In a noteworthy transaction both in terms of value and timing, Dubai’s real estate market today witnessed the sale of an off-plan residential apartment for 422 million dirhams (approximately 115 million USD), making it the third most expensive apartment ever sold in the emirate’s history.
This deal emerges amidst geopolitical challenges and rising tensions in the region. However, the Dubai real estate market continues to exhibit strong signals of its investment appeal, reflecting the confidence of international investors in the economic resilience and institutional stability of the emirate.
At the end of 2025, Dubai’s real estate sector recorded its most expensive property transaction to date, with a residential apartment being sold for 550 million dirhams within the “Bugatti Residences by Binghatti” project. The second most expensive apartment was sold in 2023 within the “Como Residences” development by Nakheel for 500 million dirhams.
According to data from Dubai’s Land Department, the apartment in question is located in Jumeirah 2 as part of the “Aman Residences Dubai” project developed by H&H Development.
The apartment spans approximately 31,200 square feet, equating to roughly 2,898 square meters, and includes six bedrooms, a living area, and eight parking spaces, with an average price of around 13,525 dirhams per square foot.
This transaction signals the ongoing strong demand for luxury real estate assets in Dubai, particularly for high-end residential projects linked to global hospitality brands, which attract a segment of wealthy investors seeking rare properties in prime locations.