The sale was brokered by listing agent Conor McKay of Belleview Real Estate, and comes after the property market's strong start to the year.
Dubai real-estate platform Property Monitor verified that the transaction broke the previous Dubai real-estate record of AED185 million, which was set in 2015, per a Belleview Real Estate press release.
"The transaction not only beats Dubai's previous record, but closes the gap between Dubai's luxury market and those of leading global cities such as London, New York, and Hong Kong," Zhann Jochinke, the chief operating officer of Property Monitor, wrote in the press release.
Property Monitor, Belleview Real Estate, and McKay did not immediately respond to Insider's requests for comment.