![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LZWCZZW3LJCH7PRL4LUTAODH7E.jpg?smart=true&auth=5607bedaacc2b38775dc09e442af1065fb97c319bb1101e786d6dd7a0a1e4710&width=400&height=225)
A luxury villa in Dubai's Emirates Hills sold for Dh102.8 million in 2022. Photo: Phoenix Homes
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/JEGOVNI6GW3VRWLHRKQKMCLGKE.jpg?smart=true&auth=e111c9483d3b73a5ae8ea3f66da281eb194e7ae2420a7da72c37d308ecc2a9e5&width=400&height=225)
The Palm Jumeirah saw the majority of deals in luxury and super luxury sales in Dubai in 2023. AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/GJ6GTB7TE5FRRBG5UO6U7FDBW4.jpg?smart=true&auth=2d1703eea46cf254a20cb88c93a6eb38b6c60da887ccadd30e5816cd034535a8&width=400&height=225)
At 450m, the Franck Muller Aeternitas tower will be one of the tallest in the city when complete in 2027. It will feature 649 one, two and three-bedroom apartments, plus duplexes, over 106 floors – all topped by a giant clock. Photo: London Gate
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/AGNJRRM6PNGFDEXWZOVJ2HK6PU.jpg?smart=true&auth=c15af65f36956514bcacc9264ac1f7b842f4d3ca566d1c325bcdb8fbf8d50d6b&width=400&height=225)
Bayz 101 by Danube will have 1,346 apartments and is the developer's largest project to date in terms of both units and overall space. Photo: Danube Properties
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/B6SGF4O2GJGRNAOD2I4T67AK2E.jpg?smart=true&auth=369fc165fa6d3ffba23318727fbf8e79692b62fad2e8a57b625a7e5619440b36&width=400&height=225)
Sharjah property developer Arada has launched sales for its luxury project in Dubai, the Armani Beach Residences at Palm Jumeirah. Prices start at Dh21 million ($5.7m). Photo: Arada
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/I6YCF3WTIVBBHAJWVOCPJ5MECU.jpg?smart=true&auth=90aeb8192c518cf19d247b8caa6f7262950e9ceaf45b0e388e6556be522280b0&width=400&height=225)
Designed by Japanese Pritzker-Prize-winning architect Tadao Ando, in collaboration with fashion icon Giorgio Armani, Armani Beach Residences features 53 two to five-bedroom residences, plus penthouses and two presidential suites. Photo: Arada
One of the largest private penthouses in Dubai is on sale for Dh600 million. It comprises the three top-three levels and rooftop of Raffles The Palm Dubai Residences. Photo: Emerald Palace Group
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/A6XXE3S2HNF45KNGO5FEPR2NDU.jpg?smart=true&auth=d650bd1ad7fe404569743e84ddbe1102c461498e45234b4d532e1164ac8eb4dc&width=400&height=225)
Dubai's AHS Properties has launched a $850 million project called Casa Canal, located at Dubai Water Canal. Photo: AHS Properties
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/42RWPG6DJBDA7AKXNGRL35RXBA.jpg?smart=true&auth=21c75f41811959489931f2dd52d92ceaafcc1ae67f1eb5de0098b6165eaace4f&width=400&height=225)
Casa Canal will have a mix of residences, including three-bedroom penthouses, four and five-bedroom villas and six-bedroom mansions. Units are priced between Dh22.5 million and Dh185 million and the project is set to be delivered in late 2025. Photo: AHS Properties
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/PE3Z2QVDRVAIRGMO2O5FPCBB4A.jpg?smart=true&auth=c88a1ebf91124db064255a41ea17fc6817470c64a5396e38a37053ae1c20e805&width=400&height=225)
Nakheel, the developer behind The Palm Jumeirah, launched the first waterfront villa project on the Palm Jebel Ali in 2023. Leslie Pableo / The National
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/OFLNCJ6QWZGUHGMFSIWW2VMATM.jpg?smart=true&auth=a5b07ac8376fe7de24546764921d37d7aea2b4f4adac09fc21ffbe0ed6219caa&width=400&height=225)
The launch of properties on four fronds of Palm Jebel Ali offer two types of homes – coral and beach villas, says Nakheel. Photo: Nakheel
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/DV6MBO7OEFG3VC4DGZQMSDR7TU.jpg?smart=true&auth=f48ea7b1ec80bd1df7a48f3a967d50205ccfb0ac5837910a7ffe7d33485422c0&width=400&height=225)
Dubai developer Sankari Properties is building a $1 billion ultra-luxury project in Marasi Business Bay. Units will start at $10 million. Photo: Sankari Properties
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/E7EE3D6MOVHFTJLPTICOBRNJKY.jpg?smart=true&auth=0e1fcdb0bdb4c1f8174f89f20d068552230d342eaef976cefcd21d446253dbc8&width=400&height=225)
Damac launched Cavalli Couture on Dubai Water Canal in 2022. The 14-storey building features 70 units, comprising three, four and five-bedroom duplex sky villas and duplex penthouses. Photo: Damac
Jumeirah Bay Island is one of Dubai's prime residential neighbourhoods. Photo: Bulgari
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/SLBXCNNKEHFSXDQIZS5YMJBBLI.jpg?smart=true&auth=b5a72b703fc26031fc311c085b5c9f9b9cbcd7aca050f6543b2530f8f86ebe99&width=400&height=225)
There were close to 50 sales of Jumeirah Bay Island properties in excess of $10 million in 2023.
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/UVURUVAAKNBOBEQRSICLMG7KSU.jpg?smart=true&auth=28af0fbdccf106554717a8234b43ff8611a9763b7ba539c6fc65f699c899e609&width=400&height=225)
Also much sought-after is The Mansions, Lanai Islands, Tilal Al Ghaf, Dubai. Photo: Knight Frank
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LZWCZZW3LJCH7PRL4LUTAODH7E.jpg?smart=true&auth=5607bedaacc2b38775dc09e442af1065fb97c319bb1101e786d6dd7a0a1e4710&width=400&height=225)
A luxury villa in Dubai's Emirates Hills sold for Dh102.8 million in 2022. Photo: Phoenix Homes
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/JEGOVNI6GW3VRWLHRKQKMCLGKE.jpg?smart=true&auth=e111c9483d3b73a5ae8ea3f66da281eb194e7ae2420a7da72c37d308ecc2a9e5&width=400&height=225)
The Palm Jumeirah saw the majority of deals in luxury and super luxury sales in Dubai in 2023. AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/GJ6GTB7TE5FRRBG5UO6U7FDBW4.jpg?smart=true&auth=2d1703eea46cf254a20cb88c93a6eb38b6c60da887ccadd30e5816cd034535a8&width=400&height=225)
At 450m, the Franck Muller Aeternitas tower will be one of the tallest in the city when complete in 2027. It will feature 649 one, two and three-bedroom apartments, plus duplexes, over 106 floors – all topped by a giant clock. Photo: London Gate
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/AGNJRRM6PNGFDEXWZOVJ2HK6PU.jpg?smart=true&auth=c15af65f36956514bcacc9264ac1f7b842f4d3ca566d1c325bcdb8fbf8d50d6b&width=400&height=225)
Bayz 101 by Danube will have 1,346 apartments and is the developer's largest project to date in terms of both units and overall space. Photo: Danube Properties
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/B6SGF4O2GJGRNAOD2I4T67AK2E.jpg?smart=true&auth=369fc165fa6d3ffba23318727fbf8e79692b62fad2e8a57b625a7e5619440b36&width=400&height=225)
Sharjah property developer Arada has launched sales for its luxury project in Dubai, the Armani Beach Residences at Palm Jumeirah. Prices start at Dh21 million ($5.7m). Photo: Arada
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/I6YCF3WTIVBBHAJWVOCPJ5MECU.jpg?smart=true&auth=90aeb8192c518cf19d247b8caa6f7262950e9ceaf45b0e388e6556be522280b0&width=400&height=225)
Designed by Japanese Pritzker-Prize-winning architect Tadao Ando, in collaboration with fashion icon Giorgio Armani, Armani Beach Residences features 53 two to five-bedroom residences, plus penthouses and two presidential suites. Photo: Arada
One of the largest private penthouses in Dubai is on sale for Dh600 million. It comprises the three top-three levels and rooftop of Raffles The Palm Dubai Residences. Photo: Emerald Palace Group
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/A6XXE3S2HNF45KNGO5FEPR2NDU.jpg?smart=true&auth=d650bd1ad7fe404569743e84ddbe1102c461498e45234b4d532e1164ac8eb4dc&width=400&height=225)
Dubai's AHS Properties has launched a $850 million project called Casa Canal, located at Dubai Water Canal. Photo: AHS Properties
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/42RWPG6DJBDA7AKXNGRL35RXBA.jpg?smart=true&auth=21c75f41811959489931f2dd52d92ceaafcc1ae67f1eb5de0098b6165eaace4f&width=400&height=225)
Casa Canal will have a mix of residences, including three-bedroom penthouses, four and five-bedroom villas and six-bedroom mansions. Units are priced between Dh22.5 million and Dh185 million and the project is set to be delivered in late 2025. Photo: AHS Properties
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/PE3Z2QVDRVAIRGMO2O5FPCBB4A.jpg?smart=true&auth=c88a1ebf91124db064255a41ea17fc6817470c64a5396e38a37053ae1c20e805&width=400&height=225)
Nakheel, the developer behind The Palm Jumeirah, launched the first waterfront villa project on the Palm Jebel Ali in 2023. Leslie Pableo / The National
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/OFLNCJ6QWZGUHGMFSIWW2VMATM.jpg?smart=true&auth=a5b07ac8376fe7de24546764921d37d7aea2b4f4adac09fc21ffbe0ed6219caa&width=400&height=225)
The launch of properties on four fronds of Palm Jebel Ali offer two types of homes – coral and beach villas, says Nakheel. Photo: Nakheel
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/DV6MBO7OEFG3VC4DGZQMSDR7TU.jpg?smart=true&auth=f48ea7b1ec80bd1df7a48f3a967d50205ccfb0ac5837910a7ffe7d33485422c0&width=400&height=225)
Dubai developer Sankari Properties is building a $1 billion ultra-luxury project in Marasi Business Bay. Units will start at $10 million. Photo: Sankari Properties
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/E7EE3D6MOVHFTJLPTICOBRNJKY.jpg?smart=true&auth=0e1fcdb0bdb4c1f8174f89f20d068552230d342eaef976cefcd21d446253dbc8&width=400&height=225)
Damac launched Cavalli Couture on Dubai Water Canal in 2022. The 14-storey building features 70 units, comprising three, four and five-bedroom duplex sky villas and duplex penthouses. Photo: Damac
Jumeirah Bay Island is one of Dubai's prime residential neighbourhoods. Photo: Bulgari
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/SLBXCNNKEHFSXDQIZS5YMJBBLI.jpg?smart=true&auth=b5a72b703fc26031fc311c085b5c9f9b9cbcd7aca050f6543b2530f8f86ebe99&width=400&height=225)
There were close to 50 sales of Jumeirah Bay Island properties in excess of $10 million in 2023.
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/UVURUVAAKNBOBEQRSICLMG7KSU.jpg?smart=true&auth=28af0fbdccf106554717a8234b43ff8611a9763b7ba539c6fc65f699c899e609&width=400&height=225)
Also much sought-after is The Mansions, Lanai Islands, Tilal Al Ghaf, Dubai. Photo: Knight Frank
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LZWCZZW3LJCH7PRL4LUTAODH7E.jpg?smart=true&auth=5607bedaacc2b38775dc09e442af1065fb97c319bb1101e786d6dd7a0a1e4710&width=400&height=225)
A luxury villa in Dubai's Emirates Hills sold for Dh102.8 million in 2022. Photo: Phoenix Homes
World's super-rich snap up Dubai luxury properties in record numbers
Palm Jumeirah records most sales in the high-end bracket in 2023
![Neil Halligan](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/https%3A%2F%2Fs3.amazonaws.com%2Farc-authors%2Fthenational%2F9788586c-d714-4739-883a-faccdf34de85.png?smart=true&auth=e888c745be1f4f071de8aa9cbc90c5e4930b057736f65ee79da808bac1341543&width=70&height=70)
Neil Halligan
16 January, 2024
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