Dubai’s real estate market recorded a major transaction at the start of today’s trading, with a luxury villa on Palm Jumeirah selling for AED 260 million, according to data from the Dubai Land Department.

The deal comes amid continued momentum in the ultra-luxury property segment, particularly in areas that offer exceptional locations and a limited supply of villas and beachfront homes.

Details of the Palm Jumeirah Villa Deal

The data showed that the ready villa is located within the luxury “Ayumi” project on Palm Jumeirah. The property features six bedrooms and sits on a plot measuring approximately 2,466.7 square meters, equivalent to around 26,550 square feet.

The average price in the transaction reached approximately AED 9,792 per square foot, reflecting the high price levels of premium properties on Palm Jumeirah, particularly large villas with luxury specifications.

AED 130 Million Mortgage Deal

In another transaction within the same project, the Dubai Land Department recorded a mortgage on a ready villa valued at AED 130 million.

The transaction reflects the continued registration of large-scale financing deals involving luxury residential assets, offering a positive indication of strong activity in this segment and sustained investor interest in high-value properties.

AED 1.2 Billion in Real Estate Transactions at the Start of the Day

The total value of real estate transactions in Dubai reached approximately AED 1.2 billion at the start of today’s trading, across 339 deals.

The figures come as Dubai’s property market continues to record strong activity at the beginning of September, supported by ongoing demand across different real estate categories, led by luxury residential properties.

Palm Jumeirah Maintains Its Investment Appeal

Palm Jumeirah continues to maintain a strong presence in Dubai’s ultra-luxury real estate market, attracting transactions worth hundreds of millions of dirhams.

The area benefits from the limited supply of villas and beachfront homes in prime locations, in addition to its position as one of Dubai’s most prominent upscale residential destinations.

The major deals being recorded on Palm Jumeirah further strengthen its position among the most attractive areas for buyers seeking exceptional properties that combine location, space, privacy, and investment value.