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Published on 04/14/2025

Record Set: Dh182 Million Land Deal Seals Jumeira Bay’s Status as Dubai’s Ultra-Luxury Hotspot

Jumeira Bay Tops Previous Dh125M Record Amid Wave of Ultra-Luxury Deals Including Dh330M Villa and Dh410M Penthouse

A plot on Dubai’s ultra-exclusive Jumeira Bay Island has just sold for a record-breaking Dh182 million ($50 million), marking the island’s costliest land transaction to date. The 25,441 sq. ft. plot shattered the previous record of Dh125 million and will soon be home to a bespoke luxury residence.

“This wasn’t just a transaction—it was months of planning and precision,” said Arash Jalili, CEO of Unique Properties, the firm behind the deal.

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Developed by Meraas and spanning 6.3 million sq. ft., Jumeira Bay is linked to the mainland via a 300-meter bridge and is home to some of Dubai’s most elite addresses.

The Dh182 million land sale follows a series of jaw-dropping deals on the island, including a Dh330 million villa and a Dh410 million Bulgari penthouse, reinforcing its reputation as one of the priciest and most prestigious enclaves in the city.