Jumeirah Golf Estates is situated along expansive fairways, with the area experiencing a quarterly price growth of 15% per square foot, accumulating an 88% increase since 2020. According to reports, the estate stands out as one of Dubai's most exceptional residential areas.

This land sale transaction underscores the strength of Dubai's real estate market, which has witnessed historic growth this year. According to reports, "Dubai remains one of the world's most economically powerful luxury residential markets, with an average high-quality transaction price per square foot of AED 3,740 or USD 1,018."

As one of Dubai's premier residential areas, Jumeirah Golf Estates features over 1,500 villas, townhouses, and apartments. The area is also surrounded by a luxury golf course, which has hosted the prestigious DP World Tour Championship (European Tour) finals for 14 grand events. This further emphasizes the allure of Jumeirah Golf Estates as a golf destination.

The report from Landmark emphasizes the resilience of Dubai's real estate market, surpassing the performance of other global cities such as London and New York. The report notes, "Demand for Dubai's luxury homes remains robust, and supply continues to lag. For example, in the third quarter of 2023, the total sales value of super-luxury residences in Dubai (i.e., residences priced above USD 10 million) reached USD 1.6 billion. The total number of sales of properties priced above USD 10 million has already reached a record 277 units this year."

Kunal Singh Sandhu, owner of Pride and Property, stated, "We have invested a significant amount of time and effort with our partners for this record-breaking transaction. The number of buyers in Dubai's luxury real estate has increased significantly, and this is just the beginning for this promising sector. The outlook for Dubai's luxury real estate market is even more promising."

This land transaction highlights the market's focus on unique selling points, especially the appeal of being a golf destination. Due to clear demand trends and the unique location overlooking the scenic views of two golf courses, this land is undoubtedly of interest to top developers.

Nitin Chauhan, Director of Landsmith Real Estate, said, "This land sale clearly indicates that Dubai's luxury real estate market is gearing up for continued growth and rising property prices."