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Dubai's luxury residential market recorded AED 3.72 billion in off-plan home sales for properties priced above AED 5 million during June, according to a market analysis by Keturah. Developers completed 307 off-plan transactions, comprising 141 villa sales and 166 apartment sales, with the average transaction value reaching AED 12.1 million. The report also highlighted an additional AED 1.01 billion in ready property sales above AED 5 million. Dubai Islands emerged as the leading location for high-value off-plan transactions, followed by Dubai South and Palm Jumeirah, reflecting continued demand for premium residential developments across the emirate.
Dubai's luxury residential market continued to attract investment during June, with developers recording AED 3.72 billion in off-plan sales for homes priced above AED 5 million, according to a market analysis released by luxury real estate brand Keturah.
The analysis, based on data from DXBinteract, showed that developers completed 307 off-plan transactions during the month, comprising 141 villa sales worth AED 1.61 billion and 166 apartment transactions valued at AED 2.12 billion. The average value of an off-plan luxury home sold during the month stood at AED 12.1 million.
Within the villa segment, the AED 5 million to AED 10 million price bracket accounted for the highest level of activity, with 99 transactions generating AED 639.2 million in sales. A further 30 villa transactions valued at AED 415.6 million were recorded in the AED 10 million to AED 20 million category.
Luxury apartment sales were similarly concentrated in the AED 5 million to AED 10 million segment, where 111 transactions generated AED 722.3 million in sales. The AED 10 million to AED 20 million category recorded 33 transactions worth AED 475.7 million.
In addition to off-plan activity, developers sold 58 ready residential properties priced above AED 5 million, generating AED 1.01 billion in sales during June. The average transaction value for completed properties reached AED 17.4 million.
Commenting on the market, Talal M. Al Gaddah, Chief Executive Officer and Founder of the Keturah luxury brand, said the premium residential segment continued to demonstrate resilience, with investors maintaining confidence in Dubai's long-term real estate market.
The report also highlighted activity in the ultra-luxury segment. Villas priced between AED 20 million and AED 50 million recorded seven transactions worth AED 207.9 million, while five villas in the AED 50 million to AED 100 million category generated AED 344.9 million in sales.
In the apartment market, 18 transactions in the AED 20 million to AED 50 million segment totalled AED 521.5 million, while three apartment sales priced between AED 50 million and AED 100 million generated AED 197 million. The month also saw a penthouse in Business Bay change hands for AED 200 million.
Among Dubai's residential locations, Dubai Islands recorded the highest number of off-plan transactions above AED 5 million, with 48 sales during June. Dubai South followed with 39 transactions, while Palm Jumeirah recorded 22 high-value off-plan sales.
Keturah currently has two luxury residential developments under construction in Dubai: Keturah Reserve, a AED 5.7 billion bio-living community in Mohammed Bin Rashid City's District 7, and The Ritz-Carlton Residences at Keturah Resort, located on Dubai Creek adjacent to the Ras Al Khor Wildlife Sanctuary.
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