Luxury Apartment in Palm Jumeirah Sells for Dh92.5 Million

Mar 9, 2026

53 min

Mar 9, 2026 13:31

Off-plan apartment in Dubai’s Palm Jumeirah sells for Dh92.5 million

## Record Sale in Dubai's Real Estate Market

A luxury off-plan apartment in Dubai's Palm Jumeirah has been sold for Dh92.5 million, highlighting the ongoing strength of the city's real estate market. This transaction was recorded on Monday, according to the Dubai REST application managed by the Dubai Land Department.

## Details of the Property

The apartment, part of the Armani Beach Residences development, covers approximately 11,520 square feet. It was sold at an average price of over Dh8,020 per square foot, reflecting the high demand for premium properties in the area.

## Market Trends

Dubai's real estate sector continues to thrive, with total property transactions reaching around Dh2.4 billion by midday trading. Property sales alone accounted for over Dh1.86 billion, indicating robust activity in the market.

## Growth in Luxury Segment

The luxury property segment in Dubai has seen significant growth, driven by interest from high-net-worth individuals attracted to the city's favorable investment climate and lifestyle. In 2025, there were 6,668 luxury property transactions worth Dh143.8 billion, a notable increase from the previous year.

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