Dubai's ultra-luxury housing market posted 335 sales of homes priced at $10 million (Dh36.7 million) or more in the first eight months of 2026, underscoring sustained demand for the city's highest-value properties.
Of these, 206 were villa transactions totalling Dh11.7 billion, while 129 were apartment sales worth Dh8.67 billion, according to figures tied to Dubai Land Department data.
Palm Jumeirah among the leaders
Palm Jumeirah featured prominently across both categories. The man-made island recorded 35 luxury apartment sales worth Dh2.18 billion, at an average price of Dh62.2 million, and 28 villa sales worth Dh1.85 billion, averaging Dh66.2 million. Palm Jumeirah ranked among the top three areas for both villa and apartment sales at the $10 million threshold, in terms of both volume and total value.
Hadaeq Sheikh Moh'd Bin Rashid led all areas for luxury villa sales, with 48 transactions totalling Dh2.77 billion at an average of Dh57.8 million.
Record-setting individual deals
The single most expensive apartment sold during the period was a 31,201 sq ft, six-bedroom unit at Aman Residences in Jumeirah Second, which changed hands for Dh422 million.
On the villa side, the top sale was a 44,903 sq ft, seven-bedroom property at La Mer in Jumeirah First, which sold for Dh350 million.
What it signals for Dubai's property market
Firas Al Msaddi, CEO of fäm Properties, said the scale of activity at the top end of the market reflects continued confidence among wealthy buyers.
"There is still a great deal of money moving through the very top of Dubai's property market, reinforcing the city's position among the leading global investment hubs for high-net-worth individuals," Al Msaddi said. "More and more investors are making serious commitments because they regard Dubai as one of the most desirable places in the world to live, work and raise families, something which has also been highlighted by high volumes of new and renewed rental contracts in recent months."
For Dubai residents and prospective buyers, the figures point to a market where demand at the very top has not slowed, even as the broader city continues to see churn in rental agreements. The concentration of high-value deals in areas such as Palm Jumeirah and Hadaeq Sheikh Moh'd Bin Rashid suggests these locations remain focal points for buyers seeking the city's most expensive homes, alongside other established luxury pockets such as Bluewaters Island, Emirates Hills, District One, Jumeirah Bay Island and Al Barari.
Whether this pace continues through the rest of 2026 will depend on broader demand trends, but the first eight months of the year have already delivered a substantial volume of nine and ten-figure transactions across Dubai's most sought-after addresses.
