Completion of a beach real estate deal in Dubai for 560 million dirhams

Dubai Sotheby’s International Realty announced the completion of what it described as the largest land acquisition deal in the UAE, which was the purchase of a beach property on Naya Island, extending over an area of ​​​​more than 80 thousand square feet, at a value amounting to 560 million dirhams.

The company stated in a statement that the buyer is a European citizen, pointing out that Naia Island represents the emergence of a completely new real estate model that goes beyond the traditional standards of luxury coastal lands and establishes an unprecedented level of scarcity and size in the luxury real estate market.

The company continued: “From (Palm Jumeirah) to (Jumeirah Bay) Island, and now (Naya Island), Dubai has established itself as a world-class luxury destination, as each of its luxurious islands has redefined the concepts of exclusivity and rarity, attracting the wealthy elite from different parts of the world who want to own a part of this exceptional experience.”

The company pointed to the most prominent coastal real estate sales deals this year, as published by Arabian Business magazine, where one beachfront property with an area of ​​53,000 square feet was sold on Naya Island for 377 million dirhams, which was a record deal at the time, followed by the sale of the luxury, ready-to-move-in Villa Jaya on Jumeirah Bay Island for 280 million dirhams, which is one of the highest value villa deals in Dubai in 2026.

Chairman and CEO of Sotheby’s International Realty in the UAE, the United Kingdom and Saudi Arabia, George Azar, said: “Dubai provides exceptional and unparalleled value to an elite group of investors and ultra-high-net-worth individuals, and we, in turn, provide the same level of excellence and expertise to serve them.”