Bulgari Lighthouse property deal continues to dominate Dubai’s luxury real estate news as Driven Properties, one of the city’s most prominent real estate agencies, has officially acquired the final units of the prestigious Bulgari Lighthouse for a massive $77 million.
This transaction marks one of the most high-profile real estate purchases of 2025 and signals a growing appetite for ultra-luxury property in the UAE.
What Is Bulgari Lighthouse and Why It Matters
The Bulgari Lighthouse is one of Dubai’s most iconic and exclusive residential towers. Located on Jumeirah Bay Island, this ultra-luxury building is part of the broader Bulgari Resorts and Residences development, a project that blends high-end living with the brand’s signature Italian elegance.
Designed by renowned architectural firm Antonio Citterio Patricia Viel, the Bulgari Lighthouse stands out for its avant-garde design and curated lifestyle amenities. The building features only 31 residences and a lavish penthouse, offering panoramic views of the Arabian Gulf and Dubai’s skyline.
Each unit offers:
- Private pools and outdoor terraces
- High-end Italian fittings
- 24/7 concierge and security
- Access to private beaches and yacht club facilities
With this acquisition, Driven Properties has become the sole owner of the remaining units in this highly sought-after development.
The Numbers Behind the Deal
According to sources close to the transaction, Driven Properties paid AED 281 million, which is roughly $77 million, for the final three units in the tower. While the names of the sellers remain undisclosed, the purchase was confirmed via Dubai Land Department records.
These units were the last remaining apartments in the tower, making this a complete buyout. The per-square-foot price was not disclosed publicly, but experts estimate it to be in the range of AED 12,000–14,000—placing it among the most expensive real estate deals in the region this year.
Who Are Driven Properties?
Driven Properties is a Dubai-based real estate brokerage and development advisory firm known for its involvement in premium residential and commercial projects across the UAE. The firm has gained a reputation for marketing and managing high-end developments, including projects in Downtown Dubai, Palm Jumeirah, and Dubai Marina.
Their decision to invest heavily in the Bulgari Lighthouse property deal signals confidence in the city’s top-tier luxury housing segment. It also reinforces Dubai’s status as a global hub for high-net-worth individuals seeking exclusive property investments.
Why the Ultra-Luxury Market Is Booming in Dubai
This deal is just the latest example of how Dubai’s ultra-luxury market is booming despite global economic uncertainties. Several factors are contributing to this trend:
- High Net-Worth Migration: Dubai continues to attract millionaires and billionaires from Europe, Asia, and the Americas due to its tax-free living, safety, and lifestyle offerings.
- Golden Visa Incentives: The UAE’s long-term visa policies are encouraging wealthy individuals to make long-term investments in real estate.
- Limited Supply of Branded Residences: Properties like the Bulgari Lighthouse are extremely rare, and their exclusivity drives demand.
According to real estate analysts, branded residences now account for a growing share of property transactions above AED 20 million, and the trend shows no sign of slowing down.
Market Reaction to the Bulgari Lighthouse Property Deal
Experts and stakeholders have largely welcomed the acquisition. Speaking anonymously, a Dubai-based property consultant said:
“This is a landmark deal. It reinforces the shift we’re seeing in the market—where trophy assets are getting snapped up not just by individual buyers, but by firms looking to control exclusive inventory.”
Analysts say that such acquisitions give companies like Driven Properties a stronger position when reselling or renting the units at premium rates.
What’s Next for Driven Properties?
While the company has not yet made public its exact plans for the newly acquired Bulgari Lighthouse units, industry insiders believe they may either resell them selectively or lease them to ultra-high-net-worth individuals.
Driven Properties is expected to:
- Market the apartments as part of exclusive, high-value portfolios
- Offer short- and long-term leasing options for elite clientele
- Position the units for global investors seeking luxury second homes
This could allow the company to yield strong returns, especially given the rising demand for ready-to-move, ultra-luxury apartments in prime areas like Jumeirah Bay Island.
Dubai’s Growing List of Record Property Deals
The Bulgari Lighthouse property deal joins a string of headline-making real estate transactions in Dubai this year. Some recent highlights include:
- A Palm Jumeirah mansion selling for over AED 500 million
- An off-plan penthouse at One Za’abeel fetching AED 200 million
- High-volume sales at Atlantis The Royal and The Lana Residences
The trend shows that Dubai’s top-tier market is thriving, thanks to strong investor confidence and a desire for luxury living that combines privacy, design, and branded prestige.
Conclusion: A Landmark Moment for Dubai Real Estate
The purchase of the final Bulgari Lighthouse units for $77 million by Driven Properties is more than just a big-ticket real estate deal—it’s a statement about where Dubai’s property market is headed.
As the demand for ultra-luxury, branded residences continues to grow, transactions like this will become increasingly common. For now, though, this acquisition stands as one of the most significant in 2025 and firmly places Driven Properties at the forefront of Dubai’s high-end real estate scene.
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