An anonymous donor paid this huge amount to buy a piece of sand on the luxury island of Jumeirah Bay Island.
There are many things you can buy 34 million dollarsin different parts of the world: skyscrapers, seaside mansions, large estates, large estates, fleets of Rolls-Royce Phantoms, even your own private jet.
In Dubai, $34 million buys you… tons of sand.
Unknown cross he gave this terrible amount to buy a piece of sand. It’s actually a vacant 2,275 square meter “beachfront” plot on the man-made Jumeirah Bay Island (middle photo), which is now being redeveloped.
The piece of sand was owned by British businessman Umar Kamani, who bought it in 2021 for about 10 million dollars and now he has sold it for three times that amount, according to cnn.com.
“Jumeirah Bay is the most exclusive location in Dubai,” explained Andrew Cummings of Knight Frank Dubai, the estate agent who managed the sale.
“It’s aimed at higher income people who are asking, ‘What’s the best piece I can buy?’ It represents the best in class for location and ownership in Dubai,” he said.
Jumeirah Bay Island is connected to the mainland via a 300m bridge. It has 128 plots that are almost empty and one of them, was sold for a terrible price of 34 million dollars, which is about 31 million euros.
According to CNN, the new owner did not buy a piece of “golden” sand for free.
The aim is to make the floating island “like Beverly Hills or Los Angeles” – which is no mean feat for Dubai.
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