Luxury Property Dubai: A $23 Million Apartment on Palm Jumeirah Leads a $3.4 Billion Week

The market for luxury property in Dubai closed another strong week on Friday, November 13, 2026. Figures from Dubai Land Department, published on Saturday, show transactions worth AED 12.43 billion, or about $3.4 billion, between November 9 and November 13. Sales accounted for AED 8.04 billion, some $2.2 billion, across 2,433 transactions, a rhythm of nearly five hundred completed sales on every working day.

The balance of the week's activity was made up of mortgages, worth AED 2.89 billion, about $787 million, and gifts of property, worth AED 1.5 billion, about $408 million. Mortgage activity of that scale is a quiet sign of maturity: it shows buyers and lenders committing to the market for the long term, rather than a market moved by cash alone.

That the week's largest transaction should be an apartment, and not a villa, says much about how the summit of the Dubai property market has evolved. A decade ago the most valuable homes in the city were almost all villas on the fronds of Palm Jumeirah or in Emirates Hills. Today the finest towers, with private floors, sky gardens and full hotel-style service, command prices that once belonged only to beachfront houses, and Como Residences, on Palm Jumeirah, is among the addresses where that change can be seen most clearly.

The other two sales tell a complementary story. An office in Business Bay at more than AED 30 million confirms the strength of demand for prestige commercial space in a city where companies continue to arrive, while the sale at Muraba Veil, beside the Dubai Water Canal, shows that the canal front has become one of the most sought-after settings for Luxury Real Estate in the heart of the city.