Why an empty sand plot in Dubai sold for a record $34 million
There are many things you could buy for $34 million. In various parts of the world, it’ll buy you towering castles, sprawling beachside mega mansions or majestic estates that go on for miles. It could buy you fleets of powerful Lamborghini sports cars or stately Rolls-Royce Phantoms. It could even buy you your own private jet. In Dubai, it gets you a pile of sand. OK, not just any pile of sand.
“But it’s also because of the privacy and exclusivity that comes from an island that only has 100 or so plots, as opposed to somewhere like the Palm Jumeirah which has thousands of properties.” Welcome to LA In fact, the Palm Jumeirah is perhaps the best known of Dubai’s artificial islands. Famously shaped like a palm tree, it’s also the biggest artificial island in the world, at around 2.2 square miles. Jumeirah Bay Island, on the other hand, is much smaller at just 0.
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