The Dubai real estate market has witnessed a record-breaking sale as a fully upgraded, ready apartment on Jumeira Bay Island has been sold for AED17,000 ($4,600) per square foot.
It represents the highest ever achieved for a ready apartment in the city.
Located on a high floor, the residence offers dual panoramic views of the iconic Dubai skyline and the Bulgari Marina.
Dubai real estate sales record
This historic transaction was handled by real estate agents Lina Allaoa and Kianoush Darban of Driven Properties who represented the seller in this record-breaking deal.
Jumeira Bay Island epitomises luxury and exclusivity in the city. Connected to the mainland by a 300m bridge, it is home to the prestigious Bulgari Resort and Residences.
Abdullah Alajaji, CEO and Founder of Driven Properties, said: “Setting this new record is a testament to Driven Properties’ unwavering commitment to excellence and our profound understanding of the luxury real estate market.
“This sale demonstrates that Dubai’s market remains strong and resilient, with demand for high-end properties continuing to thrive. Lina and Kianoush have once again showcased their remarkable ability to exceed the expectations of our discerning clientele.
“This record-breaking transaction is a proud moment for us, further proving that Dubai continues to attract elite buyers seeking the very best in real estate.”
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