# Bulgari Lighthouse

URL: https://www.dxbrealtor.ai/projects/bulgari-lighthouse/
Developer: Meraas
Area: Jumeirah Bay Island
Home types: 4 to 9 bedroom penthouses and a Sky Villa
Updated: 2026-09-28

A sold out Meraas penthouse tower on Jumeirah Bay Island, 59% complete with no published handover date. A resale reached AED 155 million in October 2025.

## Key facts

- Starting price: From AED 63M (Listed, Sep 2026)
- Record penthouse resale: AED 155M (5 bedroom unit, Oct 2025)
- Construction progress: 59% overall, 53% RERA (Meraas, Sep 2026)
- Estimated completion: Q2 2027 (Propsearch estimate, not confirmed by Meraas)

## When will Bulgari Lighthouse be handed over?

Meraas has not published a handover date. Its own project page shows the tower 59% complete overall and 53% complete against its RERA schedule, but gives no target date. Propsearch estimates completion in the second quarter of 2027, based on the project's construction record. Dutco Construction was awarded the main construction contract, worth about AED 850 million, in September 2024.

## What do homes cost?

The development is sold out, according to Meraas. Listed prices start from AED 63 million. Resale transactions recorded by the Dubai Land Department show prices well above that.

| Date | Unit | Price | Price per sq ft |
|---|---|---|---|
| Jun 2024 | 5 bedroom | AED 148.15M | AED 12,710 |
| Jun 2025 | 5 bedroom | AED 146.6M | AED 12,580 |
| Oct 2025 | 5 bedroom | AED 155M | AED 13,300 |
| Jan 2026 | 4 bedroom | AED 80M | AED 12,420 |

The first penthouse sold for AED 410 million in February 2023, reported at the time as one of the most expensive apartment transactions in the UAE.

## Who is the developer and what is its handover record?

Meraas is the developer, building on Jumeirah Bay Island in partnership with the Bulgari brand. The total project value is estimated at about AED 680 million. Meraas has not published a construction record specific to this tower beyond the progress percentages on its own project page.

## What to check before booking

1. **A written handover date**, since Meraas has not published one and portal estimates vary.
2. **The payment plan for your specific unit**, since Meraas has not published one on its project page.
3. **The DLD project status** for this building, through Dubai Land Department's project status enquiry service.
4. **How resale prices compare with the listed starting price**, since recorded transactions run well above AED 63 million per unit.

## Sources

- Meraas, Bulgari Lighthouse Dubai, accessed 28 Sep 2026: https://meraas.com/en/project/bulgari-lighthouse-dubai
- Propsearch, Bulgari Lighthouse Dubai, accessed 28 Sep 2026: https://propsearch.ae/dubai/bulgari-lighthouse-dubai