Dubai property: $61.5m Palm Jumeirah home sold as prices hit $3,057 per sq ft
Palm Jumeirah ultra-luxury property sales saw a $61.5m transaction in H1 2026 as OMNIYAT recorded 14 off-plan Dubai deals worth AED20m or more.
A Palm Jumeirah residence sold for AED225.965m ($61.5m) during the first half of 2026 as demand from wealthy buyers continued across Dubai’s ultra-luxury property market.
The transaction at The Alba Residences was the highest-value residential deal within Palm Jumeirah’s AED20m ($5.4m)-plus off-plan segment during the period, according to OMNIYAT, which recorded 14 qualifying transactions and also achieved the segment’s highest price per square foot at AED11,227 ($3,057).
The AED225.965m ($61.5m) transaction at The Alba Residences represented Palm Jumeirah’s highest-value residential transaction within the AED20m ($5.4m)-plus off-plan segment in H1 2026.
OMNIYAT said it ranked first across three measures in the segment during the first six months of the year:
- Transaction volume
- Highest-value transaction
- Highest price per square foot
It also recorded the segment’s highest price per square foot at AED11,227 ($3,057).
The results point to continued demand from high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) for properties on Palm Jumeirah.
Peter Stephenson, Co-Managing Director of OMNIYAT, said: “These results reflect the strength of our approach on Palm Jumeirah and the consistent demand we are seeing across our developments. Our focus is on delivering distinctive residences with exceptional quality and a highly considered living experience, while maintaining the standards of execution and detail that define OMNIYAT.”
Palm Jumeirah continues to attract international demand across the ultra-luxury residential segment in Dubai.
According to OMNIYAT, wealthy buyers are increasingly seeking distinctive homes combining quality and privacy with long-term investment value in globally recognised locations.
The developer said demand is focused on architecturally distinctive residences offering design, craftsmanship, privacy and curated lifestyle experiences.
OMNIYAT AED20m-plus Palm Jumeirah off-plan segment
OMNIYAT’s H1 performance covers its Palm Jumeirah developments The Alba Residences, ORLA and ORLA Infinity.
The developer said its results put it first for transaction volume, highest-value transaction and highest price per square foot in off-plan Palm Jumeirah sales valued at AED20m ($5.4m) and above during H1 2026.
The performance comes as international buyers continue to target the Dubai ultra-luxury residential market.
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