A prime plot on Palm Jumeirah has been sold for AED 88 million ($24 million), marking the highest price-per-square-foot land transaction recorded in Dubai for 2025. Brokered by B1 Properties, the deal for the 13,579-square-foot parcel underscores the intense demand and limited supply in one of the world’s most exclusive residential markets.
Transaction Overview: A Record-Setting Deal
The sale sets a new benchmark for land value in Dubai’s ultra-prime segment, highlighting the premium placed on Palm Jumeirah’s rare development plots.
| Detail | Specification |
|---|---|
| Sale Price | AED 88 Million (US $24 Million) |
| Plot Size | 13,579 Square Feet |
| Location | Palm Jumeirah |
| Broker | B1 Properties (Dual Agency) |
| Transaction Speed | 1 Week (from engagement to transfer) |
Market Context: Insatiable Demand for Palm Plots
The transaction reflects the sustained, high-intensity demand from investors and homeowners seeking to build bespoke luxury villas on the iconic archipelago.
Babak Jafari, CEO & Founder of B1 Properties:
“The appetite for premium plots on Palm Jumeirah remains insatiable. Clients who act decisively to secure these rare parcels are well positioned to benefit from long-term exclusivity and strong capital appreciation.”
Key Market Drivers:
- Scarcity: Extremely limited supply of developable land.
- Customization: Demand for tailored, signature lifestyle homes.
- Investment Appeal: Strong long-term capital appreciation prospects.
Broader Prime Market Performance
This record plot sale occurs within a remarkably active year for Dubai’s high-end residential market.
2025 Prime Market Data (Savills Report):
- High-Value Transactions: Nearly 6,000 deals above AED 10M by mid-November.
- Year-on-Year Growth: A 24.4% increase in ultra-prime transactions.
- Palm Jumeirah Dominance: Accounted for 34% of all prime residential transactions in Q3 2025.
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Sources: B1 Properties, Savills Middle East Dubai Prime Residential Market Report.
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