Dubai's most expensive penthouse sold in May for AED 122m
Sales of luxury properties in Dubai rose to new heights in May, with a four-bedroom penthouse at Bvlgari Resort & Residences taking centre stage. The 12,113 sq. ft. luxury apartment has sold for a record AED 122 million, making it the most expensive ready penthouse in Dubai's real estate history.
The apartment features unparalleled views of the Dubai skyline and Bvlgari Marina, as well as its sophisticated Bvlgari design in terms of timeless elegance. It was sold by the Driven Properties team following a series of record sales by the company, including the most expensive plot of land, the best-selling townhouse, and the highest price per square foot.
Abdullah Al Ajaji, Founder and Chairman of Deven Real Estate, said: "Dubai once again confirms that it is one of the most active markets in the world, with no signs of slowing down. Bvlgari Resort & Residences has excelled in meeting all the requirements in this area, especially in terms of the highest degree of privacy offered by this project, not to mention its impeccable location and quality."
Occupying part of the magnificent coastline of Jumeirah Bay, Bvlgari Resort & Residences is a contemporary oasis inspired by a unique Mediterranean atmosphere. The project is the largest destination of all Bvlgari, in addition to its maritime atmosphere, as it includes the first marina and yacht club signed by Bvlgari, which is one of the most sought-after destinations in Dubai.