Plot of sand on Dubai's Jumeirah Bay Island sells for record $34 million
The unidentified buyer plans to build a "spectacular custom-built mansion," according to real estate firm.
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The unidentified buyer plans to build a "spectacular custom-built mansion," according to real estate firm.
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.
The huge success of the Boohoo fashion empire means the British family behind the business - the Kamanis - are able to enjoy lavish lifestyles.
Umar Kamani recently revealed his plans to step down as CEO.
Online retailer, PrettyLittleThing’s founder and CEO, Umar Kamani as announced his departure from the company after 12 years.