New Launch - India Real Estate Report 2026.
OMNIYAT has recorded the highest-value residential transaction in Palm Jumeirah's AED20 million-plus off-plan segment during the first half of 2026.
A residence at The Alba Residences sold for AED225.965 million ($61.5 million). The deal also achieved the segment's highest price per square foot at AED11,227 ($3,057).
OMNIYAT recorded 14 qualifying transactions in the segment during the period.
Three Rankings, One Developer
OMNIYAT ranked first across three measures in Palm Jumeirah's AED20 million-plus off-plan segment in H1 2026:
- Transaction volume: 14 deals in the qualifying segment
- Highest-value transaction: AED225.965 million at The Alba Residences
- Highest price per square foot: AED11,227 ($3,057)
The H1 2026 performance covers three Palm Jumeirah developments The Alba Residences, ORLA and ORLA Infinity. Each sits in the ultra-luxury tier.
Each targets a buyer profile that is international, HNWI or UHNWI and focused on quality, privacy and long-term value in a globally recognised address.
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What Is Driving the Demand
Peter Stephenson, Co-Managing Director of OMNIYAT, said the results reflect the strength of the company's approach on Palm Jumeirah and the consistent demand it is seeing across its developments.
He said the focus is on delivering distinctive residences with exceptional quality and a highly considered living experience, while maintaining the standards of execution and detail that define OMNIYAT.
The developer said wealthy buyers are increasingly targeting architecturally distinctive residences that combine design, craftsmanship, privacy and curated lifestyle experiences.
The AED20 million-plus threshold filters for buyers where investment value and exclusivity matter as much as often more than the physical specification of the property itself.
Also Read: Jumeirah Golf Estates Villa Sells for Record Dh110 Million
Palm Jumeirah's Ultra-Luxury Pull
Palm Jumeirah continues to attract international demand in a category where scarcity and address recognition are primary price drivers.
The island's finite frond supply, combined with the concentration of internationally branded and architecturally distinct residences that have arrived over the past few years, has reinforced its position as Dubai's most recognised ultra-luxury residential address among global buyers.
For OMNIYAT, topping three simultaneous rankings in a single half-year across a competitive field of Palm Jumeirah developers points to a product and pricing strategy that is working in a segment where buyers are less rate-sensitive and more quality-driven.
The AED11,227 per sq ft ceiling it achieved in H1 is a benchmark that will set expectations for the rest of the year both for OMNIYAT's own pipeline and for competing developers targeting the same international buyer base on the Palm.
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