Dubai’s luxury real estate market has reached a new milestone in 2025, with a prime plot on Palm Jumeirah selling for AED 88 million, marking the highest price per square foot recorded for land this year.
The transaction, involving a 13,579-square-foot plot, was facilitated by B1 Properties, which represented both the buyer and seller. The deal was completed within just one week, highlighting the strong demand and rapid pace of transactions in the Palm Jumeirah market.
Palm Jumeirah continues to attract strong interest from high-net-worth buyers seeking bespoke luxury residences and long-term investment value. Demand for premium plots remains robust as buyers compete for limited inventory in one of Dubai’s most exclusive waterfront destinations.
Commenting on the deal, Babak Jafari, CEO and Founder of B1 Properties, said the sustained appetite for Palm Jumeirah plots reflects their long-term value and exclusivity. He noted that decisive buyers continue to benefit from the scarcity and prestige associated with such locations.
The record-breaking transaction further reinforces investor confidence in Dubai’s prime real estate segment and underscores B1 Properties’ growing influence in the high-end market.
As 2025 progresses, the firm reports continued momentum across Dubai’s luxury property sector. According to Savills Middle East, nearly 6,000 residential transactions valued above AED 10 million were recorded by mid-November, reflecting a 24.4 percent year-on-year increase.
The strong performance highlights Dubai’s position as a global hub for high-end real estate, supported by sustained demand, limited supply and continued interest from international investors.
