Middle East’s priciest penthouse sold for Dh550M in Dubai
Dubai has recorded a historic milestone in its luxury property market with the sale of a Dh550 million penthouse at Bugatti Residences by Binghatti.
The 47,200 sq.ft ultra-luxury home is now the most expensive penthouse ever sold in the Middle East and has set a new benchmark for Business Bay with the highest price per square foot at Dh11,650.
The record-breaking deal highlights sustained global demand for branded residences in Dubai and strengthens Binghatti’s position among the city’s top real estate developers, as ultra-prime properties continue to attract international high-net-worth buyers.