VILLA PRICES: Palm Jumeirah: Dh3,055 per square foot — up 5 per cent a month in April.
VILLA PRICES: Palm Jumeirah: Dh3,055 per square foot — up 5 per cent a month in April.
Emirates Hills: Dh2,059 per square foot — up 1.8 per cent a month. Photo: Knight Frank
Emirates Hills: Dh2,059 per square foot — up 1.8 per cent a month. Photo: Knight Frank
Jumeirah: Dh2,006 per square foot — up 3.7 per cent a month. Sarah Dea / The National
Jumeirah: Dh2,006 per square foot — up 3.7 per cent a month. Sarah Dea / The National
District One: Dh1,825 per square foot — down 0.9 per cent a month. Satish Kumar / The National
District One: Dh1,825 per square foot — down 0.9 per cent a month. Satish Kumar / The National
Mohammed bin Rashid City: Dh1,512 per square foot — up 0.7 per cent a month.
Mohammed bin Rashid City: Dh1,512 per square foot — up 0.7 per cent a month.
Dubai Hills: Dh1,447 per square foot — up 1.5 per cent a month. Photo: Emaar Malls Management
Dubai Hills: Dh1,447 per square foot — up 1.5 per cent a month. Photo: Emaar Malls Management
The Meadows: Dh1,440 per square foot — down 0.5 per cent a month. Jeffrey E Biteng / The National
The Meadows: Dh1,440 per square foot — down 0.5 per cent a month. Jeffrey E Biteng / The National
The Lakes: Dh1,422 per square foot — up 1.0 per cent a month. Pawan Singh / The National
The Lakes: Dh1,422 per square foot — up 1.0 per cent a month. Pawan Singh / The National
Jumeirah Islands: Dh1,454 per square foot — up 2.5 per cent a month. Photo: Prestige Dubai
Jumeirah Islands: Dh1,454 per square foot — up 2.5 per cent a month. Photo: Prestige Dubai
Jumeirah Golf Estates: Dh1,358 per square foot — up 4.6 per cent a month. Pawan Singh / The National
Jumeirah Golf Estates: Dh1,358 per square foot — up 4.6 per cent a month. Pawan Singh / The National
The Springs and The Meadows: Dh1,146 per square foot — up 2.1 per cent a month. Photo: Better Homes
The Springs and The Meadows: Dh1,146 per square foot — up 2.1 per cent a month. Photo: Better Homes
Arabian Ranches: Dh1,195 per square foot — up 3.7 per cent a month. Pawan Singh / The National
Arabian Ranches: Dh1,195 per square foot — up 3.7 per cent a month. Pawan Singh / The National
Meydan City: Dh1,157 per square foot — up 0.9 per cent a month.
Meydan City: Dh1,157 per square foot — up 0.9 per cent a month.
Al Barari: Dh1,145 per square foot — up 4.9 per cent a month. Photo: Luxhabitat
Al Barari: Dh1,145 per square foot — up 4.9 per cent a month. Photo: Luxhabitat
Jumeirah Park: Dh1,099 per square foot — up 0.8 per cent a month. Pawan Singh / The National
Jumeirah Park: Dh1,099 per square foot — up 0.8 per cent a month. Pawan Singh / The National
Victory Heights: Dh1,064 per square foot — down 2.2 per cent a month. Photo: Luxhabitat
Victory Heights: Dh1,064 per square foot — down 2.2 per cent a month. Photo: Luxhabitat
Mudon: Dh1,008 per square foot — up 2.7 per cent a month. Satish Kumar / The National
Mudon: Dh1,008 per square foot — up 2.7 per cent a month. Satish Kumar / The National
Jumeirah Village Triangle: Dh959 per square foot — up 2.3 per cent a month. Pawan Singh / The National
Jumeirah Village Triangle: Dh959 per square foot — up 2.3 per cent a month. Pawan Singh / The National
Sustainable City: Dh948 per square foot — up 0.6 per cent a month. Antonie Robertson / The National
Sustainable City: Dh948 per square foot — up 0.6 per cent a month. Antonie Robertson / The National
Town Square: Dh813 per square foot — up 1.4 per cent a month. Satish Kumar / The National
Town Square: Dh813 per square foot — up 1.4 per cent a month. Satish Kumar / The National
Living Legends: Dh796 per square foot — up 1.2 per cent a month. Pawan Singh / The National
Living Legends: Dh796 per square foot — up 1.2 per cent a month. Pawan Singh / The National
Jumeirah Village Circle: Dh613 per square foot — up 1.3 per cent. Antonie Robertson / The National
Jumeirah Village Circle: Dh613 per square foot — up 1.3 per cent. Antonie Robertson / The National
Falconcity of Wonders: Dh743 per square foot — up 1.6 per cent a month. Sarah Dea / The National
Falconcity of Wonders: Dh743 per square foot — up 1.6 per cent a month. Sarah Dea / The National
Akoya Oxygen: Dh592 per square foot — up 1.3 per cent a month. Photo: Allsopp & Allsopp
Akoya Oxygen: Dh592 per square foot — up 1.3 per cent a month. Photo: Allsopp & Allsopp

Business

Property

Dubai property prices: where they are rising and falling - April 2022

Prices in prime areas such as Palm Jumeirah continue to increase

Ian Oxborrow
Ian Oxborrow

May 19, 2022

  • English
  • Arabic

Average prices for villa sales in Dubai continued to rise in April amid a record number of transactions, although average apartment prices fell slightly.

New data from consultancy CBRE showed average villa prices had risen 20.4 per cent in the past year and 1.9 per cent month on month in April.

While apartment prices were up 9.6 per cent year on year, they dipped 0.1 per cent in April.

The total volume of transactions in Dubai's residential property market rose 43 per cent annually to 6,342 in April, according to CBRE.

Listings website Property Finder said sales transactions worth Dh18.2 billion ($4.9bn) were recorded in April, the highest for the month since 2009.

“All eyes were on the real estate performance post Expo 2020, and with April 2022 performing the highest since 2009, the data is a strong testament to the growing appeal for the Dubai real estate market," said Scott Bond, UAE country manager at Property Finder.

Click through the slideshow above to see where villa prices have risen and fallen.

Where were the highest price increases in Dubai?

Some of the biggest rises were seen at the top end of the market. Dubai's prime property sector has boomed in the past year, with prices rising almost 60 per cent in the past 12 months.

Palm Jumeirah villa prices increased 5 per cent in April, while those of villas in Jumeirah and Jumeirah Golf Estates were up 3.7 per cent and 4.6 per cent respectively, CBRE's data showed. Al Barari villa prices increased 4.9 per cent in April.

In the apartment segment, the biggest rises were recorded on Palm Jumeirah and at Old Town, with both rising by 4 per cent.

See apartment price rises and falls in the slideshow below.

APARTMENT PRICES: Downtown Dubai rose by 0.7 per cent month-on-month in April to Dh2,034 per square foot. Reuters
APARTMENT PRICES: Downtown Dubai rose by 0.7 per cent month-on-month in April to Dh2,034 per square foot. Reuters
Jumeirah: Dh1,972 per square foot — up 3.5 per cent a month. The National
Jumeirah: Dh1,972 per square foot — up 3.5 per cent a month. The National
The Palm Jumeirah: Dh1,916 per square foot — up 4 per cent a month. Antonie Robertson / The National
The Palm Jumeirah: Dh1,916 per square foot — up 4 per cent a month. Antonie Robertson / The National
DIFC: Dh1,646 per square foot — up 1.2 per cent a month. Jeff Topping / The National
DIFC: Dh1,646 per square foot — up 1.2 per cent a month. Jeff Topping / The National
Business Bay: Dh1,502 per square foot — up 1.7 per cent a month. Sarah Dea / The National
Business Bay: Dh1,502 per square foot — up 1.7 per cent a month. Sarah Dea / The National
Jumeirah Beach Residence: Dh1,467 per square foot — down 2.2 per cent a month. Photo: LuxuryProperty.com
Jumeirah Beach Residence: Dh1,467 per square foot — down 2.2 per cent a month. Photo: LuxuryProperty.com
Mohammed bin Rashid City: Dh1,469 per square foot — down 0.2 per cent a month. Satish Kumar / The National
Mohammed bin Rashid City: Dh1,469 per square foot — down 0.2 per cent a month. Satish Kumar / The National
Dubai Hills: Dh1,448 per square foot — up 0.3 per cent a month. Photo: Emaar Malls Management
Dubai Hills: Dh1,448 per square foot — up 0.3 per cent a month. Photo: Emaar Malls Management
Dubai Marina: Dh1,366 per square foot — down 0.7 per cent a month. Victor Besa / The National
Dubai Marina: Dh1,366 per square foot — down 0.7 per cent a month. Victor Besa / The National
The Greens and The Views: Dh1,096 per square foot — down 0.6 per cent a month. Sarah Dea / The National
The Greens and The Views: Dh1,096 per square foot — down 0.6 per cent a month. Sarah Dea / The National
Jumeirah Lakes Towers: Dh983 per square foot — down 1.1 per cent a month. Antonie Robertson / The National
Jumeirah Lakes Towers: Dh983 per square foot — down 1.1 per cent a month. Antonie Robertson / The National
Damac Hills: Dh978 per square foot — down 0.7 per cent a month. Pawan Singh / The National
Damac Hills: Dh978 per square foot — down 0.7 per cent a month. Pawan Singh / The National
Jumeirah Village Circle: Dh896 per square foot — up 0.1 per cent a month. Razan Alzayani / The National
Jumeirah Village Circle: Dh896 per square foot — up 0.1 per cent a month. Razan Alzayani / The National
Town Square: Dh858 per square foot — down 1.9 per cent a month.
Town Square: Dh858 per square foot — down 1.9 per cent a month.
Motor City: Dh664 per square foot — down 0.7 per cent a month.
Motor City: Dh664 per square foot — down 0.7 per cent a month.
Dubai Silicon Oasis: Dh598 per square foot — down 0.7 per cent a month. Chris Whiteoak / The National
Dubai Silicon Oasis: Dh598 per square foot — down 0.7 per cent a month. Chris Whiteoak / The National
Dubai Sports City: Dh612 per square foot — down 1.1 per cent a month. Reem Mohammed / The National
Dubai Sports City: Dh612 per square foot — down 1.1 per cent a month. Reem Mohammed / The National
Discovery Gardens: Dh523 per square foot — down 2.2 per cent a month. Pawan Singh / The National
Discovery Gardens: Dh523 per square foot — down 2.2 per cent a month. Pawan Singh / The National
International City: Dh440 per square foot — down 0.6 per cent in a month. Antonie Robertson / The National
International City: Dh440 per square foot — down 0.6 per cent in a month. Antonie Robertson / The National

What's driving the rise in Dubai prices?

The UAE property market has been rebounding on the back of government initiatives, such as residency permits for retirees and remote workers, as well as the expansion of the 10-year golden visa programme and the economic boost from Expo 2020 Dubai.

Read more

Marina 101: Dubai's second-tallest building 'close to completion'

The market has also benefitted from the country's widespread coronavirus vaccination programme, which has kept cases relatively low.

“Despite growing concerns around the global macroeconomic backdrop, namely higher financing costs and high rates of inflation, activity in Dubai’s residential market continues to remain at historic highs," said Taimur Khan, head of research – Mena at CBRE in Dubai.

He added that in the year to April 2022, while the rate of price growth has tapered slightly (+11 per cent), rents are increasing at their fastest rate (+16.2 per cent) since October 2014.

However, compared to the highs witnessed in late 2014, Dubai residential prices per square foot are 26.3 per cent and 10.6 per cent below the peak, for apartments and villas respectively, CBRE said in its May Market Snapshot.

What is driving demand for prime residential?

Barely a month has gone by so far this year without a new record of some sort being broken in the Dubai property market.

We've had the most transactions, the highest price per square foot (set at the Bulgari Resort and Residences), and the sale of the most expensive property in Dubai.

A Dh102.8 million villa was recently sold in Emirates Hills, marking the highest sale in the community so far this year.

Property consultancy Core said in its first-quarter market report that while the prime and ultra-prime residential market segments have been relatively resilient compared to the affordable and mid-market during 2014 to 2020, it has observed a marked increase in demand for prime residential properties since the fourth quarter of 2020.

"The demand for the luxury market is stemming from both end-users and overseas investors looking to relocate or buy a secondary home in Dubai," it said.

"While prime residential prices are well near 2014 prices, many buyers are largely agnostic to historical pricing and find Dubai prime waterfront property to be competitively priced compared to most global cities.

"With very high transaction volumes compared to previous years and most ready stock in this segment taken up by HNIs, the lack of inventory in the secondary market has pushed more interest towards the prime off-plan market."

UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
On Women's Day
The%C2%A0specs%20
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
While you're here

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20HyveGeo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Abdulaziz%20bin%20Redha%2C%20Dr%20Samsurin%20Welch%2C%20Eva%20Morales%20and%20Dr%20Harjit%20Singh%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ECambridge%20and%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ESustainability%20%26amp%3B%20Environment%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%24200%2C000%20plus%20undisclosed%20grant%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVenture%20capital%20and%20government%3C%2Fp%3E%0A
Final scores

18 under: Tyrrell Hatton (ENG)

- 14: Jason Scrivener (AUS)

-13: Rory McIlroy (NIR)

-12: Rafa Cabrera Bello (ESP)

-11: David Lipsky (USA), Marc Warren (SCO)

-10: Tommy Fleetwood (ENG), Chris Paisley (ENG), Matt Wallace (ENG), Fabrizio Zanotti (PAR)

The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

On Women's Day
'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

While you're here
Kareem Shaheen on Canada

Turkish Ladies

Various artists, Sony Music Turkey 

Structural%20weaknesses%20facing%20Israel%20economy
%3Cp%3E1.%20Labour%20productivity%20is%20lower%20than%20the%20average%20of%20the%20developed%20economies%2C%20particularly%20in%20the%20non-tradable%20industries.%3Cbr%3E2.%20The%20low%20level%20of%20basic%20skills%20among%20workers%20and%20the%20high%20level%20of%20inequality%20between%20those%20with%20various%20skills.%3Cbr%3E3.%20Low%20employment%20rates%2C%20particularly%20among%20Arab%20women%20and%20Ultra-Othodox%20Jewish%20men.%3Cbr%3E4.%20A%20lack%20of%20basic%20knowledge%20required%20for%20integration%20into%20the%20labour%20force%2C%20due%20to%20the%20lack%20of%20core%20curriculum%20studies%20in%20schools%20for%20Ultra-Othodox%20Jews.%3Cbr%3E5.%20A%20need%20to%20upgrade%20and%20expand%20physical%20infrastructure%2C%20particularly%20mass%20transit%20infrastructure.%3Cbr%3E6.%20The%20poverty%20rate%20at%20more%20than%20double%20the%20OECD%20average.%3Cbr%3E7.%20Population%20growth%20of%20about%202%20per%20cent%20per%20year%2C%20compared%20to%200.6%20per%20cent%20OECD%20average%20posing%20challenge%20for%20fiscal%20policy%20and%20underpinning%20pressure%20on%20education%2C%20health%20care%2C%20welfare%20housing%20and%20physical%20infrastructure%2C%20which%20will%20increase%20in%20the%20coming%20years.%3C%2Fp%3E%0A

Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes. 
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com

THE SPECS

Engine: 3.6-litre V6

Transmission: nine-speed automatic

Power: 310hp

Torque: 366Nm

Price: Dh200,000

On Women's Day
UAE currency: the story behind the money in your pockets
The%20Sandman
%3Cp%3ECreators%3A%20Neil%20Gaiman%2C%20David%20Goyer%2C%20Allan%20Heinberg%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Tom%20Sturridge%2C%20Boyd%20Holbrook%2C%20Jenna%20Coleman%20and%20Gwendoline%20Christie%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Four%20scenarios%20for%20Ukraine%20war
%3Cp%3E1.%20Protracted%20but%20less%20intense%20war%20(60%25%20likelihood)%3C%2Fp%3E%0A%3Cp%3E2.%20Negotiated%20end%20to%20the%20conflict%20(30%25)%3C%2Fp%3E%0A%3Cp%3E3.%20Russia%20seizes%20more%20territory%20(20%25)%3C%2Fp%3E%0A%3Cp%3E4.%20Ukraine%20pushes%20Russia%20back%20(10%25)%3C%2Fp%3E%0A%3Cp%3E%3Cem%3EForecast%20by%20Economist%20Intelligence%20Unit%3C%2Fem%3E%3C%2Fp%3E%0A
The%20Color%20Purple
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EBlitz%20Bazawule%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EFantasia%20Barrino%2C%20Taraji%20P%20Henson%2C%20Danielle%20Brooks%2C%20Colman%20Domingo%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
On Women's Day
Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

Killing of Qassem Suleimani
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ELECTION%20RESULTS
%3Cp%3EMacron%E2%80%99s%20Ensemble%20group%20won%20245%20seats.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EThe%20second-largest%20group%20in%20parliament%20is%20Nupes%2C%20a%20leftist%20coalition%20led%20by%20Jean-Luc%20Melenchon%2C%20which%20gets%20131%20lawmakers.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EThe%20far-right%20National%20Rally%20fared%20much%20better%20than%20expected%20with%2089%20seats.%3C%2Fp%3E%0A%3Cp%3EThe%20centre-right%20Republicans%20and%20their%20allies%20took%2061.%3C%2Fp%3E%0A
AIDA%20RETURNS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EAida%20Abboud%2C%20Carol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5.%2F5%3C%2Fp%3E%0A
Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

Country-size land deals

US interest in purchasing territory is not as outlandish as it sounds. Here's a look at some big land transactions between nations:

Louisiana Purchase

If Donald Trump is one who aims to broker "a deal of the century", then this was the "deal of the 19th Century". In 1803, the US nearly doubled in size when it bought 2,140,000 square kilometres from France for $15 million.

Florida Purchase Treaty

The US courted Spain for Florida for years. Spain eventually realised its burden in holding on to the territory and in 1819 effectively ceded it to America in a wider border treaty. 

Alaska purchase

America's spending spree continued in 1867 when it acquired 1,518,800 km2 of  Alaskan land from Russia for $7.2m. Critics panned the government for buying "useless land".

The Philippines

At the end of the Spanish-American War, a provision in the 1898 Treaty of Paris saw Spain surrender the Philippines for a payment of $20 million. 

US Virgin Islands

It's not like a US president has never reached a deal with Denmark before. In 1917 the US purchased the Danish West Indies for $25m and renamed them the US Virgin Islands.

Gwadar

The most recent sovereign land purchase was in 1958 when Pakistan bought the southwestern port of Gwadar from Oman for 5.5bn Pakistan rupees. 

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The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

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Updated: May 17, 2023, 4:12 PM`
DubaiProperty