Transaction marks highest penthouse sale ever recorded in Dubai and the region

A penthouse at Bugatti Residences by Binghatti has sold for Dh550 million, setting a new record as the most expensive penthouse transaction ever completed in Dubai and the Middle East. The sale establishes a new benchmark for ultra-premium residential pricing in the region and signals continued depth at the top end of Dubai’s property market.

The transaction also set a record price per square foot in Business Bay, reaching Dh11,650, according to details associated with the sale.

Record Transaction in Business Bay

The penthouse spans 47,200 square feet and sits atop Bugatti Residences by Binghatti in Business Bay, one of Dubai’s most prominent mixed-use districts. The scale and pricing of the deal place it among the most significant residential transactions completed in the city to date.

Executed under the direction of Abdullah Binghatti, Chief Sales Officer, the sale reflects the growing concentration of ultra-high-net-worth activity within select branded developments across Dubai.

Bugatti Residences: A First-of-Its-Kind Branded Project

Bugatti Residences by Binghatti holds a unique position in the global property market. It is the world’s first Bugatti-branded residential development, combining automotive brand identity with high-end residential design.

The project has attracted a number of internationally recognised figures, including Neymar Jr., Andrea Bocelli, and Aymeric Laporte, reinforcing its status as a global luxury address rather than a purely local offering.

Architecturally, the development blends French art de vivre influences with Dubai’s contemporary urban context. The design emphasises privacy, exclusivity, and direct access to key districts, while maintaining proximity to Downtown Dubai and major commercial corridors.

Binghatti’s Market Position

Commenting on the broader performance of the company, Muhammad Binghatti, Chairman of Binghatti, said the developer has achieved the number-one position in Dubai’s real estate market year-to-date, with more than 14,000 units sold, according to Dubai Land Department figures.

He noted that Binghatti has now moved into the top three developers in Dubai by market share, surpassing both public and private competitors. The chairman attributed this performance to strategic positioning and sustained buyer confidence.

What the Sale Signals for Dubai’s Luxury Market

The Dh550 million penthouse sale highlights continued momentum in Dubai’s ultra-premium residential segment, particularly within branded and architecturally distinctive developments. While broader market cycles remain subject to global economic conditions, demand at the very top of the market continues to show resilience.

Business Bay, traditionally viewed as a commercial hub, is increasingly hosting record-breaking residential transactions, indicating a shift in how prime residential value is distributed across the city.

FAQ

What is the sale price of the Bugatti Residences penthouse?

The penthouse sold for Dh550 million, making it the most expensive penthouse ever sold in Dubai and the Middle East.

Where is Bugatti Residences by Binghatti located?

Bugatti Residences by Binghatti is located in Business Bay, Dubai.

Why is this penthouse sale significant?

The sale set two records: the highest penthouse price in the region and the highest price per square foot in Business Bay, at Dh11,650.

How large is the penthouse at Bugatti Residences?

The penthouse spans approximately 47,200 square feet.

Is Bugatti Residences a branded development?

Yes. Bugatti Residences by Binghatti is the first Bugatti-branded residential project in the world.