Dubai Sets Record with Sale of Apartment for 550 Million Dirhams

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.
