Apartments lead Dubai’s premium property market as Dh5 million-plus sales surge.
Dubai’s luxury off-plan residential sector recorded Dh3.72 billion in sales in June, supported by strong demand for properties priced above Dh5 million, with apartments making up the largest portion of transactions, according to a market analysis.
A report by luxury developer Keturah revealed that 307 off-plan deals were completed during the month. Apartments accounted for Dh2.12 billion through 166 transactions, while villas contributed Dh1.61 billion across 141 sales. The average transaction value stood at Dh12.1 million per property.
Villa sales recorded the strongest performance in the Dh5 million to Dh10 million price range, with 99 transactions worth Dh639.2 million completed during the period. Another 30 villas, valued at Dh415.6 million, were sold in the Dh10 million to Dh20 million segment.
For apartments, the Dh5 million to Dh10 million price segment recorded the highest activity, with 111 transactions worth Dh722.3 million. This was followed by 33 apartment sales in the Dh10 million to Dh20 million category, generating Dh475.7 million in value.
Developers also recorded 58 sales of ready luxury properties priced above Dh5 million, contributing an additional Dh1.01 billion to the market. The average price for these completed properties stood at Dh17.4 million.
“The premium segment of the property market continues to demonstrate strong resilience,” said Talal M. Al Gaddah, CEO and Founder of the Keturah luxury brand.
He added that investors remain confident in Dubai’s long-term growth prospects as the city strengthens its position as one of the world’s leading real estate destinations.
The June performance comes amid continued record activity in Dubai’s luxury residential sector. Knight Frank recently reported that the emirate recorded 296 residential transactions valued above $10 million in the first half of 2026, generating $5.1 billion in sales, as demand from global high-net-worth buyers remained strong despite regional geopolitical challenges.
Dubai Islands leads luxury activity
Dubai Islands registered the highest number of off-plan luxury transactions in June, with 48 sales, followed by Dubai South with 39 deals and Palm Jumeirah with 22 transactions. The figures highlight sustained investor interest in waterfront developments and master-planned communities.
At the ultra-luxury end of the market, seven villas priced between Dh20 million and Dh50 million were sold for a combined Dh207.9 million, while five villas in the Dh50 million to Dh100 million category generated Dh344.9 million in sales.
Luxury apartment demand also remained strong, with 18 transactions in the Dh20 million to Dh50 million range valued at Dh521.5 million. Three apartment deals in the Dh50 million to Dh100 million segment contributed Dh197 million, including a Business Bay penthouse that sold for Dh200 million, reflecting continued appetite for exclusive trophy properties.
