A piece of land in the Palm Jumeirah has sold for Dh365 million ($100 million), the highest price ever recorded at the Dubai iconic site in 2025.
Dubai Sotheby’s International Realty, which mediated the transaction, described the 90,036 square foot sale as a “truly rare find on Palm Jumeirah, where most land has already been developed and freehold plots are tightly held.” The property is located in a sought-after location on the “frond tip.”
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.”
A five-bedroom oceanfront Signature Villa at Six Senses Palm Jumeirah sold for Dh130 million in December of last year, making it one of the top ten most expensive branded homes sold worldwide in 2024, thanks to the efforts of Dubai Sotheby’s International Realty.
The demand for plots is incredibly high as developers and affluent investors “seek to create bespoke residences within Dubai’s most prestigious enclaves.”
Palm Jumeirah’s prices have increased by 18.92% between January and May 2025, even if the amount of transactions has decreased by 14%.
According to data from the Dubai Land Department, over 7,700 plots were sold in Dubai in the first 100 days of the year alone.
25 Degrees, a developer of luxury real estate, is the buyer.