Unique Property, a leading developer in Dubai’s ultra-luxury real estate market, has announced that it has successfully completed another record transaction for Jumeirah Bay Island’s AED.
The first class property, including 25,441 square feet, sold at AED 7,154 per Quadrat Foot, adding an extensive portfolio of top transnational companies.
The customers, the most important people -value, planning to build traditional housing on the island.
“This sale is a testament to the firm’s ability to navigate Dubai’s cutthroat real estate market and secure premium opportunities for discerning investors,” Unique Properties said.
Given that Jumeirah Bay Island is one of Dubai’s most exclusive real estate sites, obtaining a plot there is a noteworthy accomplishment, according to Arash Jalili, founder and CEO of Unique Properties.
“This deal was the result of months of strategic negotiations and planning to pinpoint the ideal opportunity,” he said.
According to the company, the buyer of the AED 182 million plot intends to construct a private home, which is in line with the growing trend of ultra-high net worth individuals creating residences that are specifically designed to suit their tastes.
According to the report, this move away from pre-built homes demonstrates the demand for exclusivity and customization in Dubai’s premium real estate market.
Armin Jalili, Partner at Unique Properties, said: “In recent years, we’ve witnessed a clear shift in buyer behaviour – today’s ultra-high-net-worth individuals are not just investing in Dubai; they’re choosing to create their dream homes here.”
Jumeirah Bay Island, also known as ‘Billionaire Island’, is an exclusive residential community off the coast of Jumeirah.
It is close to the upscale Jumeirah neighborhood and offers a carefully chosen selection of opulent waterfront assets, including a boutique resort, a world-class marina, luxury villas, low-rise apartments, and the five-star Bvlgari Hotel.
Due to the influx of foreign purchasers looking for stability, luxury, and long-term investment prospects, Dubai’s real estate market has seen a sharp increase in demand for ultra-luxury residences.
The city has drawn money from all over the world because of its low tax environment, first-rate infrastructure, and investor-friendly regulations like the golden visa program.
