Two Villas Leased in Dubai Today for More Than $1 Million Each
Dubai's luxury real estate market recorded two high-value villa lease transactions today, with the value of each lease exceeding $1 million.
Savills Middle East announced today on its social media channels that it had leased a villa in Garden Homes – Frond B on Palm Jumeirah under a two-year contract worth approximately $2.29 million (AED 8.4 million). The villa features four bedrooms and spans 7,305 square feet.
In a separate transaction, PRIME by Betterhomes announced today on its social media channels that it had leased a waterfront villa in District One, Mohammed Bin Rashid City, for approximately $1.28 million (AED 4.7 million). The property comprises seven bedrooms, eight bathrooms, and offers a built-up area of 17,571 square feet.
Dubai Luxury Home Sales Reach New Record
The leasing activity comes as Dubai's luxury residential market continues to set new records. According to the latest analysis by global property consultancy Knight Frank, 296 homes priced above $10 million were sold during the first half of 2026, generating a record $5.1 billion in sales, up 14% compared with the same period in 2025.
The market recorded 165 sales above $10 million in the first quarter, followed by 131 transactions in the second quarter. During Q2, Dubai also registered a record 26 home sales valued at more than $25 million.
Dubai Hills Estate ranked as the leading destination for ultra-luxury home sales during the first half of the year, with 51 homes sold for more than $10 million, followed by Palm Jumeirah with 50 sales, while Palm Jebel Ali ranked third with 40 transactions.
The most expensive home sold during the first half of 2026 was a six-bedroom apartment at Aman Residences in Jumeirah Second, developed by H&H Investment and Development, which changed hands for $114.9 million (AED 422 million).
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