The transaction is valued at Dh13,525 per sq ft
Analysts say more than 70 per cent of transactions across Dubai are now end-user driven, not speculative, and the buyer base is globally diversified
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Shrugging off concerns around ongoing regional conflict, Dubai’s resilient property market continued to record $100 million-plus deals, reflecting the trust and confidence of investors in the emirate’s economy.
A luxury apartment in Dubai was sold off-plan for Dh422 million ($115 million), and the deal has been hailed as a powerful sign of confidence in the city’s real estate market and security in the UAE.
The sale of the 31,201 sq ft apartment at Aman Residences Dubai on the Jumeirah Peninsula was confirmed by fäm Properties.
Data from DXBinteract, the data platform developed by the company in partnership with Dubai Land Department, said the transaction put the value at Dh13,525 per sq ft.
The market’s evolution is further supported by shifting buyer dynamics. End-user transitionsing from rental to ownership, continued international capital participation, and the expansion of freehold corridors across strategic districts have broadened the participation base. At the same time, disciplined supply pipelines and phased project launches continue to reinforce pricing stability across key communities.
“The sale of an ultra-luxury unit at this level is particularly relevant in the current circumstances. It underlines the fact that the Dubai real estate market is structurally stronger than it has ever been,” said Firas Al Msaddi, CEO of fäm Properties.
“Over 70 per cent of transactions are now end-user driven, not speculative. The buyer base is globally diversified. Mortgage activity has doubled in four years. The regulatory environment has matured. The fundamentals haven’t changed overnight because of regional events,” he said.
Al Msaddi noted that the enormous lengths the UAE authorities have gone to in order to keep everyone who lives and works here safe at all times send out the strongest possible message to investors.
“That has long been the case, and the effect of all this is highlighted by an apartment being sold for Dh422 million in the current climate, at a time when the eyes of the world are on Dubai, and the Gulf region. It’s a sale which says so much about the UAE as a whole, and in this case, in particular, about Dubai as one of the world’s leading destinations for wealthy real estate investors.
Source: Khaleej Times
Published: 5 March 2026
