Record Apartment Sale in Dubai Amid Regional Uncertainty

Dubai's real estate market witnessed a significant transaction with the sale of an off-plan residential apartment for Dh422 million ($115 million). This sale marks the third most expensive apartment deal in Dubai's history, highlighting the continued strength of the luxury property sector. The apartment is located in the Aman Residences Dubai development in Jumeirah 2, a project by H&H Development.

The apartment boasts approximately 31,200 square feet (around 2,898 square meters) of space, featuring six bedrooms and eight parking spaces. The price per square foot averages around Dh13,525. This transaction underscores the ongoing demand for high-end properties in Dubai's prime locations, even amidst current geopolitical tensions.

This Dh422 million deal is a testament to Dubai's appeal to high-net-worth individuals. The record for the most expensive apartment sale in Dubai was set in 2025, with a unit at Bugatti Residences by Binghatti selling for Dh550 million. The second-highest sale occurred in 2023 at Como Residences, developed by Nakheel, where a unit was sold for Dh500 million.