Dubai: A 24,500 square feet plot on Jumeira Bay island has become the most expensive land sale in the UAE, and easily clearing the earlier record of Dh91 million.

Jumeirah Bay has seen 'land prices soaring three-fold in recent years'. The latest sale 'solidifies the island’s status as a super-prime destination', where the Bulgari Lighthouse recently set a record for the most expensive penthouse sale in Dubai, at Dh410 million, according to Knight Frank.