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.