In one of the most prestigious areas of Dubai, an apartment was sold at a record price. At the same time, the luxury apartments are still under construction. Their price amounts to 84.6 million dirhams. This case has become yet another confirmation that the emirate’s premium real estate market continues to grow steadily and attract the attention of wealthy investors from around the world.
Deal details and property features
According to the Dubai Land Department, the property is located in the modern residential complex Solaya on Palm Jumeirah. The apartment’s area is about 1,074 sq ft. The average price per sq ft exceeds 7,300 dirhams, confirming the high status of the project and its investment attractiveness.
The purchase was made at the construction stage, which is becoming an increasingly popular practice among investors seeking to lock in a favorable price before the project is completed. Such deals are especially common in the luxury segment, where demand often exceeds supply.
Dubai real estate market on the rise
Dubai’s real estate sector is showing impressive dynamics. The total volume of transactions in 2025 exceeded 1.5 billion dirhams, with property sales accounting for more than 1.3 billion. This indicates high activity from both local and international investors.
Growth is particularly noticeable in the luxury housing segment. In 2025, more than 6,600 transactions involving premium real estate were recorded, totaling about 143.8 billion dirhams. For comparison, the previous year saw fewer than 5,000 deals worth around 99 billion dirhams. Thus, the market showed growth of more than 40% in the number of transactions and nearly 45% in their total value.
Why investors choose Dubai in 2026
The popularity of Dubai is explained by several factors at once. The emirate offers a favorable tax system, transparent regulation, and a high level of investment security. An additional advantage remains the absence of personal income tax and stable demand for luxury rental housing.
In 2026, interest in the market is increasing thanks to the development of new infrastructure projects, growth in tourism, and the city’s status as a global financial and business center. All this makes purchasing property here not only prestigious but also a strategically good investment.
Experts expect that the luxury segment in Dubai will continue to grow, especially in areas with limited supply, such as coastal zones and central districts. High demand from international buyers, including investors from Europe, Asia, and CIS countries, will continue to push prices upward.
Thus, the sale of an apartment for tens of millions of dirhams is no longer an exception, but part of the new reality of Dubai’s real estate market, which is confidently securing its status as one of the most attractive in the world.