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Meraas to deliver Bulgari luxury mansions early next year

DUBAI, May 31, 2017

UAE-based master property developer Meraas said it will start the handover of all the mansions and luxury units at the Bulgari Residences development coming up at its man-made island Jumeirah Bay in Dubai early next year.

Situated 300 m off the coast of Jumeirah 2 area at Jumeirah Bay, the residential project is part of The Bulgari Resort & Residences Dubai, a first-of-its-kind master development in scale and magnitude.

Spread over a 1.7-million-sq-ft area and framed by lush landscaped gardens, the luxury marine complex is only the sixth Bulgari Hotels & Resorts property in the world.

Unveiling the handover plans, Meraas officials said these luxurious residences have garnered great interest from property owners around the world since they went on sale, with all eight penthouses and over 60 per cent of the 188 units at Bulgari Residences sold.

One of the penthouses, a 14,346-sq-ft luxurious unit offering panoramic views of Dubai’s skyline and the ocean, was purchased by a GCC national for Dh60 million ( $16.33 million), they stated.

Another of the spectacular penthouses is now owned by a European national, with this particular 12,122-sq-ft property going for Dh50 million ($13.06 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 Dh42 million ($11.43 million), said the officials citing Reidin’s statistics.

The 15 mansions, the only Bulgari mansions in the world, range from Dh18 million to Dh51 million ($11.9 million to $13.88 million), and have attracted similar interest in international markets, said the company officials.

According to them, more than half of these spacious three to six-bedroom, 10,504 to 29,113-sq-ft mansions, have been sold.

Meanwhile, demand for the luxury one-to-three bedroom Bulgari apartments, which range in price from Dh4.5 million to Dh13 million ($1.22 million to $3.54 million), has seen over half of these 168 units sold.

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.-TradeArabia News Service




Tags: luxury | Meraas | Bulgari residences | mansions |

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