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An ultra-luxury apartment in Aman Residences Dubai on the Jumeirah Peninsula has been sold off-plan for AED 422 million (about $115 million), underscoring strong investor confidence in Dubai's high-end real estate market. The 31,201 sq ft residence was sold at AED 13,525 per sq ft, according to transaction data from DXBinteract, developed in partnership with the Dubai Land Department. The deal was confirmed by fm Properties, which described the sale as a major indicator of continued demand from global ultra-high-net-worth buyers. Industry experts say Dubai's property market is supported by strong fundamentals, including growing end-user demand, diversified international buyers and a mature regulatory environment. The record-value transaction highlights Dubai's status as a leading global destination for luxury property investment despite geopolitical uncertainties in the region.
A luxury apartment at Aman Residences Dubai, located on the Jumeirah Peninsula, has been sold off-plan for AED 422 million, marking one of the most significant residential transactions in Dubai's luxury property market this year. Advertisement
The apartment spans 31,201 square feet, with the transaction valuing the property at approximately AED 13,525 per square foot. The deal was confirmed by fm Properties, while transaction data was recorded by DXBinteract, the data platform developed in partnership with the Dubai Land Department.
Market experts have described the sale as a strong signal of continued investor confidence in Dubai's real estate sector, particularly in the ultra-luxury segment. The property forms part of the prestigious Aman-branded residential development, which targets ultra-high-net-worth individuals seeking exclusive waterfront homes in one of Dubai's most premium locations.
According to Firas Al Msaddi, CEO of fm Properties, the transaction demonstrates the resilience and structural strength of Dubai's property market, even during periods of regional geopolitical tension. He noted that the nature of market demand has shifted significantly in recent years.
More than 70% of property transactions in Dubai are now driven by end-users rather than speculative investors, Al Msaddi said. The buyer base is globally diversified, mortgage activity has doubled in the past four years, and the regulatory environment has matured considerably.
He also pointed out that international assessments support Dubai's relatively stable real estate outlook. According to the UBS Global Real Estate Bubble Index, Dubai is currently rated as a moderate-risk market, compared with cities such as Miami and Tokyo, which are classified in the high-risk category.
Industry observers say the UAE's reputation for political stability, investor-friendly regulations, and high levels of safety continues to attract wealthy international buyers. Luxury real estate has become one of the strongest performing segments of the market, with high-value transactions frequently involving international investors relocating capital or establishing secondary residences in the emirate.
The AED 422 million sale highlights Dubai's growing prominence as a global hub for ultra-luxury residential investment, reinforcing its position as a preferred destination for high-net-worth property buyers worldwide.
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