Knight Frank achieves highest-ever price for single land plot in Dubai ...United Arab Emirates

Knight Frank has said it has made a record-breaking sale of a land plot on Jumeirah Bay Island – selling for US $34.04mn. The deal is said to set a new benchmark and makes it the most expensive land plot ever sold in the history of the UAE. Breaking the previous record of $25mn, the deal for the 24,500sqft plot marks a significant milestone in UAE’s real estate market. Anne Ogilvie and Lyndsey Redstone, Associate Partners at Knight Frank represented the seller and buyer in the deal. Jumeirah Bay Island has become a highly sought-after real estate commodity, with land prices soaring threefold in recent years, the firm explained. In mid January 2023, Knight Frank said 219 ultra-prime homes sol

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