Revealed: Dubai’s most expensive home in 2019

Supplied

AED 74 million. That’s the value of the most expensive home to be sold in Dubai this year, and the unit is still under construction.

According to the real estate portal Property Finder, the five-bedroom luxury off-plan apartment on Palm Jumeirah will span 24,000 square feet when complete.

In second place is a 6-bedroom villa on Emirates Hills that fetched AED 64 million, while third on the list is a 5-bedroom villa on the Palm Jumeirah's Fronds, worth AED 51 million.

Going by Dubai Land Department’s data for the first quarter, buyers seem to have a bigger inclination for off-plan super-luxury properties versus the secondary market.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!