Two Dubai homes sell at Dh755 million in 2 months - demand for luxury keeps flowing in
Dubai: A villa in Emirates Hills is up for sale at a record-breaking price of Dh 425 million. The sale of this super-luxury home in Jumeira Bay island netted Dh330 million for the seller which surpassed the prior Dh240.5 million record at that location.
The property market in Dubai set new records in its initial two months and few days of 2025 by further driving up luxury home prices through developer and seller demands for price per square foot.
Saad Hussain from Alaia Developments explained that Jumeira Bay homes experienced drastic price hikes and Emirates Hills renovated mansions demonstrated significant value improvements. Prices per square foot in these areas will not encounter obstacles as they continue to rise.
Market insiders in Dubai's property scene agree that luxury properties remain protected from potential market fluctuations. Recently in Dubai's mid- to upper-mid popular freehold locations prices have begun to cool down because off plan launches offered large discounts.
The Dubai Hills area shines brightly while Palm Jumeirah remains a constant presence.
Review the average transaction prices at Palm Jumeirah and Dubai Hills. The location recorded 111 transactions during February 2025 where the average sale price reached Dh12.82 million according to Springfield Properties. The average transaction size at Dubai Hills has reached approximately Dh3.42 million during the last month.
Azizi Developments achieved a sale of Dh42 million for an off-plan mansion in Dubai South under its 'Venice' project.
Tizian Raab from Azizi stated that their constructed mansions cost between Dh42 million and Dh222 million while advanced negotiations and sales are ongoing for several other mansions.
The highest confirmed reservation at Monaco Mansions reached Dh120 million.
A Dh1 billion penthouse
The Burj Azizi tower saw one of its penthouses sell for Dh71m. The highest priced penthouse available at Burj Azizi sits on the 88th floor and commands a price of Dh1 billion.
Luxury shines bright in other locations too
Experts in the property market believe that emerging locations will follow Dubai's trend of becoming hotspots for luxury homes. Data from GCP-Reidin indicates Dubai Islands is a prime candidate while Palm Jebel Ali receives substantial investor interest.
Alaia Developments has successfully completed a transaction to acquire an apartment unit at Jumeirah Living World Trade Centre Residence. Hussain confirmed that the sale price reached a record Dh2,623 per square foot for this signature tower. New investors targeting Dubai property start to explore locations other than the traditional hotspots.
The Jumeirah Living World Trade Centre Residence alongside the One Za'abeel tower near Dubai World Trade Center stand ready to attract new buyers.
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