Dubai Records $150M Sale of Most Expensive Penthouse in the Middle East

Dubai has set a new record for the most expensive penthouse sale in the Middle East, selling for 550 million dirhams (approximately $150 million) at Bugatti Residences. This sale, facilitated by Binghatti Chief Sales Officer Abdullah Binghatti, achieved the highest price per square foot in Dubai’s Business Bay at 11,650 dirhams ($3,172). The ultra-luxury penthouse spans 47,200 square feet and features bespoke amenities, attracting global figures like Neymar Jr. and Andrea Bocelli. Binghatti Holding Limited, a leading developer with over 80 projects, emphasizes Dubai’s status as a luxury real estate hub.

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