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.

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.