In a remarkable real estate transaction both in value and timing, Dubai’s property market has recorded the sale of an off-plan residential apartment for AED 422 million (approximately $115 million), making it the third most expensive apartment ever sold in the emirate.
The deal comes at a time when the region is experiencing rising geopolitical tensions and challenges. Despite this, Dubai’s real estate market continues to demonstrate strong resilience and global appeal, reflecting sustained investor confidence in the emirate’s stable economic environment and institutional framework.
At the end of 2025, Dubai’s real estate market witnessed the most expensive apartment sale in its history, valued at AED 550 million within the “Bugatti Residences by Binghatti” project. The second most expensive apartment sale was recorded in 2023 at “Como Residences,” a project developed by Nakheel, where a unit was sold for AED 500 million.
According to data from the Dubai Land Department, the recently sold apartment is located in Jumeirah Second within the “Aman Residences Dubai” project, developed by H&H Development. The development is among the ultra-luxury residential projects linked to the global hospitality brand Aman.
The apartment spans approximately 31,200 square feet (around 2,898 square meters) and includes six bedrooms and a large living area, in addition to eight parking spaces. The transaction reflects an average price of about AED 13,525 per square foot.
This high-value deal highlights the continued demand for luxury and ultra-luxury properties in Dubai, particularly branded residential developments in prime locations. Such projects continue to attract high-net-worth individuals and international investors seeking exclusive properties that combine luxury living with strong investment potential.
