It just so happened that Dubai Group was looking to sell JD Island. It was one of the top three islands in the Maldives and was worth over 500 million USD.
However, luxury tourism has been in decline for a couple of years now. Even JD Island's profits were dropping, which was why Dubai Group intended to sell the island and cut its losses.
That's just how everyone thinks—dropping out when the market fails.
On the other hand, there weren't many who had what it took to buy it and were willing to