2 Bedroom Riviera Cannes Mansion with Private Pool in Bugatti Residences, Business Bay – 40% Below OP

Property Overview

This is a two-bedroom Riviera Cannes Mansion of 3,983 sq ft with a private pool and three parking spaces in Bugatti Residences by Binghatti, Business Bay, Dubai. It is listed at AED 17,200,000 against an agent-stated original purchase price of AED 28,800,000, which is AED 11,600,000 or 40.3% below OP. The tower is under construction.

Property Highlights

• Asking price: AED 17,200,000
• Original purchase price (agent-stated): AED 28,800,000
• Saving against OP: AED 11,600,000 (40.3%)
• Size: 3,983 sq ft
• Asking rate: approximately AED 4,318 per sq ft (OP rate approximately AED 7,231 per sq ft)
• Residence type: Riviera Cannes Mansion, 2 bedrooms
• Private pool
• Parking: 3 spaces
• Status: off-plan resale
• Developer: Binghatti, in partnership with Bugatti

Why the Price Qualifies as Below OP

The agent brief gives a labelled original purchase price of AED 28,800,000 and a selling price of AED 17,200,000. Because the asking price is lower than the stated OP, DPF classifies this listing as Below OP.

• Saving: AED 28,800,000 minus AED 17,200,000 equals AED 11,600,000, matching the agent's stated discount.
• Percentage: AED 11,600,000 divided by AED 28,800,000 equals 40.3%, matching the agent's stated figure.
• Rate per sq ft: AED 17,200,000 divided by 3,983 sq ft equals approximately AED 4,318.

The benchmark is the seller's original purchase price as reported in the agent brief received on 2026-10-01. It is not a DLD transaction record or a market valuation, so it does not by itself show the unit is below current market value. Given the size of the discount, buyers should confirm the OP from the seller's SPA or Oqood registration and check how much has been paid to the developer.

About the Project, Developer and Community

Bugatti Residences is a branded residential tower developed by Binghatti in partnership with the Bugatti automotive brand. The tower is made up of 171 Riviera Mansions and 11 Sky Mansion penthouses, with a stainless-steel facade inspired by the French Riviera. Residence types within the Riviera Mansions carry the names of Riviera destinations, such as Cannes.

Published project information lists a Riviera-inspired beach, private pools, a spa, a fitness club, a chef's table, a members' club, butler and concierge services, valet parking and car lifts serving the penthouses. Business Bay is a mixed-use district beside Downtown Dubai and the Dubai Water Canal, with offices, hotels and high-end residential towers.

Layout, Pool and Parking

The agent confirms a two-bedroom Riviera Cannes Mansion of 3,983 sq ft with its own private pool and three allocated parking spaces. Published two-bedroom sizes for the project are smaller than this figure, so the stated area may include terraces or the pool deck; buyers should confirm the internal and outdoor areas on the floor plan. The floor, view, bathrooms and unit number were not supplied, so they are not stated here.

Payment Plan and Handover

The agent brief does not state the handover date, the amount already paid or the remaining instalments. Published project information quotes an expected completion of August 2027 and a payment structure of 70% during construction and 30% on handover. These are project-level figures, not confirmed for this unit; confirm the balance, instalment schedule and completion date against the SPA and Binghatti's statement of account.

Location and Connectivity

Business Bay sits next to Downtown Dubai, with access to Sheikh Zayed Road, Al Khail Road and the Business Bay Metro station. Journey times depend on route and traffic, so DPF does not quote fixed minutes for this listing.

Verification Notes

• Agent-supplied facts: Bugatti Residences, Riviera Cannes Mansion, Business Bay, 2 bedrooms, 3,983 sq ft, private pool, 3 parking spaces, OP and asking price.
• DPF-calculated figures: saving amount, saving percentage and price per sq ft.
• External research: tower composition, amenities, expected completion and payment structure from project and portal pages.
• Not supplied: floor, view, bathrooms, unit number, handover date for this unit, amount paid and remaining instalments.