Binghatti Properties, a private developer, is actively engaging with prospective buyers for the sale of Dubai’s most expensive penthouse, according to the company’s CEO.
The Sky Mansion Penthouse, part of the Bugatti Residences by Binghatti, made headlines when it was listed at a staggering price of AED 750 million in mid-2023. It has since become the highest-priced penthouse on Dubai’s real estate market.
Muhammad Binghatti, CEO of Binghatti Properties, revealed, “We’ve had very serious talks, and there is a lot of interest. We are very keen for this to remain the most exclusive and high-priced penthouse in the market.”
The Bugatti Residences by Binghatti is a 46-story ultra-luxury development, offering Sky Mansion Penthouses spanning the top 11 floors. What sets these penthouses apart is the unique feature allowing owners to drive their super-luxury vehicles directly to their apartments, with each penthouse occupying an entire floor.
This development comes after a penthouse in Palm Jumeirah was sold for AED 500 million in November 2023, setting a record for the highest-priced unit in its category in the emirate. Covering 21,949 square feet, the five-bedroom Como Residences penthouse boasts a home automation system and exclusive private elevator access.
In January, Dubai witnessed the listing of its largest penthouse for sale, priced at AED 600 million. The Super Penthouse R1, spanning the top three levels and the rooftop of the Raffles The Palm Dubai Residences, offers a total built-up area of 77,707 square feet.
Binghatti Properties recently introduced another branded residence, Mercedes-Benz Places, marking its third branded project after Bugatti Residences by Binghatti and Burj Binghatti Jacob & Co.
The project also features a duplex and a triplex, with Muhammad declining to disclose the price of the three-floor triplex in the newly-launched Mercedes-Benz Place. Industry experts suggest that this triplex may become one of the most expensive penthouses in the market, if not the costliest.
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