Dubai’s luxury real estate market has just hit a new milestone with a 4-bedroom penthouse in Bulgari Resort and Residences selling for a record-breaking AED122 million ($33,223,723.20 million).
The stunning property, which boasts 12,113 square feet of living space, has become the most expensive ready penthouse ever sold in Dubai.
The penthouse, which occupies an entire floor showcases Bulgari’s signature contemporary and timeless design style.
It also boasts views of both the Dubai skyline and the Bulgari Marina, making it an exceptional living space.
The property was sold by Driven Properties, following a series of record-breaking deals by the brokerage, including the most expensive plot and townhouse sold, as well as the highest price per square foot.
Dubai penthouse sold for AED122 million
Located on the Jumeirah Bay Island coastline, Bulgari Resort and Residence is a unique and highly sought-after development inspired by the Mediterranean.
It is larger in scale than any other Bulgari destination and offers residents an urban oasis complete with the first Bulgari Marina & Yacht Club in the world.
The penthouse’s sale is a testament to the growing demand for luxury real estate in Dubai, especially in exclusive developments such as Bulgari Resort and Residence.
Despite the pandemic, the city’s real estate market has remained robust, with high-end properties attracting wealthy investors from around the world.
“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 chief executive officer of Driven Properties.
With its stunning design, incredible views, and exceptional amenities, the record-breaking penthouse in Bulgari Resort and Residence has set a new benchmark for luxury real estate in Dubai, making it a truly one-of-a-kind living space.
“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,” Leila Shugri, the agent behind the sale added.
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