With record sales prices and high interest being reached in new luxury projects, Dubai’s off-plan super-prime real estate market is only going to get bigger.
According to official figures recently released by the DLD for November, post-sales reports indicate that Bugatti Residences by Binghatti outperformed all other off-plan projects in Dubai, gaining the highest rate per square foot at Dh9,674. Additionally, according to reports, the project’s first phase has sold out, with sales figures that are close to Dh1 billion.
Muhammad BinGhatti, CEO of Binghatti Developers said: “I am delighted by the sales rates achieved by our sales team in what is set to become Dubai’s finest branded residence. The demand for our Bugatti Residences remains strong with high-net-worth individuals and families choosing to purchase in our Bugatti Residences project looking to experience the exceptional.”
Binghatti Developers is currently working on a new hypertower in Business Bay called Bugatti Residences by Binghatti. The mansions and penthouses feature expansive terraces that let in natural light, exceptional ceiling heights, and distinctive lateral layouts. The design, services, and experiences provided by the project are its distinctive features. The 182 custom units in Binghatti’s Bugatti Residences each have a different layout. The project includes Sky Mansion penthouses where residents can showcase their cars inside their homes due to access to car lifts.
In addition, the Bugatti-branded complex will have a shared urban beach club with a “French Riviera” theme, pools, a spa, a gym, round-the-clock security, and a concierge service.
As the end of Q4 of 2023 draws near and the new year approaches, Binghatti Developers anticipates more success.