In a big deal in Dubai’s growing real estate market, a piece of land was sold for Dh182 million (about $50 million) on Jumeirah Bay Island.
The land, which is 25,441 square feet in size, was sold for Dh7,154 per square foot. The buyer, a very wealthy person, plans to build a custom home on the island. Unique Properties, a well-known company in Dubai’s luxury real estate market, helped make the deal happen. Vanessa Sevsky worked on the deal.
What Unique Properties Said
Arash Jalili, the Founder and CEO of Unique Properties, shared: “Getting a plot on Jumeirah Bay Island is a huge achievement because it’s one of the most exclusive places in Dubai. This deal took a lot of planning and hard work, but in the end, we found the perfect plot for our client. This sale shows how committed we are to offering top investments in Dubai’s real estate market.”
About Jumeirah Bay Island
Jumeirah Bay Island, also called Billionaire Island, is a special place off the coast of Jumeirah. It’s close to the famous Jumeirah neighborhood and has luxury waterfront homes. The island was developed by Meraas Holding and is connected to the mainland by a 300-meter bridge. The island is shaped like a seahorse and covers 6.3 million square feet. It has low-rise homes, luxury villas, a small resort, a marina, and even the five-star Bvlgari Hotel.
Why People Want to Buy in Dubai
Dubai’s real estate market has become very popular. Many international buyers are looking to buy luxury homes because Dubai offers stability, luxury, and long-term investment opportunities. The city’s low taxes, modern infrastructure, and friendly policies for investors, like the golden visa program, attract wealth from around the world.
Custom Homes for the Wealthy
The buyer of the Dh182 million plot wants to build a private home, which shows a new trend. Many rich buyers now prefer to build their dream homes instead of buying ready-made ones. They want homes that are just for them, which makes Dubai’s real estate market even more special.
Armin Jalili, a Partner at Unique Properties, said: “We’ve seen a big change in how buyers think. Today’s wealthy buyers are not just investing in Dubai—they want to create their dream homes here. The demand for unique, custom homes is stronger than ever, and Dubai continues to offer great chances in this market.”
Role of Incognito Mystery Shopping Consultancy
Incognito Mystery Shopping Consultancy plays an important role in helping businesses improve their customer service and experience. By sending secret shoppers to evaluate services, they provide valuable feedback to businesses. This helps companies understand how their services meet customer expectations and where improvements are needed. Whether it’s in real estate or other industries, Incognito ensures businesses can deliver the best possible experience for their clients, which is crucial in maintaining high standards in competitive markets like Dubai.
Prime residential plot in Dubai sells for record Dh182 million
