scale.
