Dubai Sotheby’s International Realty has announced the completion of a major acquisition deal for a beachfront property in Dubai, valued at AED 560 million, on Naya Island, marking one of the most prominent coastal real estate transactions in the UAE.

The company said the property covers more than 80,000 square feet, noting that the buyer is a European national. This reflects the continued interest of overseas investors in Dubai’s luxury real estate opportunities, especially in rare waterfront locations.

Naya Island is emerging as one of the destinations shaping a new phase for Dubai’s luxury coastal property market. It offers a concept built around scarcity, large land plots and a prime location, factors that give this type of property special value among investors and ultra-high-net-worth buyers.

The company said Dubai has continued over the past years to strengthen its position as a global destination for luxury real estate through landmark projects such as Palm Jumeirah and Jumeirah Bay Island, and now Naya Island. These islands have helped redefine the idea of exclusive living and attract buyers seeking distinctive properties with a special character.

The deal follows other notable coastal transactions recorded in the market this year, including the sale of a beachfront property on Naya Island covering 53,000 square feet for AED 377 million, which was considered a remarkable record at the time. Jumeirah Bay Island also saw the sale of the luxury, ready-to-move-in Gaia Villa for AED 280 million, making it one of Dubai’s highest-value villa deals in 2026.

George Azar, Chairman and CEO of Sotheby’s International Realty in the UAE, the UK and Saudi Arabia, said Dubai continues to offer exceptional value to investors and ultra-high-net-worth individuals, adding that the company works to provide a high level of expertise and service to this category of clients.

The new deal confirms the continued demand for luxury beachfront properties in Dubai, particularly those that combine a waterfront location, generous space and privacy, as the emirate maintains its position among the world’s most attractive real estate markets for global capital.