In Dubai, 59,500 square meters of land in Palm Jumeirah and villas are sold for 600 million dirhams

According to the latest weekly data from Dubai Land Department, the Palm Jumeirah land and villas were sold for 600 million dirhams. Frond N's real estate area is just under 59,600 square meters, which confirms the island's reputation as an area in Dubai where large transactions are the norm of the day.

The next most expensive transaction was the land on the Palm Tree, which was sold for 206.52 million dirhams.

Real estate insiders claim that the purchase for 600 million dirhams also includes a villa, while the price per square meter is more than 10,000 dirhams.

The most recent purchase, which was completed a few weeks ago, was made after record sales of villas in Palm Jumeirah in 2022 in the amount of 280 million dirhams and 302.5 million dirhams. To understand why the most recent figure has increased to 600 million dirhams, more information will be needed, including the exact building area on almost 60,000 square meters of land.

Especially now, when there are fewer undeveloped plots on the «Palm» and the prices for them are striking.