Dubai’s real estate market continues to cement its status as one of the world’s leading luxury property markets, with unprecedented transactions in the “ultra-luxury” apartment segment. Over the past four years, 65 apartments were sold, each exceeding AED 100 million, for a total value of AED 10.2 billion.
These figures reflect the deep demand for high-value real estate in the emirate and confirm its ability to attract global high-net-worth individuals, reinforcing its position as a mature market with liquidity, confidence, and long-term stability.
10 Billion AED in Sales
Specifically, data from the Dubai Land Department show that the emirate witnessed the sale of 65 “ultra-luxury” apartments, each priced above AED 100 million (USD 27.2 million), with a total value of AED 10.2 billion, from the beginning of 2022 until the end of 2025.
According to historical data, 2022 recorded 3 transactions worth a total of AED 413 million. In 2023, a record year for ultra-luxury apartment sales, 30 transactions were registered, totaling AED 4.9 billion. In 2024, there were 12 sales with a total value of AED 1.6 billion.
In 2025, the market performed strongly with 20 transactions valued at AED 3.2 billion. Notably, it set a record for the most expensive transaction in Dubai’s real estate history in the Business Bay area, with a sale worth AED 550 million for an off-plan apartment in the Bugatti Residences by Bin Ghatti project.
Prime Locations
Geographically, Jumeirah Bay Island, known as the “Billionaires’ Island,” accounted for the largest share of sales and transactions, with 19 ultra-luxury apartment deals totaling AED 2.8 billion. This was followed by Palm Jumeirah with 14 transactions worth AED 2.2 billion.
Marsaa Al Arab recorded 4 sales valued at AED 956 million, followed by Jumeirah Second with 6 transactions totaling AED 898 million, and Jumeirah First also with 6 sales worth AED 847 million. The Business Bay area had 3 transactions totaling AED 799 million.
As for Dubai Water Canal, it recorded 4 transactions worth AED 550 million. Zaabeel First had 3 sales worth AED 410 million, Al Wasl saw 2 transactions totaling AED 236 million, and Marina also had 2 sales worth AED 210 million. Zaabeel Second recorded a single sale of AED 125 million, as did Dubai Silicon Oasis, with one transaction worth AED 100 million.
It is noteworthy that most of the ultra-luxury apartment sales over the past four years were off-plan, reflecting the high confidence in Dubai’s real estate market and leading developers, as well as a clear shift in investor behavior toward capturing early capital growth opportunities in the luxury sector. Additionally, many global businessmen and high-net-worth individuals are keen to relocate and settle in the emirate.
Off-plan ultra-luxury apartment sales amounted to AED 9 billion across 57 transactions, while ready units accounted for AED 1.18 billion from 8 deals.
Most Expensive Deals
The list of the most expensive apartments in Dubai’s history over the past four years features four transactions officially registered with the Dubai Land Department, each exceeding USD 100 million (AED 367.2 million). The prices of these luxury apartments in Dubai have reached unprecedented levels per square foot.
The first deal, recorded last year in Business Bay, was worth AED 550 million in the Bugatti Residences by Bin Ghatti project. It remains the most expensive apartment in Dubai’s history. The off-plan unit comprises 6 bedrooms and covers 4,385 sq. ft., equivalent to AED 125,445 per square foot.
The second most expensive apartment was sold in 2023 for AED 500 million, an off-plan unit in Palm Jumeirah within the Como Residences project developed by Nakheel. The apartment spans 2,039 sq. ft., equivalent to AED 245,156 per square foot—the highest square-foot price for any apartment in Dubai’s history.
The third most expensive apartment is located in Marsaa Al Arab, valued at AED 420 million. The off-plan unit has 5 bedrooms and covers 2,521 sq. ft., with a price of AED 166,620 per square foot.
The fourth apartment is in Jumeirah Bay within the Bvlgari Lighthouse project, sold for AED 410 million. The off-plan unit comprises 9 bedrooms and spans 3,620 sq. ft., equating to AED 113,537 per square foot.
