In a huge boost for Dubai's luxury real estate market, Binghatti, a major UAE developer, has announced penthouse sales totalling AED270 million ($73.5 million) at Bugatti Residences by Binghatti in Business Bay during June 2026.
The landmark transactions comprised the sale of an AED200 million penthouse and a second penthouse valued at AED70 million to international buyers, underscoring the continued demand for rare, ultra-luxury residences within globally branded developments.
These transactions follow one of Binghatti’s most notable real estate deals in the region, recorded in December 2025 with the sale of a penthouse within the same development for AED550 million – a landmark transaction recognised as the largest of its kind in Dubai and the Middle East.
The sale reflects the continued upward trajectory of Dubai’s luxury real estate market and reinforces the global standing of Bugatti Residences by Binghatti, which has attracted a distinguished roster of international personalities, including Brazilian football star Neymar Jr., Spanish footballer Aymeric Laporte, and world-renowned opera tenor Andrea Bocelli, said the developer.
Muhammad Binghatti, Chairman of Binghatti Holding, stated: “These record transactions reflect the strength and resilience of Dubai’s real estate market, and its continued ability to attract investors and high-net-worth individuals from around the world, driven by the emirate’s stable economic environment, investment-friendly regulations, and ambitious vision, which have reinforced its position as one of the world’s leading destinations for real estate investment. At Binghatti, we continue to contribute to this momentum by developing distinctive projects that elevate the standards of luxury living and cater to clients seeking exceptional and rare real estate assets. This reflects our ability to respond to the growing global demand for ultra-luxury real estate and contributes to the continued growth of the sector.”
The tower features a prime location in the heart of Business Bay and features a collection of world-class amenities and services, including an artificial beach, valet parking, a luxury spa, and a private car lift providing direct vehicle access to residences, offering an exceptional living experience that embodies the highest standards of luxury and sophistication. – TradeArabia News Service