A four-bedroom penthouse in Bulgari Resort and Residences sold for AED122 mn, becoming the most expensive ready penthouse sold in the emirate, Invest-Gate reports.

The penthouse is spread over an entire floor of 12,113 sqft, reflecting the demand for the high-end property.

For his part, Abdullah Alajaji, Founder and CEO of Driven Properties, says, “Dubai is once again demonstrating that it is one of the hottest markets in the world, with no signs of slowing down. Bulgari Resort and Residences has outperformed all other areas, and with good reason; this project’s privacy is unparalleled, as is its location and impeccable quality.”

Leila Shugri, the Sales specialist responsible for this deal, says, “This latest transaction answers all questions about the current state of the property market in Dubai.”

Shugri adds, “There is no doubt that it continues to grow, and this becomes increasingly apparent daily. This deal is one of many to come in this prime area.”

In February 2023, the Island set another record when Dubai’s most expensive penthouse was sold for AED410 mn in Bulgari Lighthouse.

Earlier this month, a three-bedroom apartment in the Bulgari Resort and Residences was sold for AED13,543 sqm, making it the highest price sqft in Dubai, with a price tag of AED42.9 mn.

It is worth noting that Jumeirah Bay Island in Dubai, also known as the billionaire’s island, saw a massive increase in interest from the ultra-rich – particularly in the post-Covid period, with property prices on the island skyrocketing.