Luxury Apartment in Dubai Sells Off-Plan

Dubai's real estate market continues its strong performance, highlighted by the sale of a luxury off-plan apartment for Dh92.5 million on Monday. This high-value transaction, recorded via the Dubai REST application, underscores the ongoing momentum in the emirate's property sector. The apartment, located in the Armani Beach Residences on Palm Jumeirah, spans approximately 11,520 square feet, translating to a price exceeding Dh8,020 per square foot.

Overall real estate activity in Dubai was robust, with total transactions reaching around Dh2.4 billion by midday. Property sales alone surpassed Dh1.86 billion, demonstrating consistent market activity. This performance reflects the sustained interest in Dubai's real estate offerings.

The luxury property segment in Dubai has seen remarkable growth, driven by increased demand from high-net-worth individuals. The emirate's investor-friendly environment, attractive tax policies, and global lifestyle appeal contribute to this surge.

In 2025, Dubai witnessed 6,668 luxury property transactions totaling Dh143.8 billion. This represents a significant increase compared to 2024, which saw 4,735 deals valued at Dh99.3 billion. The transaction volume rose by 41%, and the total value increased by 45%, highlighting the sector's robust expansion.