Dubai's Luxury Real Estate's Record-Breaking Sales
Dubai's luxury real estate market has attracted significant attention in 2023 with impressive transactions. Below, we have compiled the most expensive sales that took place in the city's most sought-after locations and projects. We ranked the properties from fifth to first to show which projects and locations lead the sales list.
5. Pentominium - Dubai Marina
Located in the heart of Dubai Marina, the Pentominium tower sold for 360 million AED and is an iconic landmark designed with a luxury lifestyle in mind. The project offers stunning views of the city and the sea, and remains a premium residential destination that consistently retains its value.
4. Bulgari Lighthouse - Jumeirah
Situated in the exclusive Jumeirah district, the Bulgari Lighthouse was sold for 410 million AED. This project reflects the luxury and elegance of the world-renowned Bulgari brand. With its unique coastal design, it stands at the forefront of Dubai's luxury real estate.
3. Marsa Al Arab - Jumeirah
The Marsa Al Arab project, located along the shores of Jumeirah, sold for 420 million AED and represents a new standard of luxury in Dubai. Offering exclusive residential properties and services, this property showcases high prestige value, reflected in its sale price.
2. Business Bay - Unknown Project
An unknown project in Business Bay changed hands for 456.25 million AED. This Dubai business and residential district was the site of one of the most expensive real estate transactions this year, highlighting Business Bay's growing popularity and the high value of its premium properties.
1. Como Residences - Palm Jumeirah
The Como Residences project, situated on Palm Jumeirah island, fetched a record price of 500 million AED, placing it at the top of the list. This high-end development stands out not only with its proximity to the beach but also with its stunning views, making it a jewel of Dubai's luxury real estate market.
These sales clearly demonstrate that Dubai's luxury real estate market moves significant sums through its exclusive locations and unique developments. The interest remains strong, and it seems that Dubai continues to attract those seeking the world's most exclusive properties.
