3-bedroom flat worth Dh44 million breaks record, sold for highest price per square foot on Palm Jumeirah

Led by the Palm Jumeirah, unprecedented demand for luxury property continues to set records in Dubai as a new three-bedroom duplex apartment has been sold for Dh12,387 per square foot on the Palm Jumeirah, becoming the most expensive property to be sold per square foot on the man-made island and the second most expensive in the emirate.

The previous record was held by a three-bedroom apartment at Bulgari Resorts and Residences, which was sold for Dh13,543 per square foot in February 2023 and with a total price tag of Dh42.9 million.

The three-bedroom duplex apartment at the Royal Atlantis was sold for Dh44 million by Olga Mannila, sales manager at Penthouse.ae, a luxury division of Metropolitan. Equipped with a private swimming pool and an array of lavish features and amenities, the duplex apartment was acquired by a first-time Russian investor.

Petri Mannila, head of luxury at Penthouse.ae, said global investors continue to exhibit a keen interest in Dubai’s exclusive real estate offerings.