Dubai's Record-Breaking Dh500 Million Apartment Sale

Apr 21, 2026

50 min

Apr 21, 2026 07:31

Dubai apartment sells for over Dh500 million in record off-plan deal

## Landmark Real Estate Transaction

Dubai's real estate market witnessed a historic transaction with the sale of an off-plan apartment for over Dh500 million. This deal, recorded on Monday, is the second most expensive apartment sale in the city's history.

## Details of the Sale

The apartment, located in Business Bay's "Maybach 6 – Tower A," was sold for Dh501.1 million. It spans 1,325.16 square feet and was priced at Dh378,144 per square foot. This transaction underscores the strong demand for luxury properties in Dubai.

## Developer's Perspective

Mohammed Binghatti, chairman of Binghatti Properties, noted increasing interest from international buyers. He mentioned ongoing negotiations with a global artist for a luxury penthouse in Downtown Dubai, which could become one of the area's highest-priced units.

## Market Context

This sale follows a record Dh550 million apartment transaction in late 2025 at the Bugatti Residences by Binghatti. Dubai's property market remains robust, with daily transactions exceeding Dh4.94 billion, reflecting investor confidence in the emirate's economic prospects.

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