The 11,520-square-foot apartment was sold at an average price exceeding Dh8,020 per square foot, according to data from the Dubai REST application operated by the Dubai Land Department. The property is located within the Armani Beach Residences development, one of Palm Jumeirah’s high-end branded residential projects.
The transaction comes amid sustained activity across Dubai’s property market, with total real estate transactions reaching approximately Dh2.4 billion by midday trading on Monday, while property sales alone exceeded Dh1.86 billion.
Dubai’s luxury property segment has experienced exceptional growth in recent years, fuelled by increasing demand from high-net-worth individuals drawn to the emirate’s investor-friendly regulatory framework, favourable tax environment, and global lifestyle appeal.
The emirate recorded 6,668 luxury property transactions worth a combined Dh143.8 billion in 2025, compared with 4,735 deals valued at Dh99.3 billion in 2024, marking a 41% increase in transaction volume and a 45% rise in total value.
The Dh92.5 million sale follows another significant transaction earlier this month, when Dubai recorded a Dh422 million apartment sale at Aman Residences, marking the third most expensive apartment transaction in the emirate’s history.
The ongoing strength in Dubai’s luxury residential market reflects broader trends across the emirate’s real estate sector. February 2026 saw property sales surge 18% to $16.5 billion, with off-plan sales comprising 62% of total activity.
Palm Jumeirah remains one of Dubai’s most sought-after addresses for ultra-high-net-worth individuals, combining waterfront luxury with proximity to the city’s business districts and lifestyle amenities. The island’s branded residences, including projects by Armani, continue to attract international investors seeking trophy assets in the emirate.