Dubai real estate market has put up for land plot sale worth 150 million dirhams in Jumeirah Bay

The pace of sales in the Dubai real estate market at the beginning of 2022 is not decreasing. The land plot in Jumeirah Bay was sold for a colossal sum of 150 million dirhams. The deal was concluded just a few weeks after another land plot was sold there for 80 million dirhams.

The last sold plot with a total area of 47,000 square meters with a view of the beach. The buyer was a young UAE citizen who plans to build a mansion with an area of 75,000 square meters.

The plot of this size is exceptionally difficult to find on the market. With the almost complete absence of sites with a view of the beach, the attractiveness of these sites just increases.

Last year was very successful for the sale of luxury homes in Dubai. Such plots for premium class villas were in demand, and townhouses also had no difficulty finding buyers. All this was reflected in real estate transactions worth 151 billion dirhams recorded in Dubai last year. Real estate experts believe in maintaining the demand for real estate on the coast of Dubai, which will only grow in the next two to three years.