Transactions in Dubai’s luxury real estate market hit a record high in May, with a four-bedroom penthouse at the Bulgari Resort topping the list.
The sprawling full-floor 12,113-square-foot property sold for a record AED122 million ($33.22 million), making it the most expensive ready-to-use penthouse ever sold in Dubai, according to a report.
A true architectural gem, the apartment offers stunning views of the Dubai skyline and Bulgari Marina, designed in Bulgari’s sophisticated signature style: modern yet timeless. It was sold by Driven Properties, following a series of record-breaking sales by the brokerage, from the most expensive lot and townhouse ever sold to the highest price per square foot.
“Dubai has proven once again that it is one of the hottest markets in the world and it shows no signs of slowing down. Bulgari Resort and Residences outperformed all other locations and for good reason; the privacy this project offers is unparalleled , because of its location and impeccable quality,” said Abdullah Alajaji, founder and CEO of Driven Properties.
Nestled on the pristine coastline of Jumeirah Bay Island, Bulgari Resort and Residence is an urban oasis inspired by the unique charm of the Mediterranean. Larger in scale than any other Bulgari destination, the property evokes and complements its maritime setting, and is home to the first Bulgari Marina & Yacht Club. It is one of the most popular and prestigious addresses in Dubai.
Leila Shugri, the agent behind the sale, commented: “This latest deal answers all the questions about the current state of the Dubai real estate market – there is no doubt that it continues to grow and that is becoming more and more evident every day. This sale is one of many in this prime location.” – trade arab news agency