Bulgari Resorts and Residences Apartment in Dubai Sold for Dh60 million

Bulgari Resorts and Residences Apartment in Dubai Sold for Dh60 million

It is said to be the most expensive deal in Dubai’s freehold market during first quarter of this year. The apartment is 14,331 square feet and located on the seahorse-shaped Jumeirah Bay Island.

The other two villas on Jumeirah Bay were sold for Dh41.1 million and Dh36 million. The Palm based development, the Alef Residences secured Dh14.2 million for a 6,912 square feet unit and the 1/JBR sold one of its units for Dh12.97 million.

The Associate Director of Luxhabitat, Brigitte Tenbergen said, “There is still more demand in high-end residential projects from developers. They all have interesting payment plans in place plus prime locations -waterfront properties mainly. Secondary market properties are moving as well but with major price reduction.”

The under development Royal Atlantis Residences has starting to build up a profile. The luxury end of Dubai is experiencing sales both from developers and investors, who want to make an exit.

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