Dry land? I'll say! (4)
I believe the answer is:
isle
'dry land?' is the definition.
(isle is a kind of dry land)
'i'll say' is the wordplay.
'say' indicates a 'sounds like' (homophone) clue.
'ill' sounds like 'ISLE'.
(Other definitions for isle that I've seen before include "Skye or Capri?" , "Eg, Staffa" , "cut-off location" , "'This scepter'd - - (Shakespeare)" , "This could be key" .)