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Dubai United Arab Emirates
Dubai’s ultra-luxury residential market is entering a new phase. Palm Jumeirah remains one of the city’s most sought-after addresses for homes priced above $10 million, but demand at the top end is no longer concentrated in a handful of established neighbourhoods.
New luxury developments, branded residences and emerging villa communities are reshaping the market, while buyers are becoming more selective about what they purchase and how much they are willing to pay.
Dubai recorded 335 sales of homes valued at $10 million (Dh36.7 million) and above in the first eight months of 2026, underlining the city’s position among the world’s leading luxury residential markets
An analysis of Dubai Land Department data by fäm Properties found that 206 high-end villas were sold for a combined Dh11.7 billion between January and August, while 129 luxury apartments accounted for Dh8.67 billion
Palm Jumeirah remained a leading destination for ultra-luxury buyers, ranking among the top three locations for both villa and apartment sales by volume and value. The island recorded 35 apartment sales worth Dh2.18 billion, ranking first by apartment value, alongside 28 villa sales worth Dh1.85 billion. The average transaction value was Dh62.2 million for apartments and Dh66.2 million for villas.
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