Dubai Island Sand Plot Sold for $34 Million in 'Record-Breaker' Deal
The Jumeriah Bay Island sand plot is half the size of a football field, and netted PrettyLittleThing founder Umar Kamani more than 242% profit.
Source: businessinsider.com
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'A massive record-breaker': A plot of sand the size of half a football field just sold for $34 million on a luxury Dubai island
Jumeirah Bay Island is on the left, near the Dubai shoreline. Boarding1Now/Getty Images A plot of sand in Dubai half the size of a football field sold for $34…
Source: biztoc.com
Former PrettyLittleThing CEO Umar Kamani makes £10 million profit in Dubai land sale
Kamani, 35, purchased the plot of land on Jumeirah Bay Island in 2017 for $8m (£6.42m) and has sold it to an undisclosed buyer - rumoured to be a member of the Saudi royal family - for $34m (£27.28).
Source: dailymail.co.uk
Plot of sand on Jumeriah Bay Island sold for 125 dirhams
The sale sets a new record for the most expensive vacant land transaction ever recorded on the island and nets the businessman a hefty profit.
Source: thisismoney.co.uk
Mansion Global Daily: A Record-Setting Dubai Land Deal
Mansion Global’s daily round-up of the latest luxury real estate news from around the world
Source: mansionglobal.com