Dubai’s Most Expensive Penthouse Sells for $150m at Bugatti Residences

Dubai, UAE: Binghatti has recorded a landmark transaction in the Middle East’s ultra-luxury real estate market with the sale of the most expensive penthouse ever transacted in the region, valued at $150 million (AED 550 million), at the iconic Bugatti Residences by Binghatti in Business Bay.

The historic sale, concluded by Binghatti’s Chief Sales Officer Abdullah Binghatti, establishes a new benchmark for Dubai’s property sector. The transaction also achieved the highest price per square foot ever recorded in Business Bay, reaching $3,170 per sq ft (AED 11,650 per sq ft), underscoring the growing global appetite for rare, branded ultra-luxury residences in the emirate.

Redefining ultra-luxury living in Dubai

Spanning an exceptional 47,200 square feet, the penthouse represents one of the most exclusive residential offerings ever delivered in the Middle East. The scale of the residence, combined with its bespoke design and prime waterfront location, highlights the unparalleled positioning of Bugatti Residences by Binghatti as a global trophy asset.

Commenting on the achievement, Binghatti Chairman Muhammad Binghatti said: “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. These results reflect the strength of our strategy and the trust our clients place in our vision.”

A global address for elite homeowners

Bugatti Residences by Binghatti has already attracted an international roster of high-profile homeowners, including football superstar Neymar Jr., Italian tenor Andrea Bocelli, and international footballer Aymeric Laporte, reinforcing the project’s status as one of the most coveted addresses in Dubai.

The development blends the refinement of French art de vivre with the dynamism of Dubai’s urban core. Situated in Business Bay, it offers direct access to the city’s key business districts, lifestyle destinations, and transport links, making it a preferred choice for global ultra-high-net-worth individuals seeking privacy, prestige, and architectural distinction.

Setting new benchmarks for branded residences

As the world’s first Bugatti-branded residential project, the development introduces a new tier of ultra-luxury living through its Sky Mansion penthouses, bespoke interiors, and world-first features focused on exclusivity, security, and personalised services. Every element has been designed to reflect Bugatti’s legacy of craftsmanship and performance, translated into a residential experience.

This record-setting sale further cements Dubai’s position as a global capital for luxury real estate and reinforces Binghatti’s role in shaping the city’s skyline with architectural icons that redefine scale, value, and exclusivity at the highest end of the market.