A three-bedroom Canal Cove villa on Palm Jumeirah has sold for Dhs24 million, setting a new price record for the community, according to property investment platform SmartCrowd.
The villa was purchased by SmartCrowd for Dhs11.3 million in 2025 and sold about a year later, marking a significant price increase within a short holding period.
Palm Jumeirah sale
The sale surpassed the previous Canal Cove record of Dhs18.5 million by around 30 percent. The transaction was completed before renovation works were fully finished, reflecting strong demand for luxury waterfront homes on Palm Jumeirah.
SmartCrowd said investors achieved a net return on investment of more than 25 percent from the deal, which was completed after a 13-month holding period.
“This milestone illustrates the power of data-driven decision making and our team’s ability to identify and unlock value in prime assets,” said Riz Ahmed, CEO of SmartCrowd.
He added: “Exceeding projections by a huge 30% margin reinforces investor confidence in our Flip strategy and demonstrates the strength of Dubai’s luxury real estate market.”
The company said the transaction aligns with its renovation-led investment approach, which focuses on identifying underperforming properties and enhancing their value before resale.
SmartCrowd reported total sales proceeds of more than Dhs220 million from over 60 completed property exits to date. The platform offers fractional property ownership, with entry investments starting from Dhs500.
Dubai property market
The record sale comes amid continued growth in Dubai’s luxury real estate sector. Market reports from 2025 showed double-digit growth in prime residential areas, with high-value transactions and increased participation from international investors.
The company also pointed to Dubai’s regulatory environment, including initiatives by the Dubai Land Department, as a factor supporting transparency and sustained investor interest in the emirate’s property market.
