Dubai sells last two penthouses at Bulgari Lighthouse for Dhs282 million
Dubai's luxury real estate market continues to thrive, reinforcing the emirate's status as one of the world's strongest and most resilient high-end residential markets.
Driven Properties has completed the sale of the final two penthouses at the Bulgari Lighthouse on Jumeirah Bay Island for a combined total of over Dhs 282 million. The first five-bedroom unit, spanning 11,657 square feet, sold for Dhs 146.6 million, while the second unit fetched Dhs 136.25 million.
In April alone, Dubai recorded a staggering Dhs 62.4 billion in real estate transactions—a 95% year-on-year increase—largely fueled by demand for prime waterfront properties.
Industry analysts anticipate that major deals will continue to set new benchmarks through 2025, driven by sustained demand and a limited supply of luxury residences.
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Gulf Today
a day ago
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Dubai sells last two penthouses at Bulgari Lighthouse for Dhs282 million
Dubai's luxury real estate market continues to thrive, reinforcing the emirate's status as one of the world's strongest and most resilient high-end residential markets. Driven Properties has completed the sale of the final two penthouses at the Bulgari Lighthouse on Jumeirah Bay Island for a combined total of over Dhs 282 million. The first five-bedroom unit, spanning 11,657 square feet, sold for Dhs 146.6 million, while the second unit fetched Dhs 136.25 million. In April alone, Dubai recorded a staggering Dhs 62.4 billion in real estate transactions—a 95% year-on-year increase—largely fueled by demand for prime waterfront properties. Industry analysts anticipate that major deals will continue to set new benchmarks through 2025, driven by sustained demand and a limited supply of luxury residences.
Zawya
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Driven Properties buys final Bulgari Lighthouse units for $77mln
UAE - Driven Properties, a member of the Forbes Global Properties network, has announced that it has completed the sale of the last two penthouses at the Bulgari Lighthouse on Jumeirah Bay Island in Dubai for a combined amount of more than AED282 million ($77 million). The first five-bedroom residence, spanning 11,657 sq ft, reached a whopping AED146.6 million, while the second, achieved AED136.25 million, said the company in a statement. Designed by Italian architects Antonio Citterio and Patricia Viel, Bulgari Lighthouse blends contemporary engineering with Mediterranean calm. A coral-inspired façade shields each home while framing uninterrupted views of the Arabian Gulf and Downtown's skyline, it stated. The transactions were brokered by Driven | Forbes Global Properties' Lina Allaoa and Kianoush Darban, founders of The Private Collection, the brokerage's specialist team for ultra-high-end property. The duo is well known for setting several records in the area, from the highest price per sq ft, to the most expensive villa in Jumeirah Bay Island. Terraces flow into private infinity pools, and double-height salons are finished in Italian marble, warm oak and hand-laid silk panelling, said the company. A combination of location, craftsmanship and privacy that has made Lighthouse one of the most wanted addresses in Dubai's ultra-prime market, it added. "Dubai offers our international clients two things they value most: a secure place to allocate their capital and an unbeatable way of life. Bulgari Lighthouse unites those advantages in a single address, blending sound investment with everyday opulence," remarked Allaoa. On the strategic deal, Darban said: "Scarcity drives value. With fewer than 40 residences in the tower, and amenities that rival a private resort, Lighthouse is arguably the most coveted address in Dubai." Every detail of Bulgari Lighthouse, from its infinity pool to lush Mediterranean gardens, is run by the neighboring Bulgari Resort, ensuring a highly private, tailored experience complete with a concierge who can arrange everything from sunset-lawn gatherings to a signature chef's meals, he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Khaleej Times
3 days ago
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Dubai: Final Bulgari Lighthouse penthouses sold for over Dh282 million
Dubai's ultra-luxury property market shows no sign of cooling, as the last two penthouses at the Bulgari Lighthouse on Jumeirah Bay Island for a combined amount of more than Dh282 million. The first five-bedroom residence, spanning 11,657 sq ft, reached a whopping Dh146.6 million, while the second, achieved Dh136.25 million. Designed by Italian architects Antonio Citterio and Patricia Viel, Bulgari Lighthouse blends contemporary engineering with Mediterranean calm. Every detail of Bulgari Lighthouse is run by the neighbouring Bulgari Resort. The transactions were brokered by Driven | Forbes Global Properties' Lina Allaoa and Kianoush Darban, founders of The Private Collection, the brokerage's specialist team for ultra-high-end property. The duo is well known for setting several records in the area, from the highest price per square foot, to the most expensive villa in Jumeirah Bay Island. 'Dubai offers our international clients two things they value most: a secure place to allocate their capital and an unbeatable way of life. Bulgari Lighthouse unites those advantages in a single address, blending sound investment with everyday opulence,' said Lina Allaoa. Kianoush Darban added, 'Scarcity drives value. With fewer than 40 residences in the tower, and amenities that rival a private resort, Lighthouse is arguably the most coveted address in Dubai.' Their success mirrors the broader market: Dubai logged a record Dh62.4 billion in property transactions this April, up 95 per cent year-on-year, driven largely by trophy waterfront assets. Analysts expect headline deals to keep setting new benchmarks through 2025 as supply of genuine ultra-prime stock remains limited.
