Bulgari Lighthouse
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.
Short answer
Meraas has not published a handover date for Bulgari Lighthouse. Its own project page shows the tower 59% complete overall and 53% complete against its RERA schedule, without a specific completion date. Propsearch estimates completion in the second quarter of 2027. The development is sold out, with listed prices from AED 63 million and a penthouse resale reaching AED 155 million in October 2025.
- Status
- under construction
- Handover
- Not published by Meraas; Propsearch estimate Q2 2027
- Payment plan
- Not published
- Starting price
- From AED 63M (listed, Sep 2026)
Starting price
From AED63M
Listed, Sep 2026
Record penthouse resale
AED155M
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
- A written handover date, since Meraas has not published one and portal estimates vary.
- The payment plan for your specific unit, since Meraas has not published one on its project page.
- The DLD project status for this building, through Dubai Land Department’s project status enquiry service.
- How resale prices compare with the listed starting price, since recorded transactions run well above AED 63 million per unit.
Questions buyers also ask
Is Bulgari Lighthouse sold out?
Yes, according to its Meraas project page (accessed 28 Sep 2026).
When will Bulgari Lighthouse be completed?
Meraas has not published a date. Its page shows the tower 59% complete overall and 53% against its RERA schedule. Propsearch estimates Q2 2027 (Meraas; Propsearch, accessed 28 Sep 2026).
How much do units cost at Bulgari Lighthouse?
Listed from AED 63 million. Resale transactions recorded by the Dubai Land Department include a 5 bedroom unit at AED 155 million in October 2025 (Meraas; Propsearch, accessed 28 Sep 2026).
Who built Bulgari Lighthouse?
Meraas is the developer. Dutco Construction was awarded the AED 850 million construction contract in September 2024 (Propsearch, accessed 28 Sep 2026).
How many homes are at Bulgari Lighthouse?
About 31 units, four and five bedroom penthouses and a three level Sky Villa (Propsearch, accessed 28 Sep 2026).