Palm Jumeirah property and plot values are having another good year
Dubai: The Palm Jumeirah keeps on giving - a land has just been sold for Dh365 million ($100 million) and is the highest recorded on the Dubai signature location in 2025.
The area sold spans 90,036 square feet and occupies a coveted spot on the 'frond tip' – a 'truly rare find on Palm Jumeirah, where most land has already been developed and freehold plots are tightly held', according to Dubai Sotheby's International Realty, which brokered the deal.
According to George Azar, Chairman and CEO of Dubai Sotheby's International Realty, “Palm Jumeirah unequivocally remains the ultimate address for Dubai’s global elite. The sale underlines the intense demand for unparalleled ultra-prime waterfront living (in Dubai).
"As prime inventory continues to tighten, we anticipate land values and bespoke mansion prices will appreciate significantly in the years to come.”
In December last, Dubai Sotheby's International Realty notably facilitated the sale of a 5-bedroom beachfront Signature Villa at Six Senses Palm Jumeirah for Dh130 million - among the Top 10 most expensive branded residences sold globally in 2024.
Plots are experiencing exceptionally robust demand as both developers and wealthy investors 'seek to create bespoke residences within Dubai’s most prestigious enclaves'.
For January-May 2025, Palm Jumeirah has seen prices surge by 18.92%, despite a 14% dip in transaction volume.
Data from the Dubai Land Department reveals that over 7,700 plots across Dubai were transacted within the first 100 days of the year alone.
The buyer is 25 Degrees, a luxury property developer.
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