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08/04/2025 10:03 AST
A plot on Jumeira Bay island has reset the record for priciest deal, with a 25,441 square feet plot going for Dh182 million (around $50 million).
The previous costliest transaction on Jumeira Bay was for Dh125 million ($34 million).
"Securing a plot on Jumeirah Bay Island is a significant achievement, given its status as one of Dubai's most exclusive real estate locations," said Arash Jalili, founder and CEO of Unique Properties, which oversaw the deal for a client.
"This deal was the result of months of strategic negotiations and planning to pinpoint the ideal opportunity. In the end, we successfully acquired an outstanding plot for our client."
Developed by Meraas Holding, Jumeira Bay is connected to the mainland by a 300-metre bridge and 'features some of the city's most sought-after plots'. It spans 6.3 million square feet.
The buyer of the Dh182 million plot will build a bespoke home, adding one more in a location that's got its fair share of them.
It was as recently as last month that Jumeirah Bay saw a Dh330 million deal for a villa, which bettered the previous high of Dh240.5 million, a transaction recorded in mid-2024.
And there was the Dh410 million one for a penthouse at the Bulgari Penthouse, another attraction on the island.
Gulfnews
17/04/2025
Saudi Arabia's Tadawul All Share Index closed Wednesday's trading session in positive territory, rising 17.61 points to reach 11,634.42, an increase of 0.15 percent.
The total trading turnov
Arab News
17/04/2025
Saudi Arabia issued 8,357 licenses for private hospitality facilities in 2024, marking a 333 percent year-on-year surge as the Kingdom ramps up efforts to build a globally competitive tourism sector.
Arab News
16/04/2025
Expatriate remittances from Saudi Arabia surged to SR12.78 billion ($3.41 billion) in February, marking a 37.04 percent increase compared to the same month last year, according to recent data.
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Arab News
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17/04/2025
As Oman accelerates its digital transformation journey under Vision 2040, Oman Data Park - the sultanate's premier managed services provider - has emerged as a key enabler of this shift towards digit
Muscat Daily
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Saudi Arabia is on track to become a dominant force in the $8 billion feeder shipping market across the Middle East, Eastern Africa, Turkiye, and South Asia by 2030, according to new research.
Arab News
17/04/2025
Saudi Arabia issued 8,357 licenses for private hospitality facilities in 2024, marking a 333 percent year-on-year surge as the Kingdom ramps up efforts to build a globally competitive tourism sector.
Arab News
16/04/2025
Saudi Arabia's retail real estate market is poised for growth in the near term, driven by population growth, expanding tourism, and economic diversification efforts under the Vision 2030 initiative,
Arab News
16/04/2025
Saudi Arabia's asset management industry grew by 20 percent year on year in 2024, pushing the sector's total assets to SR1 trillion ($266 billion) for the first time, according to a new analysis by F
Arab News
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