Press Release: Rare Bulgari penthouse sold

Sold at AED 6,106 per sqft, the coveted Bulgari half-floor penthouse hosts marina and Dubai skyline views

29 Nov 2021, words by Aneesha Rai in Company News

Bulgari

Luxhabitat Sotheby’s International Realty is proud to announce it has closed a deal for a half-floor 6,550 sqf ft BUA penthouse at Bulgari in Jumeira Bay island for AED 40 million. Sold at AED 6,106 per square foot, the penthouse has dual views of the Dubai skyline and the marina. This year, according to Property Monitor, 23 units at the Bulgari Resorts & Residences were sold at a sales volume of AED 649 million for an average BUA of 4,660 square feet. The agent responsible for the transaction representing both buyer and seller is Honey Deylami, Associate Director of Luxhabitat Sotheby’s International Realty.

The branded development has received a considerable amount of interest from buyers with this unit being the one and only penthouse on the market that had become available for sale. Speaking on the sale, Honey said, “I am proud to announce the sale of this Bulgari penthouse. The unit was listed exclusively with me to sell it on an off-market basis and I’m happy to have facilitated this sale in less than 30 days. Of late, the Dubai real estate market is booming, with a high demand for these exclusive penthouses at Bulgari Resorts & Residences, with none currently available on the market to meet the demand. Since 2018 YOY, the average price per square foot for a unit in Bulgari Resorts & Residences has increased by 20%, based on the data by the Dubai Land Department, indicating increased buyer interest.”

Honey Deylami, Associate Director of Luxhabitat Sotheby's International Realty
Honey Deylami, Associate Director of Luxhabitat Sotheby's International Realty

With 16 years of luxury real estate experience, Honey specialises in high end penthouses and mansions in prime locations in Dubai such as Palm Jumeirah, Bulgari Resorts & Residences and Dubai Hills. She also manages her clients’ international real estate portfolios. A top performing broker at Luxhabitat Sotheby’s International Realty, Honey has been involved in several record-breaking deals on the market.

Gilded and glamorous, the attached Bulgari Resorts & Residences is one of the most coveted real estate in Dubai today, with demand far outstripping the supply. With views of the Dubai skyline straight from the apartments or villa and proximity to the private beach, the residences offer both privacy and exclusivity. The Bulgari Marina comprises over 50 berths and will be able to accommodate boats from 30 to 120 feet, perfect for boating enthusiasts. The berths will additionally receive services from the hotel, including housekeeping, security, concierge service, a florist and on-board catering facilities.

The Jumeira Bay area has proven to hold some of the most exciting deals with year. Amongst other record-breaking deals all over Dubai, Luxhabitat Sotheby’s also currently holds the record for the most expensive property – a Jumeira Bay Island mansion at AED 121 million. Luxhabitat Sotheby’s also sold a dual plot in Jumeira Bay Island for AED 120 million, one that is currently having a beach mansion built. Over AED 2.03 billion in sales have been recorded this year in the Jumeira Bay Islands area so far, based on data from the Dubai Land Department.