Dubai’s luxury real estate market has reached new heights in May 2023, as the sale of a 4-bedroom penthouse in the prestigious Bulgari Resort and Residences set a new record. The sprawling, full-floor 12,113 sqft property sold for a staggering Dhs122 million, becoming the most expensive ready penthouse ever sold in Dubai.
Most expensive penthouse in Dubai
The penthouse apartment is a true architectural masterpiece, boasting unparalleled views of both the stunning Dubai skyline and Bulgari Marina.
Designed in Bulgari’s signature style – contemporary and timeless, the property is a true symbol of luxury living. The record-breaking sale was made possible through the efforts of Driven Properties, which has been making waves in the Dubai luxury real estate market with a series of impressive deals.
Record-breaking property deals
Driven Properties has a reputation for handling record-breaking deals, from selling the most expensive plot and townhouse to achieving the highest price per square foot in the Dubai luxury real estate market. The sale of the Bulgari penthouse marks yet another milestone for the brokerage firm.
Pristine location
Located on the pristine coastline of Jumeirah Bay Island, Bulgari Resort and Residence is an urban oasis inspired by the unique charms of the Mediterranean.
The property, larger in scale than any other Bulgari destination, complements its maritime setting and is home to the first Bulgari Marina & Yacht Club. It is one of the most sought-after and prestigious addresses in Dubai.
“Dubai is once again demonstrating that it is one of the hottest markets in the world, with no signs of slowing down. Bulgari Resort and Residences has outperformed all other areas, and with good reason; the privacy this project offers is unparalleled, as is its location and impeccable quality,” said Abdullah Alajaji, Founder and CEO of Driven Properties.
Leila Shugri, the agent behind the sale, commented, “This latest transaction answers all questions as to the current state of the property market in Dubai – there is no doubt that it is continuing to grow, and this becomes more and more apparent every day. This deal is one of many to come in this prime area.”
Luxury real estate in Dubai
The sale of the record-breaking Bulgari penthouse is a testament to the continued growth and demand for luxury real estate in Dubai.
With its unparalleled views and exceptional design, the penthouse represents the epitome of luxury living in one of the most desirable locations in the city.
tanvir@dubainewsweek.com
