Dubai’s Most Expensive Properties Sold in 2024: Record-Breaking Apartment, Villa, and Townhouse Sales Unveiled

  • Primo Capital
  • January 25 2025

Dubai achieved unparalleled growth in real estate deals through 2024, when this international luxury hub became an astonishing architectural landmark destination. People from all economic backgrounds make Dubai their living base because they find the perfect homes designed with luxury components in this city. 

Dubai's real estate sector achieved new transaction highs across all apartment, villa, and townhouse categories in 2024. A detailed analysis will show Dubai’s most expensive properties sold in 2024 and the significant factors contributing to these landmark deals.

Let’s Look at Dubai’s Most Expensive Properties Sold in 2024

1. The Most Expensive Apartment Sold in 2024

The One at palm Jumeirah - most expensive apartment in 2024

One at Palm Jumeirah sold for the highest price in 2024. Its range was 275,000,000 AED, and its developer was Omniyat. Apartments have different bedrooms; everyone can choose according to their requirements. 

The property's exclusive interiors use handmade lusters, bespoke Italian marble, and advanced smart home devices for exceptional luxury. The penthouse contains its elevator, which serves as an infinity pool and tailored butler service for elite residents.

The record-breaking property sale is due to Dubai's positioning as a premier luxury spot, its tax constraints, and international investor demand for quality real estate.

2. The Most Expensive Villa in 2024

most expensive villa in 2024 in Dubai

So, here is the most expensive villa, “Jumeirah Bay Island Villas.” It cost 240,500,000 AED, and its developer was Meraas. In June 2024, there were 1 villa. The home features a temperature-controlled wine cellar, a private movie theatre, an indoor gym, and seven bedrooms with walk-in closets and private bathrooms. 

A 50-meter infinity pool, a private container that accommodates boats, and exquisitely designed gardens are among the most costly residences of 2024.

The high-value Palm Jumeirah artificial island continues to enchant investors because of its rare combination of luxury real estate with remarkable properties. This villa attracted primarily European, North American, and Asian buyers because Dubai offers a global platform for luxury asset investments.

3. The Costliest Townhouse

Plagette 32, developed by Majid Al Futtaim

Plagette 32, developed by Majid Al Futtaim, was the most costly townhouse sold in 2024. Its price was 34,000,000 AED. The total number of off-plan townhouses transferred was 6 in June 2024. 

The most expensive homes sold in 2024 are located within a gated residential area. They include five bedrooms, an open-floor structure, and a private rooftop deck featuring a swimming pool. A well-known international architect created this deftly fusing modern design with ultimate function.

Luxurious real estate market trends demonstrate that high-income buyers prefer standalone privacy within a residential community.

Factors Driving Record-Breaking Sales

Several factors have contributed to these remarkable property transactions in Dubai:

  1. Economic Stability and Growth: Dubai's strong financial system within an encouraging economic environment draws international capital investors. Luxury real estate investors from around the world choose Dubai, which supports continuous economic expansion and has bolstered international business opportunities.

  2. Global Appeal: Besides world-class infrastructure and safe-haven investment status, Dubai offers a cosmopolitan city environment that attracts high-net-worth individuals.

  3. Limited Supply of Ultra-Luxury Properties: The scarcity of exclusive properties on Palm Jumeirah and Jumeirah Bay Island has produced heightened demand and increased market value for these limited housing options.

  4. Residency Benefits: Through luxury home ownership, investors obtain extensive residency opportunities in Dubai, thus raising the value proposition of real estate investments.

  5. Strategic Location: Investors continue to be drawn to Dubai's strong financial stability and positive economic conditions that support international capital inflow. Dubai maintains stable economic growth patterns along with its world-class business investment safety, which drives investors to luxury real estate.

A Surge in International Buyers

Dubai's luxury property market experienced dramatic shifts regarding international real estate acquisitions during 2024. The 2024 wholesale luxury property market showed buyer dominance from European buyers alongside Chinese, American, and Indian elites. People from around the world selected Dubai because it combined tax benefits with its reputation as an upscale and secure environment.

The combination of stable global politics coupled with currency value movement secured two major strategic benefits for Dubai's property industry. Property investors obtained access to high-value real estate options across the city.

The Bottom Line Is

The Dubai real estate market accomplished its second back-to-back record-breaking achievement in 2024 through substantial apartment villa and townhouse sales transactions. This set a new record for Dubai’s most expensive properties sold in 2024 due to its position as an international luxury destination among international real estate market demand trends.

Consistent development initiatives drive Dubai's real estate market toward positive performance annually. This area is positioned as an unequaled choice for high-end residential requirements through the synergy between exclusive facilities, strategic placement, and a supportive business framework.



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