Most expensive penthouse in Dubai sold out for Dhs550m

Binghatti has announced a landmark achievement in the region's luxury real estate sector with the sale of the most expensive penthouse in Dubai and the Middle East, valued at Dhs550 million, at the iconic Bugatti Residences by Binghatti.

- Staff Reporter, Gulf Today

The historic transaction was concluded by Binghatti's Chief Sales Officer Abdullah Binghatti, setting a new world record for Dubai's real estate market and achieves the highest price per square foot ever recorded in Business Bay, reaching Dhs11,650 per sq.ft.

Commenting on the achievement, Chairman Muhammad Binghatti stated: “Year to date, we have achieved the number one position in Dubai's real estate market, with more than 14,000 units sold, surpassing both public and private peers. As Dubai's fastest-growing real estate player, Binghatti has now risen into the top three developers in the city, commanding a significant share of the market according to the latest Dubai Land Department figures. These results reflect the strength of our strategy and the trust our clients place in our vision.” Spanning an extraordinary 47,200 sq.ft, this ultra-exclusive residence stands as a testament to the unmatched demand for Bugatti Residences by Binghatti, the world's first Bugatti-branded residential development.

The development has already become home to several global icons, with football superstar Neymar Jr., Italian tenor Andrea Bocelli, and international footballer Aymeric Laporte among those who have purchased residences within the project.