With a new milestone in Dubai’s ultra-luxury domain, the sale of a premium plot on Jumeirah Bay Island for AED 182 million (approx. $50 million)—the highest since its inception 13 years ago—has brought forward a promising outlook for Dubai’s property market.

 

Achieving an impressive price of AED 7,154 per square foot, this luxurious 25,441-square-foot beachfront estate surpassed the previous record of AED 125 million ($34 million) for a comparable plot on the island by approximately 45%, reaching $50 million.

Famously known as 'Billionaire Island,' this rapidly emerging premier destination is popular among ultra-high-net-worth individuals seeking luxury and exclusivity in Dubai. This particular 25,441-square-foot plot commands an extraordinary valuation due to several factors that make Jumeirah Bay the crown jewel of Dubai's luxury real estate market:

 

• Strategic Location: The seahorse-shaped island spans 6.3 million square feet and is connected to the mainland by a 300-meter bridge, offering both accessibility and privacy—a rare combination that justifies the AED 7,154 per square foot price tag.

• Branded Luxury Ecosystem: The presence of the Bulgari Resort and Residences and the Bulgari Yacht Club within walking distance fosters an unmatched luxury setting that greatly increases the value of this plot to enjoy five-star services while maintaining the privacy of a custom residence..

• Limited Supply: Given that Meraas Holding tightly regulates the island's development, the limited number of beachfront plots drives fierce competition among global billionaires.

 

As stated by the Founder and CEO of Unique Properties of the 50 million plot sale, Arash Jalili, that being one of Dubai's most exclusive real estate locations, it is a significant achievement which harbored months of strategic negotiations and meticulous planning to determine the ideal opportunity. As the identity of this elite buyer remains confidential, there are plans to develop a custom residence on the plot. With a greater focus on homes tailored to specific preferences, a significant shift in the buyer dynamic has been identified. Armin Jalili, Partner at Unique Properties, expresses how developers aim to achieve this exclusivity and personalization for their clients.

This record sale does not stand alone in Dubai's trophy property landscape. Recent months have seen a AED 330 million villa transaction on the same island, which surpassed a previous record of AED 240.5 million from mid-2024. Additionally, a penthouse at the Bulgari Residence on Jumeirah Bay Island reportedly sold for an astronomical AED 410 million.

As global billionaires continue to flock to Dubai, seeking stability, luxury, and long-term investment opportunities, industry experts anticipate that prices in the ultra-luxury segment will continue their upward trajectory, particularly for beachfront properties in exclusive enclaves like Jumeirah Bay Island.

The combination of limited inventory, strategic location, prestigious branding, and world-class amenities positions Jumeirah Bay Island at the forefront of Dubai's luxury real estate renaissance, with this latest record-breaking transaction serving as a powerful testament to the market's resilience and growth potential.

 

For any enquiries or information, contact info@thelawreporters.com or call us on +971 52 644 3004. Follow The Law Reporters on WhatsApp Channels