The most expensive mansion and the most expensive apartment sold in Dubai

Majid Al Futtaim Development has set a new benchmark for luxury real estate in Dubai by selling a luxury mansion on Lanai Island for AED 200 million ($54.46 million), which was the highest registered property value recorded in the Tilal Al Ghaf area to date. The gated complex, located in the heart of Dubai, has become a very popular destination for those looking for maximum luxury.

The 200 million AED deal highlights the high demand for premium real estate in Dubai, where the real estate market is currently at an all-time high in 12 years. According to the Dubai Land Department, 88,029 transactions worth AED 239.64 billion ($65.26 billion) were made in Dubai in 2022, which is almost double the sales volume of AED 151.07 billion ($41.14 billion) achieved in 2021.

Located on a large corner plot with extensive landscaped gardens that extend to its private water facade, Lanai Island Mansion offers an expanse of interior space measuring over 2,787 square meters. The villa has eight bedrooms and, of course, several unique amenities, including a floating lounge deck right on the water, a "sunken" roof terrace with an unsurpassed 360-degree view of the lagoon and a triple-height courtyard that brings light and lush greenery to the heart of the house.

As for the most expensive apartment, according to Luxhabitat Sotheby's, an apartment in Downtown Dubai was sold for a record amount of AED 151,200 ($41,174) per square meter.

The official start of sales of Exclusive Baccarat Residences brand residences located in Downtown Dubai took place just a month ago, and a residence has already been sold here at a record price in terms of price and size.

According to Bloomberg reports, we are talking about the sale of a five-bedroom residence for $55.3 million (AED 203.1 million) in a residential complex, the construction of which has not yet begun.

This ultra-luxury complex of branded residences Baccarat Residences overlooking the iconic Burj Khalifa includes 49 apartments with two to five bedrooms, located on 24 floors.