Dubai’s real estate market recorded a notable transaction at the start of Wednesday’s trading, with the sale of two luxury residential units at Bugatti Residences in Business Bay, for a total value of AED 270 million.
According to data from the Dubai REST app, the two units sold are located in Bugatti Residences by Binghatti. Their combined area reached around 34.3 thousand square feet, with an average price of AED 7,862 per square foot.
The first unit was sold for AED 200 million. It is a five-bedroom apartment with a living room, covering an area of nearly 19 thousand square feet. The second unit was sold for AED 70 million. It also includes five bedrooms and a living room, with an area of about 12 thousand square feet.
The deal comes as part of the continued activity seen in Dubai’s luxury real estate market, particularly in prime areas such as Business Bay, which continues to attract buyers looking for high-end residential units with premium specifications and strategic locations.
In Wednesday’s early transactions, total real estate sales reached about AED 660 million through 270 deals. Mortgages recorded AED 59.4 million across 39 transactions, while gifts amounted to AED 9 million through 3 deals.
