As a global leader in the luxury real estate market, Dubai's position is once again emphasized by this transaction. Jumeirah Golf Estates is a transit-oriented development project connected to the metro, featuring over 1,500 villas, townhouses, and apartments. This luxury golf course community is also the acclaimed host of the DP World Tour Championship (European Tour) finals. Limited supply, sustained interest from local and global investors, and the UAE's good track record as an investment-friendly real estate market make this plot a hotspot for top developers.

Luxury villas in golf course communities are highly sought after by Dubai buyers due to their scarcity and unique landscapes. This supply-demand dynamic propels the development of the luxury real estate market. Against this backdrop, the land transaction at Jumeirah Golf Estates becomes a target for top developers and investors alike.

The scale of this transaction, attracting interest from several renowned real estate companies, underscores the unique allure and investment value of this plot. AveNew by RH, Pride and Property, and Landsmith Real Estate jointly completed this record-breaking transaction. The deal also reflects investors' confidence in the future growth potential of Dubai's real estate market.

In the 2023 global ranking of top luxury real estate markets released by Knight Frank, Dubai holds the first position, accounting for 17% of the global sales total in this segment. The land transaction at Jumeirah Golf Estates signals continued growth in Dubai's luxury housing market, with prices expected to rise across the board.

Kunal Singh Sandhu, owner of Pride and Property, commented on this milestone sale, stating, "We have witnessed a surge of luxury home buyers coming into Dubai – a hopeful signal for this market. Since its establishment in 2008, under Kunal's guidance, Pride and Property has achieved significant success in launching and managing projects for prominent developers in Dubai. We believe Dubai's luxury housing market is entering its best period of development."