Unique Properties closes landmark plot sale on Jumeirah Bay
DUBAI, 9 days ago
Unique Properties, a major player in Dubai’s ultra-luxury real estate market, said it has successfully closed yet another record-breaking transaction - a landmark AED182 million ($50 million) residential land sale on Jumeirah Bay Island.
The prime land plot, spanning 25,441 sq ft, was sold at AED7,154 per sq ft, with the deal expertly facilitated by Vanessa Sevsky, adding to Unique Properties’ extensive portfolio of high-profile transactions.
Jumeirah Bay Island, also known as Billionaire Island, is an exclusive residential community off the coast of Jumeirah. Located near the prestigious Jumeirah neighbourhood, it features a curated collection of luxury waterfront properties.
Developed by Meraas Holding, the island is connected to the mainland by a 300-m bridge and features some of the city’s most sought-after plots.
Spanning 6.3 million sq ft in the shape of a seahorse, the island is home to a mix of low-rise residences, luxury villas, a boutique resort, a world-class marina, and the prestigious five-star Bvlgari Hotel.
The buyer, an ultra-high-net-worth individual, plans to build a custom home on the prestigious island. This sale is a testament to the firm’s ability to navigate Dubai’s cut-throat real estate market and secure premium opportunities for discerning investors.
This achievement highlights Unique Properties’ unwavering expertise and proven track record in securing premium assets for high-net-worth clients.
On the transaction, Founder and CEO Arash Jalili said: "Securing a plot on Jumeirah Bay Island is a significant achievement, given its status as one of Dubai’s most exclusive real estate locations. This deal was the result of months of strategic negotiations and planning to pinpoint the ideal opportunity."
"In the end, we successfully acquired an outstanding plot for our client. This sale highlights our steadfast dedication to providing top-tier investment opportunities in Dubai's ever-evolving real estate market," he added.
The buyer of the plot, he stated, was planning to develop a private residence, reflecting a growing trend among UHNWIs to build custom homes tailored to their preferences.
This shift away from pre-built properties highlights the desire for personalisation and exclusivity in Dubai’s luxury real estate market, he added.-TradeArabia News Service
