Dubai Penthouse at Bugatti Residences Sets Middle East Price Record at Dh550 Million

Dubai’s luxury property market has reached a new milestone with the sale of a penthouse at Bugatti Residences by Binghatti for a staggering Dh550 million. The transaction marks the highest amount ever paid for a penthouse in Dubai and across the Middle East, setting a fresh benchmark for ultra-premium real estate.

The deal, executed under the leadership of Abdullah Binghatti, Chief Sales Officer of Binghatti, also established a new price-per-square-foot record in Business Bay at Dh11,650. Industry observers say the sale reflects Dubai’s rising influence among the world’s top luxury property destinations.

Spanning approximately 47,200 square feet, the penthouse sits atop Bugatti Residences by Binghatti, the world’s first residential project branded by the iconic French luxury marque. Designed to merge French art de vivre with Dubai’s contemporary urban energy, the development offers expansive private spaces, bespoke amenities, and close proximity to major lifestyle and business hubs.

The project has already attracted international attention, counting global celebrities such as football star Neymar Jr., opera legend Andrea Bocelli, and footballer Aymeric Laporte among its high-profile buyers. Their presence has further elevated the project’s status within the global luxury housing market.

Commenting on the broader performance of the company, Binghatti Chairman Muhammad Binghatti said the developer has emerged as the top performer in Dubai’s real estate market year to date, with over 14,000 units sold. He noted that Binghatti has now entered the top three developers in the city by market share, according to Dubai Land Department data, underscoring strong buyer confidence in the brand.

Real estate experts believe the record-breaking sale signals sustained momentum in Dubai’s ultra-luxury segment, driven by international investors seeking exclusivity, long-term value, and lifestyle-led living. With its Sky Mansion penthouses and distinctive architectural identity, Bugatti Residences is increasingly seen as a symbol of how Dubai continues to push the boundaries of high-end residential living.