Unique Properties Facilitates Record-Breaking AED 182 Million Land Sale on Jumeirah Bay Island
Saturday, 5 April 2025
Unique Properties, a leader in Dubai’s ultra-luxury real estate market, has closed a record AED 182 million land sale on Jumeirah Bay Island, securing a 25,441 sq. ft. beachfront plot for an ultra-high-net-worth individual planning a custom luxury home.
Key Highlights of the Sale:
- Record-Breaking Transaction: Unique Properties finalizes AED 182 million ($50 million) land sale on Jumeirah Bay Island, priced at AED 7,154 per sq. ft.
- Prestigious Location: The 25,441 sq. ft. residential plot is located on Jumeirah Bay Island, one of Dubai’s most exclusive destinations, also known as “Billionaire Island.”
- Ultra-Luxury Custom Home: The buyer, a high-net-worth individual, plans to develop a bespoke private residence, reflecting the rising demand for personalized luxury homes in Dubai.
- Expert Facilitation: Deal closed by Vanessa Sevsky of Unique Properties, showcasing the firm’s strategic negotiation and premium client service.
- Exclusive Island Features: Jumeirah Bay Island spans 6.3 million sq. ft. and offers luxury villas, a world-class marina, boutique resort, and the iconic Bvlgari Hotel.
- Investor Confidence: Driven by Dubai’s low-tax regime, golden visa incentives, and strong infrastructure, the market sees a surge in international investment in premium assets.
- Changing Market Trends: High-net-worth investors now seek exclusivity and design freedom, favoring custom-built homes over ready-made properties.
- Leadership Insight: Arash Jalili and Armin Jalili of Unique Properties emphasize the firm’s commitment to securing elite investment opportunities and redefining luxury living in Dubai.
