Mashable: The Abu Dhabi property market had its priciest apartment sale

At Dh137m, Abu Dhabi has recorded the sale of the priciest apartment in the Emirates.

According to the Gulf News, the United Arab Emirates capital of Abu Dhabi has set a brand new record for selling the most expensive apartment sale in the Emirates.

The biggest listed developer in the UAE capital, Aldar has reportedly sold the most expensive apartment in the Emirate for Dh137 million aka $37 million.

As demand for luxury properties continues to rise in Abu Dhabi, Aldar's Nobu Residences on Saadiyat Island just landed the Emirates’ priciest apartment sale to date.

A 3-bedroom penthouse by Aldar set the record for the most expensive apartment deal in the Emirate, selling for Dh137 million in Abu Dhabi. Located at the Nobu Residences on Saadiyat Island which is also home to multiple Aldar-backed communities and other residential options, the deal also fetched the highest price per square metre sale.

Explore Abu Dhabi through the eyes of its artists, and you’ll find a city rich in community and connection. From pottery and traditional arts to a vibrant art scene with exhibitions and art markets. This city is a canvas for creativity with togetherness.#LiveAldar pic.twitter.com/p33kG3PjL5 — ALDAR (@aldar) March 18, 2024

Aldar, being the developer and seller recorded the “highest price per square metre achieved in the emirate - at more than Dh96,000”. Meanwhile, the total area sold is 1,430 square metres.

Aldar, in a statement, said, “Driving the desirability of Abu Dhabi is a transparent and business-friendly environment, enriching entertainment, beachside living on one of 200 natural islands, and incentives like the 10-year Golden Visa programme.”

This milestone comes after the recent record sale of a four-bed duplex sky villa deal at Dh130 million, also at Nobu Residences Abu Dhabi.

“This milestone transaction at Nobu Residences not only sets a new benchmark for residential property in Abu Dhabi but also underscores the maturity of the real estate market,” said Talal Al Dhiyebi, the CEO of Aldar.

The property market in the Emirates has seen a robust growth momentum after the coronavirus-induced slowdown in 2021.