Plot Of Sand Sold For $34 Million In Dubai Gave Its Owner Profit Of 242%

Tuesday, 25 April 2023Newsdesk

The piece of land was sold to an international buyer, who will build a mansion on the plot.

New Delhi 25 April 2023

As per news report of NDTV,A piece of land in Dubai has sold for 125 million dirham ($34 million or ₹ 278 crore), making it the most expensive plot to be sold in the UAE, according to a report in The National. The 24,500-square-feet plot is situated in Jumeirah Bay. Before this, the most expensive land deal in the UAE was 91 million dirham ($24 million), the outlet reported quoting property consultant Knight Frank. The sale "solidifies the island's status as a super-prime destination," Knight Frank said in a press release announcing the deal.

Source - NDTV