Dubai real estate: Palm Jumeirah plot trades for $24m in record 2025 deal

The Dubai luxury real estate market has recorded a standout transaction in 2025 after a signature plot on Palm Jumeirah was sold for AED88m ($24m), marking the highest price-per-square-foot land deal of the year so far.

The transaction was brokered by B1 Properties, which represented both the buyer and the seller in the sale of the 13,579-square-foot plot on Palm Jumeirah, one of Dubai’s most exclusive residential destinations.

The deal was completed in just one week from initial engagement to transfer, underscoring the pace of activity and competition within the Palm Jumeirah plot market.

Record Dubai land sale in Palm Jumeirah

Demand for Palm Jumeirah plots has remained exceptionally strong in 2025, driven by investors and homeowners seeking the opportunity to develop bespoke luxury villas aligned with personal lifestyle requirements and long-term investment strategies.

Babak Jafari, CEO and Founder of B1 Properties, said: “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.”

The landmark sale reflects continued confidence among high-net-worth clients in B1 Properties’ specialist expertise and market insight across Palm Jumeirah.

As 2025 approaches its conclusion, B1 Properties said it has delivered a milestone year, setting new benchmarks across Dubai’s most sought-after luxury locations.

“Selecting the right plot is only the first step, paired with expert consultation and a prime location, a plot becomes the foundation of a signature lifestyle investment,” Babak said.

For investors and homeowners seeking entry into the tightly held Palm Jumeirah plot market, B1 Properties said demand continues to favour those able to move decisively within one of Dubai’s most competitive luxury real estate segments.

Dubai prime residential market has delivered another strong year, with nearly 6,000 residential transactions above AED10m ($2.72m) completed by mid-November 2025.

That represents a 24.4 per cent year-on-year increase, according to Savills Middle East’s Dubai Prime Residential Market report.