Binghatti Sets New Global Record With AED 550 Million Penthouse Sale at Bugatti Residences
Dubai’s luxury real estate market has reached an unprecedented milestone as Binghatti announced the sale of the most expensive penthouse ever transacted in Dubai and the Middle East. Valued at AED 550 million, the record-breaking deal took place at the iconic Bugatti Residences by Binghatti, establishing a new benchmark for ultra-prime living in the region.
The historic transaction was finalized by Binghatti’s Chief Sales Officer, Abdullah Binghatti, and has set a new world record for price per square foot in Business Bay, reaching an extraordinary AED 11,650 per sq.ft. This achievement underscores the continued strength of Dubai’s high-end property sector and the escalating global demand for branded luxury residences.
A Milestone Moment for Dubai’s Luxury Market
Chairman Muhammad Binghatti highlighted the company’s exceptional performance in 2025: “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. 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.”
The sale of the 47,200 sq.ft penthouse is a testament to the unmatched demand for Bugatti Residences, the world’s first Bugatti-branded residential development. With its ultra-exclusive positioning and limited collection of Sky Mansions, the tower represents the pinnacle of architectural innovation, lifestyle curation and brand-led luxury real estate.
Home to Global Icons
Bugatti Residences has already attracted international celebrities and global high-net-worth individuals seeking privacy, exclusivity and world-class design. Among its renowned buyers are football legend Neymar Jr., celebrated tenor Andrea Bocelli and international footballer Aymeric Laporte. Their presence further elevates the development’s prestige and global allure.
Crafted for ultra-wealthy residents who demand more than luxury, Bugatti Residences blends the refinement of French art de vivre with Dubai’s dynamic urban lifestyle. Located in the heart of Business Bay, the tower offers exceptional proximity to major landmarks, business districts and leisure destinations, making it a preferred address for elite global investors.
Redefining Ultra-Luxury Living
The development features bespoke amenities, extreme levels of privacy and signature design elements inspired by Bugatti’s heritage of craftsmanship and performance. Its Sky Mansion penthouses represent a new category of ultra-luxury real estate, designed to deliver unparalleled living experiences with expansive layouts, panoramic views and custom interiors.
Reinforcing Dubai’s Global Position
This landmark sale further strengthens Dubai’s reputation as one of the world’s leading destinations for luxury real estate investment. The city continues to attract high-net-worth individuals seeking secure, innovative and architecturally distinctive properties, supported by the emirate’s stable regulatory environment and global connectivity.
Binghatti’s latest achievement reinforces its commitment to pushing the boundaries of design, exclusivity and innovation. As the developer continues to deliver projects that redefine luxury living, Bugatti Residences stands as a powerful symbol of Dubai’s ascent in the global property landscape.
