Dubai’s real estate market witnessed a historic milestone today with the sale of the most expensive apartment ever recorded in the city, valued at AED 550 million.
The ultra-luxury residence is located in the Bugatti Residences development in Business Bay, a project currently under construction by Binghatti Developers.
The apartment spans an impressive 47,200 square feet, pricing it at approximately AED 11,650 per square foot, making it one of the highest priced units in Dubai’s luxury property segment.
With this landmark transaction recorded on Friday, Dubai has officially surpassed its previous record set in November 2023, when a penthouse in Como Residences on Palm Jumeirah was sold for AED 500 million.
This new record highlights the continued strength of Dubai’s prime real estate sector and its growing appeal to global investors seeking ultra-luxury living and premium asset value in one of the world’s most dynamic property markets.
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