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A luxury off-plan apartment in Dubai has sold for Dh166.07 million, reflecting sustained demand for ultra-prime homes in the emirate. According to data from the Dubai Land Department's Dubai REST application, the apartment is located in Jumeirah Second within the Aman Residences Dubai development. The transaction adds to a growing list of high-value single-unit sales that have defined Dubai's luxury market over the past year.
Deal Details
The property spans 10,021.39 square feet, with an average price exceeding Dh16,572 per square foot. At more than 10,000 square feet, the unit sits firmly within the scale typically associated with Dubai's most exclusive branded residential developments, where size and brand affiliation both play a role in commanding premium per-square-foot pricing.
- Sale price: Dh166.07 million
- Location: Jumeirah Second, Aman Residences Dubai
- Property size: 10,021.39 sq ft
- Average price: Dh16,572+ per sq ft
A Divergent Luxury Market
The sale comes as Dubai's luxury property market has shown a marked divergence during the first half of 2026 between villas and apartments in the segment valued above Dh36.7 million (around $10 million). While villas continued to lead growth in both transaction volumes and values, luxury apartments maintained strong pricing in established locations and branded residential developments, reflecting continued demand for premium addresses even as the two property types moved at different paces.
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The ultra-luxury segment recorded 269 transactions worth Dh16.57 billion during the first six months of 2026, representing year-on-year increases of 11.2 percent in the number of deals and 11.5 percent in total value compared with the same period in 2025. This steady, double-digit growth suggests the ultra-prime segment has continued to expand even as broader market conditions have shifted.
A Strong Year for Luxury Sales Overall
Dubai's luxury property market also posted robust annual growth last year, recording 6,668 luxury property sales worth approximately Dh143.8 billion, up from 4,735 transactions valued at Dh99.3 billion in 2024. That represented annual growth of 41 percent in transaction volumes and 45 percent in total value, underlining just how rapidly the city's top-tier property segment has scaled over a relatively short period.
The Day's Wider Market Activity
Separately, Dubai recorded Dh2.05 billion in total real estate transactions on the day across 803 deals, including property sales exceeding Dh1.44 billion through 611 transactions, according to Dubai REST data. Residential units accounted for 539 sales, alongside 44 building transactions and 28 land sales.
Ready property sales totalled Dh587.06 million across 180 transactions, comprising 134 residential units, 18 buildings and 28 land plots. Off-plan sales reached Dh857.41 million through 431 transactions, including 405 residential units and 26 building sales, pointing to continued strong appetite for projects still under development across the emirate.
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