Dubai, UAE — Dubai’s ultra-prime real estate market has recorded one of its most significant transactions to date, with an off-plan apartment at Aman Residences Dubai selling for AED422 million ($114.9 million), according to data confirmed by fäm Properties.
The 31,201-square-foot residence, located within the Aman Residences development on the Jumeirah Peninsula, was sold at a price of approximately AED13,525 per square foot. The transaction places the property among the highest-value residential deals recorded in Dubai’s luxury property segment.
The Aman Residences Dubai apartment sale highlights the continued momentum of the emirate’s ultra-luxury property market, which has seen increasing participation from global high-net-worth buyers seeking premium residential assets in stable investment destinations.
Ultra-Prime Pricing Benchmark
At AED13,525 per square foot, the transaction establishes a new pricing benchmark within Dubai’s branded residential segment. The Aman-branded project represents one of the most exclusive developments in the emirate, combining luxury residences with hospitality services associated with the globally recognised Aman brand.
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Branded residences have become a major driver of value in Dubai’s premium market. These properties typically command significant price premiums due to their limited supply, hospitality-level amenities, and global brand recognition.
The scale of the property itself also places it within a niche category. At over 31,000 square feet, the apartment approaches the size typically associated with luxury villas, highlighting the growing demand for expansive single-level residences within high-end developments.
Growing Depth in the Luxury Segment
The Aman Residences Dubai apartment sale reflects broader trends within the city’s luxury property sector. Recent market data indicates strong activity in the ultra-prime bracket, with Dubai recording more than 1,000 residential transactions above AED10 million in a single month earlier this year.
New luxury communities, including developments in Palm Jebel Ali, The Oasis, and other emerging districts, have contributed to the expansion of the premium housing segment. At the same time, established luxury locations such as Palm Jumeirah continue to attract strong international demand.
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Firas Al Msaddi, CEO of fäm Properties, said the transaction demonstrates the underlying strength of the Dubai real estate market and the continued confidence of global investors.
He noted that a large proportion of recent property transactions are now driven by end users rather than speculative buyers, reflecting a shift toward longer-term investment horizons.
Global Capital and Market Positioning
Dubai has increasingly positioned itself as a global hub for luxury real estate investment, benefiting from international capital inflows, favourable tax policies, and a regulatory framework designed to attract long-term residents and investors.
Data from DXBinteract indicates that the emirate’s property market continues to attract a globally diversified buyer base. Mortgage activity has also expanded significantly in recent years, reflecting greater institutional participation and a maturing financial ecosystem around property ownership.
The city’s growing reputation as a safe and stable environment for wealth preservation has further strengthened its appeal among high-net-worth individuals seeking global real estate diversification.
These factors have contributed to sustained demand in the ultra-prime segment, where buyers are often less sensitive to short-term market fluctuations.
Off-Plan Commitment and Market Confidence
A notable aspect of the Aman Residences Dubai apartment sale is that the property was purchased off-plan. Buyers committing to projects at this stage are typically investing several years ahead of completion, relying on developer credibility, location fundamentals and long-term market performance.
Off-plan purchases at such price levels signal strong confidence in the development pipeline as well as the broader trajectory of Dubai’s luxury real estate sector.
However, off-plan investments also carry inherent risks, including construction timelines, cost escalation and changes in global economic conditions that may influence future demand.
Balanced Outlook for the Ultra-Prime Market
Despite strong momentum, analysts note that the ultra-prime real estate segment remains relatively small and sensitive to global wealth trends. A limited pool of buyers, shifts in international capital flows, and macroeconomic conditions can influence demand for trophy assets.
Nevertheless, Dubai’s ultra-luxury property sector has demonstrated resilience over recent years, supported by continued migration of high-net-worth individuals and expanding luxury infrastructure across the emirate.
The AED422 million Aman Residences Dubai apartment sale illustrates the growing scale of transactions within the city’s premium real estate market and reinforces Dubai’s position as an increasingly influential destination for global luxury property investment.
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