PC: Arabian Business
A residential land plot located on Jumeirah Bay Island reached a selling price of AED 182 million which converts to approximately $50 million. The residential land plot sale establishes the high demand for luxury real estate properties in Dubai’s prestigious region through its price of AED 7,154 per square foot. An ultra-high-net-worth buyer intends to build their custom home on Jumeirah Bay Island because wealthy property seekers now choose distinct abodes instead of standard built residences.
Dubai’s leading developer Unique Properties managed the luxury real estate transaction in this market segment. The sale demonstrates Unique Properties’ strong capability to compete in real estate markets and land premium deals that appeal to high-end investors. Arash Jalili at Unique Properties highlighted that obtaining real estate on Jumeirah Bay Island stands as a major accomplishment because of this prime Dubai location’s desirability.
Billionaire Island or formally Jumeirah Bay Island stands as a special residential zone which exists off Jumeirah’s coastline. This island presents exclusivities in luxury waterfront real estate through its selection of boutique resort hotel, world-class marina, boutique hotel, luxury villas, low-rise residences and a five-star Bvlgari Hotel. The area represents luxury living at a premium level because it attracts wealthy global citizens.
Various conditions including market changes and demographic patterns drive the increased interest for ultra-luxury properties throughout Dubai. Ongoing access to low taxation, advanced infrastructure, and welcoming investment regulations through the golden visa program make Dubai an excellent purchasing place for foreign investors looking for certainty and sustainable investment returns. The real estate market of Dubai has grown substantially thanks to a substantial rise in luxury property transactions.
Jumeirah Bay Island stands out because it presents an exclusive selection of land plots measuring at 128 units whereas Palm Jumeirah offers thousands of available plots. Limited availability of properties in Jumeirah Bay Island boosts buyer interest because potential owners want to obtain a part of this exclusive neighborhood. Jumeirah Bay Island hosts one of the highest concentrations of billionaires who construct enormous mansions that maximize their positions between marina waterside and beachfront properties.
The $50 million sale of Jumeirah Bay Island property represents the thriving situation of Dubai’s exclusive real estate sector. Luxury property demand will experience steady growth in Dubai because elite home buyers continue choosing custom residences that reside in unique locations leading to an increasingly prestigious luxury destination.
