Luxury Dubai developers Binghatti has sold the emirate’s most expensive penthouse for $150 million. The record-setting deal demonstrates surging interest in ultra-premium homes throughout the Middle East.
A penthouse in Dubai’s ultra-exclusive Binghatti development has exchanged hands for $150 million, making it the most expensive penthouse in Dubai ever sold.
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The Bugatti Residences by Binghatti is the luxury automobile brand’s new venture – a 42-storey tower in Dubai’s Business Bay area.
Moments from the Burj Khalifa and the Dubai Mall, the serpentine structure has 171, 2-4 bedroom apartments – named ‘Riviera Mansions’ – wrapped in expansive curved balconies with private swimming pools and panoramic views of Dubai’s shifting skyline.
Delivering an ultra-concentrated shot of super prime real estate are 11 penthouses crowning the super structure.
Owners of these coveted penthouses will have speedy access via garage-to-penthouse car lifts, which will allow the owners to drive their vehicles directly into their homes.
Each of the residences draw inspiration from Bugatti’s iconic automobiles, the design essence and the aesthetic of the French Riviera, reflecting the heritage brand’s roots and philosophy.
The highest ever transaction for a Dubai penthouse sets a new benchmark for Dubai’s buoyant high-end property market, reinforcing the emirate’s status as a leader in delivering boundary-defying luxury real estate in both design and price brackets.
The record-breaking sale also achieved the highest price per square foot ever recorded in Business Bay, reaching AED11,650 per sq ft ( USD $3,172).
Bugatti Residences’ celebrity owners include Brazilian football star Neymar Santos Jr. who acquired a $54.4 million (AED 200 million) headline-grabbing penthouse in Bugatti Residences in 2024.
He will be able drive his supercar directly into the sky-mansion penthouse via a private floor-to-penthouse car lift.
The development is located in one of the best area’s of Dubai, with direct access to the city’s key business districts and landmarks, positioning it as the ultimate address for buyers seeking proximity, prestige, privacy, and security.
The Bugatti-branded tower has since attracted other high-profile names, including Andrea Bocelli and Aymeric Laporte, further anchoring its position in Dubai’s constellation of ultra-prime branded residences.
“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”, said Chairman Muhammad Binghatti.
“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.”
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