A prime 13,579-square-foot plot on Dubai’s iconic Palm Jumeirah sold for AED88 million ($24 million), establishing the highest price-per-square-foot land transaction of 2025 so far. B1 Properties brokered the rapid one-week deal for both buyer and seller, reflecting intense competition and demand for custom luxury villa development sites in this exclusive enclave.​

The sale underscores Palm Jumeirah’s sustained appeal amid Dubai’s luxury market boom, with nearly 6,000 residential transactions above AED10 million ($2.72 million) by mid-November 2025, up 24.4% year-on-year. B1 Properties CEO Babak Jafari highlighted the insatiable appetite for these rare parcels, positioning them as strong long-term investments with capital appreciation potential.