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Luxhabitat Sotheby International Realty Sells Rare Penthouse at Bulgari in Jumeirah Bay Island Dubai For 40 Million AED
- 29th Nov 2021
Breaking yet another record this year, 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 Jumeirah 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.”
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. 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. Due to this, the. 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 Jumeirah 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 Jumeirah Bay Island mansion at AED 121 million. Luxhabitat Sotheby’s also sold a dual plot in Jumeirah 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 Jumeirah Bay Islands area so far, based on data from the Dubai Land Department.
About LUXHABITAT Sotheby’s International Realty
Headquartered in Dubai, LUXHABITAT Sotheby’s International Realty focuses on residential and commercial luxury sales and leasing, luxury property management, institutional investments, and luxury project developments in the UAE and beyond. LUXHABITAT Sotheby’s International Realty represents the marketing and sales partnership between Sotheby’s International Realty brand in the entire GCC region and LUXHABITAT, a design-led real estate marketing and technology company. Together, we are now the biggest and strongest marketing and selling platform for luxury real estate in Dubai, making us the foremost luxury real estate brokerage in the market today. We are focused in sourcing the best quality properties in premium residential areas such as Emirates Hills, Palm Jumeirah, Al Barari, Jumeirah Islands, Jumeirah Golf Estates, Meadows, Lakes and Arabian Ranches as well as the best apartments and penthouses in upscale buildings such as Le Reve, Index Tower, Six Towers, Burj Khalifa, The Address Hotels, among others. For more information, visit its award-winning website at www.luxhabitat.ae