Meraas revealed that it will commence the handover of Bulgari Residences early 2018. The luxurious residences have garnered great interest from property owners around the world since they went on sale, with all eight penthouses and over 60 percent of the 188 units at Bulgari Residences sold. One of the penthouses, a 14,346-square-foot luxurious unit offering panoramic views of Dubai’s skyline and the ocean, was purchased by a GCC national for AED 60 million, or about AED 4,182 per square foot. Another of the spectacular penthouses is now owned by a European national, with this particular 12,122-square-foot property going for AED 50 million. The two deals mark a new record for the two most expensive penthouse transactions in Dubai to date, beating a record set in 2014 for a penthouse which sold at AED 42 million, according to Reidin’s statistics. The 15 mansions, the only Bulgari mansions in the world, range from AED 18 million to AED 51 million, and have attracted similar interest in international markets. More than half of these spacious 3-6 bedroom, 10,504 to 29,113 square foot mansions, have been sold. Meanwhile, demand for the luxury one-to-three bedroom Bulgari apartments, which range in price from AED 4.5m to AED 13m, has seen over half of these 168 units sold. Uniquely situated 300 metres off the coast of Jumeirah 2 area at Jumeira Bay, a man-made island by Meraas, Bulgari Residences are part of The Bulgari Resort & Residences Dubai, a first-of-its-kind master development in scale and magnitude. Spreading over 1.7 million square foot, and framed by lush landscaped gardens, the luxury marine complex is only the sixth Bulgari Hotels & Resorts property in the world. Designed by Antonio Citterio Patricia Viel and Partners, every aspect of life has been arranged to create efficient and open living spaces, with interiors finished to the highest quality. Homes overlook green gardens interspersed with wood terraces, and the pristine sands of a private beach cove that offers spectacular views in all directions. The Bulgari Residences community will be managed by the adjacent Bulgari Hotels & Resorts, and residents will enjoy an innovative luxury service concept, including a dedicated, informal, and impeccable 24-hour concierge service. They can also benefit from ‘Hotel a la carte services’ which include housekeeping, catering, and butler services, among others. This will create an experience defined by comfort and convenience, and ensure that residents’ every need is catered to. Buildings will also be equipped with a Private Fitness Centre, a swimming pool, and a steam room for extra comfort.