In one of Dubai's most prestigious and iconic areas, Palm Jumeirah, a 90,036-square-meter plot of land was sold for a record 365 million dirhams (approximately US$100 million).
According to local brokers, this deal is extremely rare: nearly all of the land on the island has been developed, and vacant plots are highly valuable.
The sold plot is located at the "top of the canopy" — one of the most desirable locations in Palm Jumeirah — offering panoramic views of the sea, the Dubai skyline, and a private beach. The buyer is 25 Degrees, a company that specializes in premium real estate. According to some reports, the developer intends to build ultra-luxurious villas with unique architecture and private infrastructure.
Palm Jumeirah remains a magnet for the global elite. Local experts say this deal highlights the steady demand for exceptional, ultra-premium coastal properties.
Due to limited supply, land and property prices on the island continue to rise steadily.
Analysts report that the value of plots on Palm Jumeirah increased by 18.92% between January and May of 2025, despite a 14% overall decline in transactions. This indicates strong investor interest and competition for exclusive locations.
The Dubai Land Department reported that more than 7,700 plots of land were sold in the emirate during the first 100 days of 2025, with Palm Jumeirah remaining one of the most sought-after destinations.
Demand for large plots is growing rapidly, as both wealthy individuals and elite developers seek to build residences that reflect their owners' individual styles and lifestyles.