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    DRIVEN PROPERTIES BREAKS ITS OWN RECORD WITH THE AED 70 MILLION PLOT TRANSACTION

    November 7, 2021
    real estate

    Dubai Land Department witnessed another record-breaking transaction in Jumeirah Bay Island. The most exclusive piece of land reached the price of AED 70 million, the highest achieved for a single plot. The recent sale was completed by Lina A. from Driven Properties, Dubai's leading luxury real estate brokerage with a proven track record in Jumeirah Bay Island.

    This superb plot enjoys arguably the best location in Dubai. Located off the shore of Jumeirah and connected to the mainland with a 300 meters bridge, the island raises the bar of elegance to a new level. This stunning plot represents the best of both worlds: it has a full sea view, along with a central view of the beautiful Dubai skyline, allowing the owner to make the most of this premium location. This location is known as one of the most exclusive waterfronts in the world, making it ideal for the ones who enjoy the finer things in life.

    “Only a year ago, similar plots were transacting at AED 35 million, which is a true testament of the incredible recovery of the luxury real estate market in Dubai”, said Lina A., Associate Partner at Driven Properties.

    Commenting on the incredible year his company is having, Abdullah Alajaji, the Founder of Driven Properties said: “Dubai’s effective management of the COVID-19 pandemic paired with its world-leading vaccination drive has helped attract international attention. This influx of new demand drove a significant increase in prices in the high-end luxury segment of the market, causing double or even triple-digit percentage increases in certain areas, such as Jumeirah Bay Island.”

    From premium plots and waterfront mansions on Jumeirah Bay Island, to the most expensive penthouse sold in Dubai, Driven Properties continues to make the news with its record-breaking accomplishments. The luxury real estate brokerage is now an exclusive member of Forbes Global Properties, an invitation-only consortium of international real estate brokers, reserved only for 100 most elite brokerages worldwide.

    For more information, visit www.drivenproperties.com.

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