Despite a general slowdown in the Dubai residential market, hot ticket properties were still sold. Here are the top 10 most expensive properties bought this quarter:
1. Emirates Hills villa, Aed 90 MILLION
An Emirates Hills villla sold for AED 90 million, according to data from Property Monitor. The villa was sold in 17th September. However, further details have not been revealed about this transaction.
2. Burj Khalifa apartment, Downtown Dubai, AED 47.5 million
A 33,750 sqft apartment was sold in the Burj Khalifa for AED 47.5 million. Due to the sheer size, we can estimate that it was at least half a floor sold in the tallest building in the world. The property featured above is a 4-floor 4,596 sqft penthouse listed at AED 15 million.
3.Palm Jumeirah villa, AED34.2 million
On the Palm, a villa was sold for AED 34.2 million, presumably a signature villa on the fronds similar to the one pictured above.
4. Palm Jumeirah Villa, AED 32 million
Another 15,000 sqft villa was sold on the Palm for AED 32 million. This was also presumably a Signature villa.
5. Burj Khalifa, Downtown Dubai, AED 30 million
6. Palm Jumeirah villa, AED 30 million
Yet another villa in the Palm Jumeirah was sold at AED 30 million. However, the size of the villa was not shared.
7. Emirates Hills villa, AED 30 million
A 12,055 sq ft Emirates Hills villa was also sold at AED 30 million. By this quarter, it seemed like luxury property buyers were still flocking to elite, established areas instead of opting for off-plan properties.
8. Palm Jumeirah Villa, AED 28 million
A 5-bedroom villa on the Palm sold for AED 28 million. This villa had a built up area of 26,603 sqft.
9. Bulgari Resorts & Residences, Jumeira Bay, AED 27.5 million
A unit sold at the exclusive BV Residences/ Bulgari Resorts & Residences for AED 27.5 million. It spanned 13,396 sq ft, which indicates it was probably a mansion.
10. Frond C villa, Palm Jumeirah, AED 25 million
A 17,243 sq ft villa on the Palm Jumeirah's C frond sold for AED 25 million, rounding off our list for Q3's most expensive properties sold. To learn more about Q3 2018 trends, check out our report here.
Editor's Note: The data is sourced from Property Monitor. The properties shared alongside the list are not the ones sold, but provide a pictorial representation of a similar property.