Bulgari Ocean Mansions: Five-Bedroom Villas on Jumeirah Bay Island
Bulgari Ocean Mansions is a villa development by Meraas Holding on Jumeirah Bay Island in Dubai. The island sits off the Jumeirah coast, linked to the mainland by a single causeway. It is a low-density, waterfront address that sits firmly at the top of Dubai's residential market by location and price.
A Private Island in the Jumeirah District
Jumeirah Bay Island is a man-made island in the broader Jumeirah area. The causeway limits through-traffic, which keeps the island notably quieter than mainland Jumeirah. From this address, Downtown Dubai is roughly 15 minutes east and Dubai Marina is around 20 minutes west. The island offers direct sea exposure on multiple sides, which sets it apart from mainland Jumeirah properties where water views are typically a premium add-on rather than part of the baseline.
For an investor, the island's controlled supply and low plot density underpin the scarcity argument. For an end-user, the trade-off is that getting in and out of the island means using that single causeway link.
AED 70 Million: One Price, One Product
Every villa here is priced at AED 70 million. There is one floor plan: 5 bedrooms, Type A, at 12,837 sq ft. The price does not represent a range with different entry points. It is a single ticket for a single specification.
At approximately AED 5,450 per sq ft (calculated from the 12,837 sq ft area against the AED 70M price), the per-square-foot figure reflects the land value and island position more than the raw built area. The villas are large, but the price is carried by where they sit.
Five-Bedroom Villas Only
The project offers villas only, all in the same five-bedroom configuration. There are no smaller units offering a lower entry point and no mixed-use elements. Every buyer acquires the same product. The buyer profile is narrow by design: large families or buyers seeking a standalone, private island residence with full community infrastructure.
Resort-Style Amenities Across Ten Facilities
| Category | Amenities |
|---|---|
| Wellness | Gymnasium, Shared Spa, Running Track, Bicycle Track |
| Leisure | Beach Access, Shared Pool, Cafe and Restaurants |
| Lifestyle | Valet Parking, Community Hall, Children's Play Area |
Beach access and a shared spa are the headline inclusions at this price tier, and valet parking signals that Meraas is delivering service-level infrastructure alongside the residences. The running track and bicycle track point to a community designed for active residents who will use outdoor facilities regularly. The children's play area and community hall indicate Meraas is targeting owner-occupier families, not purely investor buyers treating this as a land hold.
Past the Original Completion Window
Construction began in May 2022, with the project targeting completion by December 2023. That date has passed, and a subsequent development milestone is recorded in July 2024, indicating the project has moved through or near delivery. Buyers looking at this project today are likely considering units that are complete or close to it.
Getting In for 20%
The payment structure divides as follows:
| Phase | Percentage | Amount (AED 70M) |
|---|---|---|
| Down payment | 20% | AED 14,000,000 |
| During construction | 70% | AED 49,000,000 |
| Handover | 10% | AED 7,000,000 |
Entry required AED 14 million at signing. The 70% construction tranche represents the bulk of the purchase price, meaning the bulk of the capital was committed before handover for original buyers. At the point of receiving keys, the remaining AED 7 million is due. The payment schedule runs clean: no post-handover installments, so there is no deferred obligation once keys are collected.