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Arada records AED92.5 million sale at Armani Beach Residences
Arada · 16 Mar 2026 · 1 min read
Former UFC champion Francis Ngannou has purchased a five-bedroom residence at the ultra-luxury Palm Jumeirah development for AED92.5 million.
Arada has announced the sale of a five-bedroom residence at Armani Beach Residences at Palm Jumeirah to Francis Ngannou, the former UFC heavyweight champion and professional boxer. The transaction for the 11,521 square foot property reached a total value of AED92.5 million.
The residence includes a private pool and is part of a select collection of 57 homes designed by Pritzker Prize-winning architect Tadao Ando. The project is a partnership between Arada, the Armani Group, and Casa Interior Design Studio, featuring 90,000 square feet of amenities and views of the Arabian Gulf.
According to Arada, construction on the beachfront development is progressing well. The project remains on track for completion in 2027. The sale highlights sustained demand for high-value branded residences within the Dubai property market.
KEY POINTS
- Francis Ngannou purchased the unit for AED92.5 million
- The five-bedroom residence spans over 11,500 square feet
- Project designed by Pritzker Prize-winner Tadao Ando
- Construction is scheduled for completion in 2027
WHY IT MATTERS FOR ALJADA
This high-profile sale demonstrates the growing global prestige of Arada as a developer. For Aljada residents and investors, the company's success in the ultra-luxury branded segment at Palm Jumeirah reinforces the developer's financial strength and its ability to attract international icons and high-net-worth individuals to its diverse portfolio of UAE projects.
