Dubai\u2019s real estate market recorded a landmark transaction on Monday with the sale of an off-plan residential apartment for more than half a billion dirhams, underlining the continued strength of demand across the property sector, especially in the luxury segment.<\/p>\n
According to data from Dubai REST, the app operated by the Dubai Land Department, the apartment was sold for AED 501.1 million, making it the second-highest residential apartment sale ever recorded in Dubai.<\/p>\n
The unit has a total area of 1,325.16 square feet and was priced at AED 378,144 per square foot. It is located in Business Bay within the Maybach 6 \u2013 Tower A project by Binghatti Properties.<\/p>\n
The deal is seen as another strong sign of Dubai\u2019s appeal as a preferred destination for investors, particularly those looking for premium and ultra-luxury residential assets.<\/p>\n
Strong Demand for Luxury Homes in Dubai<\/strong><\/p>\n The sale reflects the ongoing momentum in Dubai\u2019s property market, where high-end homes continue to attract strong interest from both regional and international buyers. It also points to the emirate\u2019s ability to maintain its position as a global investment hub supported by economic stability and a well-established institutional environment.<\/p>\n Earlier, Binghatti Properties Chairman Muhammad Binghatti said in an exclusive interview with Emarat Al Youm that the company is seeing growing interest from globally recognized figures. He revealed that negotiations are currently underway with a major international artist to acquire a luxury residential unit in Dubai, with the deal expected to be finalized within days.<\/p>\n He added that the property in question is a penthouse in Downtown Dubai and could rank among the area\u2019s highest-priced residential units.<\/p>\n Muhammad Binghatti also said the company had already completed a similar transaction with another international figure in recent months, with an announcement expected soon. According to him, this type of demand reflects the attractiveness of Dubai\u2019s real estate market and its ability to draw elite global buyers.<\/p>\n Investor Confidence Remains Strong<\/strong><\/p>\n The latest record-setting transaction highlights the continued confidence of international investors in Dubai\u2019s real estate sector. It also reinforces the market\u2019s reputation for resilience, transparency, and long-term growth potential.<\/p>\n Dubai has increasingly become a magnet for high-net-worth individuals seeking a combination of lifestyle, security, and investment opportunity. These factors continue to support strong activity in the city\u2019s luxury property segment.<\/p>\n Second Only to Dubai\u2019s Record Apartment Sale<\/strong><\/p>\n This latest sale now ranks as the second-most expensive apartment transaction in Dubai\u2019s history.<\/p>\n The highest-ever apartment sale in the emirate was recorded at the end of 2025, when a residential unit sold for AED 550 million in the Bugatti Residences by Binghatti project.<\/p>\n The new deal also surpassed a previous high-profile transaction recorded in 2023 at Como Residences, developed by Nakheel, where an apartment sold for AED 500 million.<\/p>\n Dubai Real Estate Market Maintains April Momentum<\/strong><\/p>\n The transaction came as Dubai\u2019s real estate market opened the new week with visible momentum. The emirate\u2019s property sector continued its strong performance during April, with total real estate transactions on Monday exceeding AED 4.94 billion.<\/p>\n Sales alone accounted for more than AED 3.55 billion, reflecting the market\u2019s steady pace and the broad level of activity across different segments.<\/p>\n The sale of this AED 501.1 million apartment adds to the growing list of headline deals that continue to shape Dubai\u2019s luxury real estate story and reinforce its position as one of the world\u2019s most dynamic property markets.<\/p>\n","protected":false},"excerpt":{"rendered":" Dubai recorded the sale of an off-plan residential apartment worth AED 501.1 million, making it the second-most expensive apartment ever sold in the emirate and highlighting strong demand for luxury real estate.<\/p>\n","protected":false},"author":3,"featured_media":14972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[211],"tags":[224,250,235],"class_list":["post-14971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-happening-in-dubai","tag-dubai-investment","tag-economy","tag-real-estate"],"acf":[],"_links":{"self":[{"href":"https:\/\/blog.uaehumanjourney.com\/en\/wp-json\/wp\/v2\/posts\/14971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.uaehumanjourney.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.uaehumanjourney.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.uaehumanjourney.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.uaehumanjourney.com\/en\/wp-json\/wp\/v2\/comments?post=14971"}],"version-history":[{"count":1,"href":"https:\/\/blog.uaehumanjourney.com\/en\/wp-json\/wp\/v2\/posts\/14971\/revisions"}],"predecessor-version":[{"id":14973,"href":"https:\/\/blog.uaehumanjourney.com\/en\/wp-json\/wp\/v2\/posts\/14971\/revisions\/14973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.uaehumanjourney.com\/en\/wp-json\/wp\/v2\/media\/14972"}],"wp:attachment":[{"href":"https:\/\/blog.uaehumanjourney.com\/en\/wp-json\/wp\/v2\/media?parent=14971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.uaehumanjourney.com\/en\/wp-json\/wp\/v2\/categories?post=14971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.uaehumanjourney.com\/en\/wp-json\/wp\/v2\/tags?post=14971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}