Bulgari Lighthouse: Penthouses on Jumeirah Bay Island
A Private Island Address
Bulgari Lighthouse sits on Jumeirah Bay Island, a private, man-made island off the Jumeirah coastline in Dubai. The island connects to the mainland via a single bridge, which keeps it inherently contained and quiet. Meraas Holding is the developer.
The address places you about 20 minutes from Downtown Dubai and roughly 15 minutes from the Dubai International Financial Centre. Dubai Marina sits around 25 minutes west. This is not a location you pass through. Residents drive onto the island with intention, and the limited access is part of what defines the lifestyle here.
For buyers comparing Jumeirah Bay Island against addresses like Palm Jumeirah or Emirates Hills, the distinction is supply and scale. The island is small. The number of residential units it can hold is finite by design. That constraint is relevant to anyone buying with an investment thesis in mind: scarcity is built into the address in a way that is physically enforced by the island's footprint.
What AED 70 Million Buys You Here
The price range runs from AED 70 million to AED 140.4 million, and Bulgari Lighthouse is a penthouse-only tower. That means the variation in price reflects floor level and unit size, not a mix of apartment types. A buyer at AED 70M is taking an entry-level penthouse in a tower with a fixed scarcity story. A buyer at AED 140.4M is at the top of the range, which in a penthouse-only building means the largest and highest units with the widest views across the Arabian Gulf and the Dubai skyline.
To frame the scale: AED 70 million at the low end. This sits at the uppermost tier of Dubai residential real estate. The spread of roughly AED 70M between the lowest and highest listed unit signals meaningful differences in floor plate and elevation within the tower. Both ends of the range share the same address, the same island, and the same building amenities. The premium at the top is strictly for size and height.
The Amenity Picture
| Category | Amenities |
|---|---|
| Fitness & Wellness | Health Club, Gymnasium |
| Leisure | Leisure Lounge, Shared Pool |
| Family | Children's Play Area |
| Building Services | Security |
Six amenities across four categories. At this price tier, a tower with 30 amenities would suggest a different kind of project, one positioned around a hotel-like residential experience. Bulgari Lighthouse keeps the building programme tight. The children's play area is the one indicator that families are part of the intended resident profile. The overall set points to buyers who want privacy and building function over an extensive on-site leisure offering.
Eight Months to Delivery
Construction broke ground in February 2023. The expected handover is March 27, 2027, roughly eight months from now. Buying today means entering very late in the off-plan cycle.
For an investor, that proximity to delivery cuts two ways. The short remaining construction window reduces exposure to delays and uncertainty. At the same time, the window for off-plan capital appreciation before handover is correspondingly short. The project will move from off-plan to completed residential inventory within the same year a new buyer signs.
For an end user, eight months is a manageable horizon. The wait is finite and the build is well advanced.
Getting In: 20% Down, 70% During Construction
| Stage | Payment |
|---|---|
| Down payment | 20% |
| During construction | 70% |
| Handover | 10% |
The 20% down payment aligns with standard off-plan terms for Dubai's luxury segment. The 70% construction-period installment runs through to the March 2027 handover. The final 10% is due at completion, at which point the total financial commitment is settled.
For buyers at this price level, the headline percentages understate what the numbers mean in practice. At the AED 70M end, the 70% construction tranche amounts to approximately AED 49M across the remaining build period. At AED 140M, that figure reaches around AED 98M. With eight months to delivery, a significant portion of those construction-period payments will fall within a short, concentrated window.