Large Land Deal Completed in Dubai

A significant real estate transaction in Dubai saw a land plot at the Royal Amwaj project on Palm Jumeirah sold for over Dh1 billion, according to official data. The commercial plot covers 858,645 square feet, with a price of Dh1,166 per square foot. This landmark sale highlights continued investor confidence in Dubai's property market despite regional uncertainties.

By 1:45 PM UAE time, total real estate transactions had surpassed Dh3.18 billion, including Dh1.73 billion in sales, Dh280.98 million in mortgages, and Dh1.17 billion in gifts. Sales represented 54.49% of the overall activity. The Dubai property sector has shown strong performance in the first quarter of 2026, with sales increasing by 23.85% year-on-year to Dh175.88 billion.

Khitam, the Chief News Editor, has over 22 years of experience reporting on national and regional news from Dubai, with a focus on UAE, GCC, and Arab affairs. Her career began as a translator and progressed through various editorial roles. Khitam's passion for journalism was ignited early in life, and she is dedicated to providing accurate and timely news to readers.