Dubai, UAE – A new milestone has been achieved in the region’s luxury real estate sector, as Binghatti proudly announces the sale of the most expensive penthouse in Dubai and the Middle East. Valued at AED 550 million, this historic transaction was concluded by Binghatti’s Chief Sales Officer Abdullah Binghatti, setting a new world record for Dubai’s real estate market. The sale also achieved the highest price per square foot ever recorded in Business Bay, reaching AED 11,650 per sq.ft.
Chairman Muhammad Binghatti commented on this achievement, stating, “Year to date, we have achieved the number-one position in Dubai’s real estate market, with more than 14,000 units sold, surpassing both public and private peers. As Dubai’s fastest-growing real estate player, Binghatti has now risen into the top three developers in the city, commanding a significant share of the market according to the latest Dubai Land Department figures. These results reflect the strength of our strategy and the trust our clients place in our vision.”
The penthouse, spanning an extraordinary 47,200 sq.ft, is part of the iconic Bugatti Residences by Binghatti, the world’s first Bugatti-branded residential development. The project has already attracted several global icons, including football superstar Neymar Jr., Italian tenor Andrea Bocelli, and international footballer Aymeric Laporte, who have all purchased residences within the development.
Designed for the world’s most discerning high-net-worth individuals, Bugatti Residences combines the elegance of French art de vivre with the energy of Dubai’s metropolitan core. Located in the heart of Business Bay, the development offers unparalleled access to the city’s major landmarks and business hubs, making it a preferred destination for global elites seeking prestige, security, and elevated living.
With its ultra-luxury homes, signature Sky Mansion penthouses, and world-first features, including exceptional privacy and bespoke amenities, Bugatti Residences continues to define the uppermost tier of Dubai’s luxury property landscape.
This record-breaking sale further reinforces Dubai’s position as a global capital for luxury real estate and highlights Binghatti’s ongoing commitment to delivering architectural icons that push the boundaries of innovation and exclusivity.
