In a significant transaction that sets a new record in Dubai’s luxury real estate market, Dubai Sotheby’s International Realty has successfully sold a distinctive residential plot in Palm Jumeirah for 367 million dirhams (approximately 100 million USD). This sale marks the highest price for land sold on the island in 2025.
The plot spans an impressive area of 90,036 square feet and is distinguished by its prime location at the apex of Palm Jumeirah.
George Azar, the Chairman and CEO of Dubai Sotheby’s International Realty, remarked that this remarkable deal reflects a significant trend in 2025, as Dubai continues to achieve unprecedented successes in its real estate sector. In December 2024, Dubai Sotheby’s facilitated the sale of a luxury five-bedroom villa overlooking the sea in Six Senses Residences, Palm Jumeirah, for 130 million dirhams (35.4 million USD), which was among the top ten global branded residences sold in 2024.
There is particularly extraordinary demand for land, as developers and affluent individuals seek to create custom-tailored homes in the most exclusive areas of Dubai, driven by a continual influx of wealthy residents into the emirate. According to Dubai Sotheby’s International Realty, Palm Jumeirah experienced a rise in property prices by 18.92% from January to May 2025, and data from the Dubai Land Department indicates that over 7,700 plots have been traded in the first 100 days of the year, underscoring this vigorous market activity.
Lee Borg, the executive partner at Dubai Sotheby’s International Realty, acted exclusively for the seller in this pivotal transaction. The distinguished buyer is 25 Degrees, a premier luxury real estate developer known for crafting unique architectural designs in Dubai’s upscale neighborhoods.
Lee Borg stated that the demand for luxury properties in Dubai is remarkable, and the interest in exclusive, meticulously designed homes has never been stronger. In today’s highly competitive market, developers need to differentiate their projects with unparalleled originality and innovative designs that look to the future. This exceptional land provides 25 Degrees with a unique opportunity to create a distinguished residence that sets new standards for luxury living on Palm Jumeirah.