Dubai's real estate sector recorded 335 sales of residences valued at over $10 million in the first eight months of 2026, underlining the city’s position as one of the world’s top luxury residential markets, according to a report by a leading Dubai brokerage.
There are 206 high-end villa sales transactions totalling AED11.7 billion between January and the end of August, and 129 luxury apartment sales amounting to AED8.67 billion, revealed an analysis of Dubai Land Department data by fäm Properties.
Palm Jumeirah’s position as a prime residential location was again highlighted by sustained investor interest placing it among the top three areas for villa and apartment sales at $10 million + both in terms of volume and value.
The Palm Jumeirah luxury sales breakdown was 35 apartments (#1 by value) worth AED2.18 billion (#2 by count) at an average of AED62.2 million, and 28 villas (#3) at AED1.85 billion (#3) at an average of AED66.2 million.
Firas Al Msaddi, CEO of fäm Properties, said: "There is still a great deal of money moving through the very top of Dubai's property market, reinforcing the city’s position among the leading global investment hubs for high-net-worth individuals."
"More and more investors are making serious commitments because they regard Dubai as one of the most desirable places in the world to live, work and raise families, something which has also been highlighted by high volumes of new and renewed rental contracts in recent months," he stated.
The leading area in terms of overall luxury villa sales volume and value was the master-planned residential community of Hadaeq Sheikh Moh'd Bin Rashid which recorded 48 transactions totalling AED2.77 billion at an average price of AED57.8 million.
The most expensive apartment sold during the first eight months of the year was a 31,201 sq ft 6-bedroom unit at Aman Residences in Jumeirah Second which fetched AED422 million.
The most expensive villa was a 44,903 sq ft 7-bedroom property at La Mer in Jumeirah First which went for AED350 million, he added.-TradeArabia News Service