Dubai Sets Record with Sale of Apartment for 550 Million Dirhams
December 13, 2025971 ViewsRead Time: 1 minutes
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Dubai's real estate market has reached a new milestone today, Friday, with the sale of the most expensive apartment in the emirate's history, valued at 550 million dirhams, located in the Business Bay area.
Details of the Apartment and Project
The apartment is part of the "Bugatti Residences" development by Binghatti Real Estate, encompassing an area of 47,200 square feet, which equates to approximately 11,650 dirhams per square foot.
New Record
This transaction surpasses the previous record established in November 2023, when a penthouse in the Como Residences project on Palm Jumeirah sold for 500 million dirhams, making this apartment the highest-priced in Dubai's history.
Rising Demand for Luxury Properties
The recent sale underscores the increasing demand for luxury properties in Dubai, driven by heightened investments in upscale residential projects and distinctive living communities.
Details of the Apartment and Project
The apartment is part of the "Bugatti Residences" development by Binghatti Real Estate, encompassing an area of 47,200 square feet, which equates to approximately 11,650 dirhams per square foot.
New Record
This transaction surpasses the previous record established in November 2023, when a penthouse in the Como Residences project on Palm Jumeirah sold for 500 million dirhams, making this apartment the highest-priced in Dubai's history.
Rising Demand for Luxury Properties
The recent sale underscores the increasing demand for luxury properties in Dubai, driven by heightened investments in upscale residential projects and distinctive living communities.
