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Why an empty piece of sandy land sold for $34 million

Why an empty piece of sandy land sold for $34 million

There's a lot you can buy for $34 million. For example, a castle, a mega palace by the beach, magnificent estates, some supercars like Lamborghini or Rolls-Royce Phantoms.

In Dubai, you can buy a piece of sandy land. Ok, ok...not only that.

The land in question is on an empty plot on the luxury island of Jumeirah Bay, which recently sold for more than $34 million.

The 24,500 square meter land was sold by Umar Kamani, a British entrepreneur and co-founder of PrettyLittleThing.

Why an empty piece of sandy land sold for $34 million

"Jumeirah Bay is the most exclusive of all exclusives," Andrew Cummings of Knight Frank Dubai, the real estate agency that handled the sale, told CNN. the best I can get?"

Jumeirah Bay Island is also home to many sandy beaches and has a marina for dozens of yachts, high-end restaurants, gyms and a spa center. The island is very small and considered exclusive.

Even the types of properties being built there now are unlike anything you've seen in Dubai. It is thought that Jumeirah Bay will look a lot more like Beverly Hills.

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