10 hours ago
Dubai: Mega Palm Jumeirah plot sells for staggering $100 million
In another record in Dubai's booming ultra-luxury real estate market, a prime residential plot on Palm Jumeirah has been sold for a staggering Dh365 million ($100 million). This transaction marks the highest-value land deal recorded on the iconic island in 2025, underscoring its enduring appeal to the ultra-high-net-worth market.
Dubai Sotheby's International Realty.
Spanning 90,036 sq. ft., the plot occupies a coveted 'frond tip' position – a rarity on Palm Jumeirah, where most land has already been developed and freehold plots are tightly held. Boasting uninterrupted views across the Arabian Gulf, Bluewaters Island, and the Dubai Marina skyline, the property offers an unparalleled blend of absolute privacy and breathtaking, iconic panoramas.
George Azar, Chairman & CEO of Dubai Sotheby's International Realty, which brokered the sale, said: 'Palm Jumeirah unequivocally remains the ultimate address for Dubai's global elite. The sale of this exceptionally rare frond tip plot emphatically underlines the enduring prestige of the island and the intense demand for unparalleled ultra-prime waterfront living. As prime inventory continues to tighten, we anticipate land values and bespoke mansion prices will appreciate significantly in the years to come.'
This landmark deal is indicative of a broader trend witnessed throughout 2025, as Dubai continues to achieve unprecedented milestones in its real estate sector. In December 2024, Dubai Sotheby's International Realty also facilitated the sale of a five-bedroom beachfront Signature Villa at Six Senses Palm Jumeirah for Dh130 million ($35.4 million), a transaction that ranked among the top ten most expensive branded residences sold globally in 2024.
Land plots, in particular, are experiencing exceptionally robust demand as both developers and ultra-high-net-worth individuals (UHNWIs) seek to create bespoke residences within Dubai's most prestigious enclaves, driven by the continued influx of UHNWIs to the emirate. According to Dubai Sotheby's International Realty, for January-May 2025, Palm Jumeirah has seen prices surge by 18.92 per cent, despite a 14 per cent dip in transaction volume, highlighting the intense value appreciation in this exclusive market. Data from the Dubai Land Department reveals that over 7,700 plots were transacted within the first 100 days of the year alone, underscoring this intense market activity.
Leigh Borg, Executive Partner at Dubai Sotheby's International Realty, exclusively represented the seller in this significant transaction. The buyer, 25 Degrees, is a premier luxury property developer renowned for crafting architecturally significant, ultra-bespoke residences across Dubai's most elite enclaves.
'The demand for super-prime real estate in Dubai is truly extraordinary, and the appetite for exclusive, meticulously crafted residences has never been stronger,' stated Leigh Borg. 'In today's highly competitive market, developers must differentiate themselves through unparalleled originality and visionary design. This extraordinary plot presents 25 Degrees with a once-in-a-generation opportunity to deliver a truly iconic residence, poised to set a new benchmark for ultra-luxury living on the Palm.'
