Dhs10.5m Madinat Jumeirah Living Sale Signals New Pricing Tier for Dubai Prime Property

A four-bedroom residence at Madinat Jumeirah Living (MJL) has changed hands for AED 10.5 million, becoming the second-highest residential sale recorded in the community’s history and setting a new benchmark for Dubai’s prime property market.

The transaction, completed through CBA Real Estate, achieved approximately AED 3,821 per sq. ft., highlighting the growing price gap between standard inventory and exceptional properties in Dubai’s most established luxury communities.

The deal was handled by Nadiia Tymoshenko of CBA Real Estate, whose recent performance includes more than 40 completed transactions within a matter of months.

For CBA Real Estate CEO Salman Bin Ali, however, the significance of the sale extends beyond its headline value.

“The market is becoming less about how many listings you can show and more about whether you are connected to the right property at the right moment,” said Bin Ali. “Premium buyers do not need another search result. They need access, judgment and somebody who understands where the real value sits.”

Madinat Jumeirah Living has increasingly attracted attention from buyers seeking scarce, high-quality freehold residences in the Jumeirah area. Its location, limited supply and proximity to some of Dubai’s most recognisable destinations have helped support demand for premium stock.

According to CBA, the latest transaction demonstrates how exceptional properties can command a significant premium over broader community averages when pricing, positioning and buyer demand align.

Tymoshenko said recognising the unique characteristics of the residence was central to the negotiation.

“The important part was recognising that this was not an average property and not allowing the negotiation to treat it like one,” she said. “The buyer understood the rarity of the opportunity, the seller understood the strength of the asset, and our role was to bring those expectations together in a transaction that made sense.”

Bin Ali said the company’s broader objective is to build a brokerage where strong performance is repeatable rather than dependent on individual transactions.

“One big deal can be an event,” he said. “When your company keeps appearing at the upper end of different markets, that starts to tell you something about the platform behind it.”

The AED 10.5 million sale adds another significant transaction to CBA Real Estate’s growing portfolio of high-value deals across Dubai. More broadly, it reflects an increasingly sophisticated prime residential market, where scarcity, property quality and access to the right opportunities are becoming key drivers of value.

For MJL, the transaction reinforces its position among Dubai’s premium residential addresses—and signals that the upper end of the market may be entering a new pricing tier.