Dubai's Palm Jumeirah plot sells for highest value of 2025 to date

Palm Jumeirah property and plot values are having another good year

Last updated: June 17, 2025 | 14:25

Manoj Nair, Business Editor

1 MIN READ

The Palm Jumeirah remains at the center of investor attention for any opportunity that comes through. A Dh365 million deal for a coveted piece of land is the latest.

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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.

Also Read: Old Dubai Zoo site in Jumeirah to be turned into residential project

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.

Also Read: Palm Jebel Ali: Three infrastructure contracts for Dh750m awarded

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.

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.