Dubai’s Luxury Property Market Hits New Milestone with Billion-Dirham Palm Jumeirah Land Sale
Dubai’s luxury real estate market has reached another major milestone. A plot on Palm Jumeirah has been sold for Dhs1.86 billion, marking one of the largest property transactions of 2025. The Dubai Land Department confirmed the sale at Dhs1,861,158,239.91, underlining the continued strength of high-end investment demand in the city. The land spans 94,351.98 square metres, which amounts to Dhs19,725.69 per square metre, placing the transaction among the most significant land deals ever recorded on the iconic man-made island.
A clear signal of market confidence
This sale sends a strong message about the resilience of Dubai’s premium property segment. Even as global markets face uncertainty, interest in Dubai’s luxury real estate remains exceptional. International buyers continue to view the city as a safe, promising and strategically located destination, especially when it comes to ultra-prime assets. Palm Jumeirah, with its exclusive shoreline, private estates and high-profile developments, remains a top choice for investors seeking long-term value. The record deal demonstrates that developers and investors are not only confident in current conditions but are also optimistic about future growth. High-net-worth individuals continue to migrate to Dubai, and demand for limited premium land plots remains extremely competitive.
Another headline-making sale on the Palm
This billion-dirham transaction follows another major deal on the island just weeks ago. Dubai Sotheby’s International Realty confirmed the most expensive secondary villa sale of the year at Dhs160 million. The 1,000-square-metre property, developed by 25 Degrees, features multiple living areas, six large bedroom suites, a private cinema and a pool deck with views of Atlantis The Royal. It also reached nearly Dhs158,000 per square metre, making it the second-highest sale of the year based on price per square metre. These consecutive high-value sales reinforce Palm Jumeirah’s status as a magnet for premium buyers. They also highlight how scarce prime beachfront plots have become — and how demand continually pushes values upward.
Dubai’s luxury property scene continues to expand
Dubai remains one of the most dynamic real estate markets in the world. Investor inflows, stable governance, long-term residency options and major new development plans keep the city attractive for luxury buyers. Record-setting land transactions and villa sales show that the appetite for high-quality, limited-edition properties is far from slowing down. With new master communities, waterfront districts and ultra-luxury projects expected in the coming years, Dubai’s premium real estate segment is positioned for further momentum.
