A Dubai apartment was sold for $112 million, breaking the city’s property record.According to Dubai real estate analysis firm Property Monitor, the apartment in the Bulgari Lighthouse development sold for AED410m.According to reports, the 38,970 sq ft penthouse in the Jumeirah Bay Island development has over 13,000 sq ft of balcony and terrace space.Dubai’s most expensive property
Property Monitor confirmed the record-breaking price but did not identify the deal’s broker or the eventual buyer.The bulk of the residences in the 27-story tower listed for the Bulgari Lighthouse are four- and five-bedroom houses.
The tower’s three-story sky villa contains seven bedrooms, a private office, a family room, a gym, a spa, and a personal elevator. The beautiful exteriors, which were inspired by coral, offer vistas of both the Arabian Gulf and Dubai’s ever-evolving skyline.Mukesh Ambani’s purchase of a mansion on the Palm Jumeirah last year for $161 million (AED598 million) set the record for the most money ever paid for a property in Dubai.
Alpago Properties sold the Casa Del Sole home for AED302.5 million ($82 million), along with two custom-built Palm Jumeirah villas, for a total of AED280 million ($76 million) and AED145 million ($39.4 million).The most expensive apartment in Dubai prior to the sale of the Bulgari Lighthouse apartment was a property sold for AED163.4m ($44.5m) at the Atlantis, The Royal in Palm Jumeirah.