Apartments for sale in Dubai, United Arab Emirates

A penthouse is for sale in Bulgari Lighthouse, a 27-story tower on the man-made island of Jumeirah Bay Island. The property comprises 9 bedrooms, 10 bathrooms, and 2 half-bathrooms. Total area - 1,078 m² (11,604 sq ft). Developer - Meraas in partnership with Bulgari Hotels & Resorts. Design - Antonio Citterio Patricia Viel. Construction completion is scheduled for 2027. Price - $112,000,000.

Jumeirah Bay Island is a private seahorse-shaped island connected to the mainland by a 300-meter bridge. The island is located off the Jumeirah coast, 15 minutes from Downtown Dubai and Burj Khalifa. Bulgari Lighthouse occupies the southern tip of the island, which provides a 360-degree panoramic view: the Arabian Gulf on one side, the Downtown skyline on the other. On the island is Bulgari Resort Dubai with its own beach, marina, and restaurants.

About the Property

A 1,078 m² penthouse with 9 bedrooms. The layout includes a grand entrance hall with panoramic glazing, a living room with double-height ceilings, a dining area with sea views, and a kitchen with wood panels. Terraces surround the residence and include a private pool. Finishes: Paonazzo marble, Gaggenau kitchens, leather finishes, oak floors, silk wallpaper in the bedrooms. The master bedroom has a view of Burj Al Arab. The bathrooms are finished in Italian marble and travertine. Additionally: an office, a fitness area, a service elevator, staff quarters, and a garage for 4 cars.

Bulgari Lighthouse is a tower with only 31 residences, which ensures low density. Amenities: a 50-meter horizon pool with private cabanas, a beach pool, a fitness center, Mediterranean gardens, Bulgari spa, 24/7 concierge, valet parking. Residents get access to the Bulgari Yacht Club with a berth of up to 60 meters, the Il Ristorante - Niko Romito (two Michelin stars), and the Japanese Hōseki (one Michelin star).

• Price - $112,000,000.
• Price per square meter - $103,927.

When purchasing real estate in Dubai, the buyer pays a registration fee to the Dubai Land Department (DLD) of 4% of the property value. For a property valued at $112,000,000, the fee will be about $4,480,000. Additionally: the Registration Trustee Fee - AED 4,000 plus 5% VAT for properties over AED 500,000. Total transaction closing costs typically amount to 7-9% of the value.

Annual expenses: service charge - AED 20 per square foot per year. For a penthouse of 11,604 sq ft, that is AED 232,080 per year (about $63,200). The municipal housing fee - 5% of the average rental value of comparable properties, collected through utility bills.

Ownership and Transaction Format

Ownership type - freehold for foreign buyers in Dubai's designated freehold areas. The transaction is completed through a DLD-approved Registration Trustee with registration at the Land Department. Online viewings and remote closing via power of attorney are possible.

If You're Considering It as an Investment

To obtain the UAE's 10-year Golden Visa, the minimum real estate investment threshold is AED 2,000,000 (about $545,000). The penthouse's price exceeds this threshold many times over. The owner can sponsor a spouse, children, and parents.

In the UAE there is no annual property ownership tax, no tax on rental income, and no capital gains tax for individuals. The 9% corporate tax applies only to commercial activity with income above AED 375,000.

Jumeirah Bay Island is one of Dubai's most exclusive and prestigious addresses. Bulgari Lighthouse is the only residential tower on the island managed by Bulgari. Limited supply (31 residences) supports exclusivity. The source does not contain data on stated yields.

Best For

- Buyers seeking a residence on a private island with Bulgari management and access to branded infrastructure.- Investors considering the property for obtaining the Golden Visa (the AED 2M threshold is exceeded many times over).- Those who value the design of Antonio Citterio Patricia Viel and finishes of Paonazzo marble, Gaggenau, leather, and oak.

May Not Be Suitable

- If your budget does not account for closing costs (4% DLD, trustee fee) and annual maintenance (AED 232,080).- If you prefer an apartment with fewer bedrooms - the penthouse is designed for 9 bedrooms.- If completion of the property is critical for you - completion is scheduled for 2027.- If you are not prepared to manage a residence of this scale (1,078 m², several levels).

What to Know Before the Transaction

The tower is at the construction stage, with completion in 2027. The service charge of AED 20/sq ft is a level corresponding to the ultra-premium segment. Bulgari's infrastructure (yacht club, Michelin restaurants, spa) is part of the Residences ecosystem. For Golden Visa purposes, make sure the DLD appraised value meets the AED 2M threshold as of the transaction date. When buying at the off-plan stage, it is recommended to check the terms of the payment plan and the developer's guarantees.

Let us know when you plan to travel and what budget you have in mind. A Discount House manager will confirm the availability of the property, send a full breakdown of transaction costs, and suggest alternatives in the same area. Viewing in person or by video. Response within 30 minutes.