A luxury off-plan apartment spanning approximately 11,566 square feet has been sold for Dh84.6 million in Dubai’s Jumeirah 1 district, according to data from the Dubai Land Department’s Dubai REST platform released March 24, 2026.
The property, located within the Solaya 1, 2, 3 development, was transacted at an average price exceeding Dh7,317 per square foot, reflecting sustained demand in the emirate’s ultra-prime residential segment.
The transaction contributed to a strong trading day, with total real estate transactions reaching approximately Dh1.57 billion by midday, including property sales exceeding Dh1.32 billion.
Record-Breaking Luxury Market Performance
Dubai’s luxury property market delivered exceptional results in 2025, recording 6,668 high-end transactions worth Dh143.8 billion, compared with 4,735 deals valued at Dh99.3 billion in 2024. This marked growth of 41% in transaction volume and 45% in value year-on-year.
The performance was driven by growing interest from high-net-worth individuals worldwide, attracted by the emirate’s investment environment, regulatory framework, and tax advantages.
Continued Market Momentum
The Jumeirah 1 sale follows a series of major transactions across Dubai’s most prestigious addresses. Earlier in March, a luxury off-plan apartment at Armani Beach Residences on Palm Jumeirah sold for Dh92.5 million, while a villa on the World Islands changed hands for Dh220 million on March 12, 2026.
The sustained appetite for premium properties comes as Dubai’s property market demonstrates resilience despite regional geopolitical tensions, with international capital continuing to flow into the emirate’s real estate sector.
The transaction underscores the strength of Dubai’s off-plan luxury segment, where pre-construction developments continue to attract significant buyer interest from both resident and international investors seeking exposure to the emirate’s evolving skyline and lifestyle offering.