Dubai luxury property market: Jumeirah 2 off‑plan apartment sells for AED 166.07 million
Record off‑plan sale in Jumeirah 2 highlights robust demand for high‑end Dubai properties amid strong H1 2026 activity.
A landmark off‑plan transaction in Jumeirah 2 has sent ripples through the Dubai luxury property market after a single apartment in Aman Residences Dubai sold for AED 166.07 million. The unit, reported through Dubai REST — the Dubai Land Department’s transaction platform — measures 10,021.39 square feet and commanded an average price of AED 16,572.27 per square foot. The sale underlines continued appetite for branded, prime‑location apartments even as villas lead volume growth in the top‑end segment.
Record off‑plan deal in Jumeirah 2
The off‑plan purchase in Jumeirah 2 stands out as one of the largest single‑unit apartment transactions recorded in recent months. Dubai REST data shows the buyer secured a luxury residences unit within the Aman Residences Dubai project, reinforcing the draw of internationally branded developments. At just over 10,000 square feet, the apartment’s size and per‑square‑foot rate place it among the city’s most expensive off‑plan deals.
Transaction specifics and pricing metrics
According to the platform’s figures, the apartment’s price works out to approximately AED 16,572 per square foot, a benchmark that reflects scarcity in prime waterfront and established neighbourhoods. The deal was catalogued as an off‑plan sale, distinguishing it from ready‑properties where pricing dynamics can differ due to immediate handover and occupancy. Details published by Dubai REST also show active market segmentation, with branded projects maintaining premium pricing premiums.
H1 2026 performance in the luxury tier
The luxury sector — defined by properties valued above AED 36.7 million — recorded notable momentum in the first half of 2026. Transactions in this bracket totalled 269 sales with aggregate consideration of AED 16.57 billion, representing increases of 11.2 percent in deal count and 11.5 percent in value versus the same period in 2025. Those figures signal sustained investor confidence and a healthy pipeline for high‑end developments despite broader global uncertainty.
Villas driving volume while apartments hold value
Market observers point to a clear bifurcation within the luxury segment: villas are leading in transaction numbers and overall deal value growth, while apartments retain strong unit pricing in established and branded projects. The trend reflects buyer preferences for privacy and larger living footprints alongside continued demand for signature apartment offerings in central and coastal locations. This dynamic has prompted developers to balance villa‑focused supply with selective ultra‑luxury apartment launches.
Wider Dubai market transactions reported today
Daily market tallies published on Dubai REST show total property transactions amounting to AED 2.05 billion across 803 deals on the reporting day. Of those, sales exceeding AED 1.44 billion came from 611 executed transactions. Transactions breakdown for the day included 539 residential unit sales, 44 building sales and 28 land deals, underlining diverse activity across asset types and tenure structures.
Ready versus off‑plan sales split
The same dataset indicates that ready property sales reached AED 587.06 million through 180 transactions, while off‑plan sales accounted for AED 857.41 million across 431 deals. Ready sales comprised 134 residential units, 18 buildings and 28 land deals, whereas off‑plan activity was dominated by 405 residential unit purchases and 26 building sales. The stronger value and volume on the off‑plan side underscore continued investor interest in future inventory and project investments.
The recent Jumeirah 2 off‑plan apartment sale, set against broader H1 2026 gains, highlights how branded projects and prime locations continue to command premium pricing in Dubai’s luxury strata. As villas expand market share in transaction volumes, developers and investors will likely monitor demand for ultra‑large, high‑spec apartments when planning future launches and pricing strategies.
