The most expensive Dubai property sold since the beginning of the year brought AED60 million to the seller. Read more on what kind of unit it was.
Dubai is the place where such super-elite fashion brands as Versace, Fendi, Just Cavalli and Bvlgari are in place. There are enough of those who represent the target audience of these brands, and therefore, commitment to these buyers’ needs can be successfully converted into real estate sales.
And also, investors’ interest in Dubai real estate now is not limited by affordable market only, with a great number of luxuriuos developments being handed over to fuel it even more. This is exactly what happened, when a new spike in interest for the Bulgari homes burst out in Q1-2018. And the same got repeated at the Bluewaters units overlooking the world's tallest Ferris wheel.
Thus, it was not a surprise, when a huge 1331 sq. m. apartment in Bulgari Resorts and Residences was sold for a whooping AED 60 million in Q1 this year. This real estate transaction has become the costliest in Dubai housing market in the first quarter of the year.
Dubai is one of the six world cities, where Bulgari projects are implemented. In total, 15 mansions and 165 apartments will be delivered next to the 52 berths marina and a yacht club on a seahorse-shaped man-made Jumeirah Bay Island, where the project is located.
Residential block at Bulgari occupies an area of 158,000 sq.m. And Bulgari Resorts and Residences, in addition to apartments and penthouses, also includes 101 hotel rooms and 20 serviced villas.
One-bedroom apartments in Bulgari Resorts and Residences were initially offered for AED 4.5 million, while a three-bed costed AED 8.6 million. Mansions were sold at a price of AED 18 million and above. Today we see the cost for these units rising in proportion to the development’s prestige.
IMEX Real Estate can offer you various types of luxury real estate units in different areas of Dubai, including the exclusive man-made Jumeirah Bay Island. We can find anything to cater your needs, from villas and townhouses to penthouses and ultra-luxurious duplexes in the most famous Dubai skyscrapers. With us you’ll always get the latest up-to-date information about off-plan housing sales promotions, hot special offers and discounts.
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IMEX REAL ESTATE BROKER LLC, UAE
Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE