Bulgari Residences
3 BR · Apartment
About the building
Located in Jumeirah Bay Island, completed in 2017. Developer — Meraas Holding. Architect — Antonio Citterio Patricia Viel.
What the building has
- Swimming pool
- Gym
- Spa and sauna
- 24/7 security
- Shops
Where it is
Jumeira Bay Island
A seahorse-shaped island off Jumeirah: Bulgari, a finite number of plots, and the narrowest market in the city.
- ultra-prime
- sea within the city
- closed supply
What to check: Supply is closed, and that cuts both ways: prices hold, and the buyer on your exit can take a year or more to appear.
Full district guide →Questions and answers about lot P1-582221
How much is this 3-bedroom apartment in Bulgari Residences?
Lot P1-582221 is priced at AED 32 500 000, about $8 850 000. The size is 2 615 sq ft (243 m²), which works out at AED 12 428 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
How does this price compare with other lots in Bulgari Residences?
The database holds 2 lots in Bulgari Residences right now, from AED 32 500 000 to AED 39 500 000. 2 of them share this type and bedroom count: this lot is the cheapest.
Is the property ready or still under construction?
The listing gives no handover date. The project passport gives 2017 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 30%, here AED 9 750 000; a loan of AED 22 750 000 over 25 years at 3.75–4.99% a year comes to roughly AED 117 000–132 900 a month. A non-resident puts down from 40% (AED 13 000 000) and pays about AED 100 300–113 900 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 1 300 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 32 500 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Bulgari Residences?
The developer is Meraas. Completion year: 2017. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code P1-582221 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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