Dubai records Dh422m apartment sale, third highest ever amid regional tensions
Dubai’s property market has recorded the sale of an off-plan apartment worth Dh422 million ($115 million), making it the third most expensive apartment transaction ever registered in the emirate.
The ultra-luxury residence is located in Jumeirah 2, within the prestigious Aman Residences Dubai, a high-end development by H&H Development.
According to official data from the Dubai Land Department, the apartment spans approximately 31,200 square feet (about 2,898 square metres). The residence includes six bedrooms and eight dedicated parking spaces, with the transaction reflecting an average price of around Dh13,525 per square foot.
Ultra-prime demand remains strong
The Dh422 million transaction comes during a period of heightened geopolitical tensions in the region, yet Dubai’s real estate sector continues to demonstrate remarkable resilience and sustained investor confidence.
Demand remains particularly strong within the ultra-prime property segment, where global investors continue to pursue exclusive residences in the city’s most prestigious developments.
The latest deal reinforces Dubai’s position as one of the world’s leading luxury real estate destinations, with high-value transactions continuing despite broader regional uncertainty.
Among the most expensive apartment sales in Dubai
The Dh422 million sale now ranks third among the most expensive apartment deals ever recorded in Dubai.
The emirate’s highest-value apartment sale was registered in 2025, when a unit at Bugatti Residences by Binghatti sold for Dh550 million.
The second-highest transaction took place in 2023 at Como Residences, a project developed by Nakheel, where an apartment changed hands for Dh500 million.
Dubai’s luxury property market continues to expand
The latest high-value transaction highlights the ongoing appetite for ultra-luxury real estate in Dubai, particularly in prime coastal and central locations.
Even amid global and regional uncertainties, high-net-worth investors continue to target Dubai’s premium residential developments, attracted by the emirate’s strong fundamentals, global connectivity, and reputation as a safe investment destination.
With record-breaking deals continuing to emerge, Dubai’s ultra-prime real estate market remains one of the most dynamic luxury property sectors worldwide.
Source: Gulf News
