Luxury Off-Plan Apartment at Palm Jumeirah Sells for Dh92.5 Million
Wednesday, 11 March 2026
Dubai’s luxury real estate market continues to thrive as an off-plan apartment at the prestigious Armani Beach Residences sold for Dh92.5 million, highlighting strong demand for premium waterfront living and the continued growth of the emirate’s high-end property segment.
Key Highlights
- A luxury off-plan apartment sold for Dh92.5 million at Armani Beach Residences, one of Dubai’s premium branded residential developments.
- The property spans approximately 11,520 sq ft (about 1,070 sq m) and achieved an average price of over Dh8,020 per sq ft.
- The development is located on the iconic Palm Jumeirah, known globally for luxury waterfront living and exclusive residential projects.
- Data from Dubai REST, operated by Dubai Land Department, confirmed the transaction.
- By midday trading, total real estate transactions in Dubai reached approximately Dh2.4 billion, with property sales exceeding Dh1.86 billion.
- Dubai’s luxury real estate segment continues to attract high-net-worth individuals from around the world.
- In 2025, Dubai recorded 6,668 luxury property transactions worth Dh143.8 billion, reflecting strong growth in the premium market.
- This represents a 41% increase in transaction volume and a 45% rise in total value compared with 2024.
- Dubai’s investor-friendly regulations, tax advantages, and world-class lifestyle offerings continue to strengthen its position as a leading global destination for luxury real estate investment.
