The 10,021.39-square-foot apartment achieved an average price exceeding Dh16,572 per square foot, according to data from the Dubai Land Department’s Dubai REST application released on July 22, 2026.
The transaction highlights continued buyer appetite for branded residential developments in established locations, even as Dubai’s broader residential market stabilizes following years of rapid growth.
Dubai’s ultra-luxury segment, comprising properties valued above Dh36.7 million (approximately $10 million), recorded 269 transactions worth Dh16.57 billion during the first six months of 2026, representing year-on-year increases of 11.2 percent in transaction volumes and 11.5 percent in total value compared with the same period in 2025.
While villas continued to lead growth in both transaction volumes and values during the first half of 2026, luxury apartments maintained strong pricing in premium addresses and branded residential developments, reflecting the market’s divergence within the ultra-prime segment.
The emirate’s luxury property market posted robust annual growth in 2025, recording 6,668 luxury property sales worth approximately Dh143.8 billion, up from 4,735 transactions valued at Dh99.3 billion in 2024—representing annual growth of 41 percent in transaction volumes and 45 percent in total value.
On July 22, Dubai recorded Dh2.05 billion in total real estate transactions across 803 deals, including property sales exceeding Dh1.44 billion through 611 transactions, according to Dubai REST data.
Off-plan sales reached Dh857.41 million through 431 transactions, including 405 residential units and 26 building sales, highlighting the continued strength of Dubai’s development pipeline and investor appetite for new projects despite growing calls for market transparency.
Ready property sales totalled Dh587.06 million across 180 transactions, comprising 134 residential units, 18 buildings and 28 land plots.
The Aman Residences Dubai sale reflects a broader pattern of high-value transactions in branded developments, where global hospitality operators and luxury brands continue to attract buyers seeking premium addresses and full-service amenities in the emirate’s most established neighborhoods.
