Dubai’s real estate market continues to demonstrate strong momentum after a luxury off-plan apartment was sold for AED 92.5 million, reflecting sustained demand for high-end properties in the emirate.

According to data from the Dubai Land Department’s “Dubai REST” application, the apartment spans approximately 11,520 square feet, equivalent to around 1,070 square meters. The average price exceeded AED 8,020 per square foot, placing the transaction among the notable high-value deals recorded in the city’s luxury property segment.

The apartment is located in the prestigious Armani Beach Residences project on Palm Jumeirah, one of Dubai’s most sought-after waterfront destinations. The development is known for its upscale design, premium amenities, and exclusive beachfront lifestyle, making it particularly attractive to global investors and luxury homebuyers.

This transaction comes as Dubai’s property market continues to maintain strong activity levels. By midday, the total value of real estate transactions in the emirate had reached approximately AED 2.4 billion, while property sales alone exceeded AED 1.86 billion, highlighting ongoing investor confidence and robust market movement.

Dubai’s luxury real estate sector recorded exceptional performance throughout 2025, supported by growing interest from high-net-worth individuals from around the world. The emirate’s stable economy, investor-friendly regulations, and attractive tax environment continue to strengthen its position as a leading global destination for property investment.

Data shows that Dubai recorded 6,668 luxury property transactions in 2025 with a total value of approximately AED 143.8 billion. This represents a significant increase compared with 4,735 transactions worth AED 99.3 billion in 2024.

The figures mark a growth of 41 percent in the number of transactions and 45 percent in total value, further reinforcing Dubai’s status as one of the world’s top hubs for luxury real estate investment.