The Middle East’s Most Expensive Penthouse: Bugatti Residences Finalizes Historic AED 550M Deal in Dubai

Photo Credit: Bugatti Residences by Binghatti

Dubai has once again redefined the global luxury real estate benchmark with the record-breaking sale of the Middle East’s most expensive penthouse at Bugatti Residences by Binghatti, valued at an unprecedented AED 550 million. The landmark transaction not only establishes a new all-time record for Dubai but also achieves the highest price per square foot ever recorded in Business Bay, reaching AED 11,650 per sq. ft., underscoring the emirate’s continued dominance in ultra-luxury property markets.

A World Record Transaction in Dubai’s Luxury Property Market

The historic sale was concluded by Abdullah Binghatti, Chief Sales Officer of Binghatti, marking a defining moment for the region’s high-end residential sector. Spanning an extraordinary 47,200 square feet, the penthouse stands as a rare offering even by global ultra-luxury standards, reflecting the exceptional demand for branded, design-led residences in Dubai’s prime urban districts.

This transaction further solidifies Business Bay’s emergence as a premier address for elite global buyers, while reinforcing Dubai’s reputation as a city capable of setting—and surpassing—world records in real estate valuation and architectural ambition.

Binghatti’s Market Leadership and Strategic Growth

Commenting on the achievement, Chairman Muhammad Binghatti highlighted the company’s dominant performance across Dubai’s real estate landscape, noting that year-to-date sales have exceeded 14,000 units, placing Binghatti at the number-one position in the city’s market rankings. According to the latest Dubai Land Department data, the developer has now risen into the top three real estate players in Dubai, commanding a significant share of both private and public sector development activity.

This sustained growth reflects Binghatti’s focused strategy on architectural distinction, premium locations, and partnerships that resonate with the world’s most discerning investors and homeowners.

The World’s First Bugatti-Branded Residential Development

Bugatti Residences by Binghatti represents a milestone in global branded living as the world’s first residential project inspired by the iconic Bugatti marque. Designed to merge French art de vivre with Dubai’s dynamic metropolitan energy, the development introduces a new category of lifestyle real estate tailored to ultra-high-net-worth individuals seeking privacy, prestige, and bespoke living experiences.

Located in the heart of Business Bay, the project offers seamless access to Dubai’s major landmarks, financial districts, and cultural hubs, positioning it as a strategic residence for international elites who demand both exclusivity and connectivity.

Photo Credit: Bugatti Residences by Binghatti

A Magnet for Global Icons and Elite Buyers

The exceptional appeal of Bugatti Residences is further demonstrated by its roster of high-profile homeowners, which includes global figures such as Neymar Jr., Andrea Bocelli, and Aymeric Laporte. Their association with the project reinforces its status as one of the most exclusive residential addresses not only in Dubai, but worldwide.

Redefining the Uppermost Tier of Luxury Living

With its ultra-luxury residences, signature Sky Mansion penthouses, and world-first features focused on privacy, personalization, and elevated amenities, Bugatti Residences by Binghatti continues to set new standards at the very top of Dubai’s property market. The AED 550 million penthouse sale stands as a powerful testament to the city’s global appeal, the strength of branded real estate, and Binghatti’s commitment to delivering architectural icons that push the boundaries of innovation and exclusivity.