What do Brazilian footballer Neymar Jr., French footballer Aymeric Laporte, and Italian tenor Andrea Bocelli, one of the most famous and best-selling opera singers in the world, have in common?
They will all soon become neighbors in the luxurious Bugatti building being constructed in Dubai by Croatian entrepreneur Mate Rimac in collaboration with one of the largest developers in the United Arab Emirates (UAE), Muhammad Binghatti.
World Elite
According to a statement from Binghatti Holding itself, which publicly announces all buyers who acquire the most luxurious apartments in their projects, one of the first future owners of a penthouse in the still-under-construction tower is the renowned footballer Neymar Jr. He has allocated $54.45 million for his future home in Dubai, the Sky Mansion penthouse, the most expensive square footage in the residence, featuring a private car lift, a swimming pool, and an extraordinary view of the city center.
– Neymar’s purchase of the penthouse enhances the reputation of this complex among wealthy individuals. Moreover, the artistic design, technological innovations, and exclusivity associated with the iconic Bugatti brand are a matter of prestige for future owners, the world elite – states one of the media reports. Besides Neymar, the same statement was released after Laporte and Bocelli became owners.
As Dubai continues to grow as a hub for luxury real estate, branded projects further solidify the city’s popularity, offering secure investments and a refined living experience, according to the stance of developers and investors in the city. Bugatti Residences by Binghatti is not the only such branded residential project in the city, but it is the first such project by Bugatti, which, as they say in the UAE, is the most modern brand of hyper-sport cars.
The luxury residential project was announced by Mate Rimac himself and Muhammad Binghatti, the leading real estate investor and owner of Binghatti Holding, in May 2023 at the Coca-Cola Arena in Dubai.
– Through prestigious collaborations with iconic brands such as Bugatti, Mercedes-Benz, and Jacob & Co, Binghatti offers high-net-worth buyers properties that exude exclusivity and investment value, providing unique experiences that enrich the lives of our residents. The inspiration arose from the desire to make properties in Binghatti synonymous with exclusivity and pride, similar to owning a luxury car or a piece of art – states on the Holding’s website, one of the fastest-growing and most recognizable real estate companies in the United Arab Emirates.
Transparent Pricing
It is worth noting that Bugatti Residences is located in the Business Bay area of Dubai. The project is quite transparent in accordance with UAE laws, so it is known that the total price of the project is $514.6 million, over half a billion dollars!
It will have 48 floors with a total of 182 residences, of which the project includes 171 Riviera Mansions with two, three, or four bedrooms and 11 Sky Mansion penthouses with three to five bedrooms. The sizes of the apartments range from approximately 165 to over 1300 square meters, and the entire concept is designed to reflect the aesthetics and philosophy of the Bugatti brand, from rounded lines to luxurious materials, personalized services, and amenities such as a private ‘Riviera’ beach, an infinity pool, a spa center, and a 24-hour concierge and bodyguard service.
50 Apartments Sold
The project has been breaking records since its inception. According to data from the Dubai Land Department, around 50 apartments have been sold so far, which is also quite transparent. Prices for two-bedroom apartments start at around 4.75 million AED, approximately 1.18 million euros, while three-bedroom units sell for around nine million AED, or about 2.24 million euros.
Four-bedroom apartments reach approximately 13 million AED, or about 3.23 million euros. The penthouses are in a separate, extremely luxurious category and reach values above 130 million AED, more than 32.5 million euros.
