Dubai’s real estate market witnessed a record-breaking sale today, with a villa still under construction being sold for AED 220 million. The deal highlights the remarkable momentum currently seen in the emirate’s luxury property sector.
According to data from the Dubai Land Department, the villa is located within the Amali Island Project in the The World Islands development. The property spans an area of 58,082 square feet and includes seven bedrooms and a spacious living hall. The price per square foot reached AED 3,788.
This notable transaction took place in one of Dubai’s most prestigious waterfront destinations. The deal reflects the continued and growing confidence of global investors in the luxury real estate market, particularly in exclusive waterfront projects that offer limited supply.
It is worth noting that Amali Properties is developing the Amali Island project within The World Islands at a total cost of AED 2 billion. The development will feature only 24 villas, with the entire project expected to be completed and delivered by the first quarter of 2027.
At the beginning of trading on Thursday, the total value of real estate sales in Dubai reached approximately AED 738 million through 198 transactions, further reinforcing the emirate’s position as a major hub for real estate investment.
