Dubai Records 105 Apartment Sales Priced Above USD 10 Million in H1 2026
Dubai's ultra-luxury residential market continued to attract global wealth during the first half of 2026, with 105 apartments priced above USD 10 million (AED 36.7 million) changing hands for a combined USD 1.97 billion (AED 7.225 billion), according to an analysis by Al Masdar Al Aqaari based on Dubai Land Department transaction data.
The second quarter alone recorded the sale of 50 apartments valued at more than USD 10 million each, generating total sales of approximately USD 871.3 million (AED 3.2 billion). The performance underscores the emirate's continued appeal to high-net-worth individuals despite geopolitical uncertainty across the region.
The first quarter saw an even stronger start, with 55 ultra-luxury apartments sold for more than USD 1.09 billion (AED 4 billion).
Off-plan properties continued to dominate the segment, accounting for 95 of the 105 transactions, with a combined value of approximately USD 1.82 billion (AED 6.7 billion). By comparison, 10 completed apartments were sold for a total of around USD 143 million (AED 525 million), reinforcing the strength of demand for Dubai's pipeline of ultra-prime residential developments.
Third-Most Expensive Apartment Ever Sold in Dubai
The first half of 2026 also witnessed the sale of the third most expensive apartment in Dubai's real estate history.
The off-plan residence sold in March for USD 114.9 million (AED 422 million). Spanning 31,194 square feet (2,898 square metres), the six-bedroom apartment includes eight parking spaces and achieved an average price of approximately USD 3,682 (AED 13,525) per square foot.
The property is located within Aman Residences Dubai, a waterfront development by H&H Development on Dubai Peninsula along the Jumeirah coastline.
The same project also recorded another landmark transaction in March, with a second apartment selling for USD 97 million (AED 356 million). The 31,194-square-foot residence achieved an average price of approximately USD 3,109 (AED 11,408) per square foot, equivalent to around USD 33,471 (AED 122,842) per square metre.
Aman Residences Dubai dominated Dubai's ultra-luxury apartment market during the first half of the year, recording 17 apartment sales worth more than USD 490.1 million (AED 1.8 billion).
It was followed by Solaya, developed by Meraas in La Mer, where 13 apartments were sold for a combined USD 198.9 million (AED 730.4 million).
Third place went to Baccarat Hotel & Residences Dubai in Downtown Dubai, which recorded 11 apartment sales worth more than USD 165.5 million (AED 608 million).
Como Residences on Palm Jumeirah ranked fourth, with seven apartment sales totalling USD 104.6 million (AED 384 million).
Fifth place was shared by two developments. CASA AHS, located on Dubai Water Canal and developed by Abbas Sajwani, recorded five apartment sales worth USD 77.3 million (AED 284 million), while The Alba Residences by Omniyat on Palm Jumeirah also sold five apartments with a combined value exceeding USD 122.3 million (AED 449 million).
Palm Jumeirah Leads Ultra-Luxury Apartment Sales
By transaction volume, Palm Jumeirah topped Dubai's ultra-luxury apartment market during the first half of 2026, recording 30 apartment sales worth approximately USD 505.8 million (AED 1.857 billion).
Jumeirah 2 ranked second with 20 apartment sales valued at around USD 581.1 million (AED 2.134 billion), followed by Burj Khalifa, where 14 apartments changed hands for a combined USD 223.8 million (AED 821.8 million).
Dubai Water Canal came fourth with 10 apartment sales worth USD 146.9 million (AED 539.6 million), while Jumeirah 1 ranked fifth with nine transactions totalling USD 134.9 million (AED 495.6 million).
The figures highlight the continued dominance of Dubai's waterfront communities and established luxury residential districts in the ultra-prime apartment segment, driven by sustained demand from international investors and high-net-worth individuals.
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