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06 Feb, Monday
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Jumeirah Bay Island sees most expensive residential land deal

Luxhabitat Sotheby’s International Realty has announced that it has successfully closed the single biggest residential land sale in Jumeira Bay Island for Dh180 million. The land which is comprised of LV21 & LV22 plots, spans across a massive 46,222 sq.ft of prime beachfront location. A location of choice for Dubai’s billionaires and beginning to resemble Monaco’s Larvotto district, Jumeira Bay offers prime beachfront real estate for ultra-high net worth individuals to build their dream homes. Jumeira Bay has the highest density of billionaires on a single stretch in the UAE; exceeding Palm Jumeirah, Emirates Hills, Dubai Hills when it comes to the density of billionaires per sq. m. According to the Dubai Land Department, over AED 953 million in sales have been recorded in this area between January 1 and July 31 2022. 

Photo used for illustrative purpose only

The sale of this plot in Jumeirah Bay Island breaks the previous record of LUXHABITAT Sotheby’s having sold a site in the neighborhood for Dh150 million in January 2022.

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