Dubai’s real estate market has recorded a significant milestone with the sale of a granted commercial land plot at Royal Amwaj in Palm Jumeirah for more than Dh1 billion, reinforcing sustained investor confidence in the emirate’s property sector.
According to official figures from the Dubai Land Department’s Dubai REST platform, the plot spans approximately 858,645 square feet and was transacted at Dh1,166 per square foot.
By early afternoon UAE time, total real estate transactions across Dubai had exceeded Dh3.18 billion. This included Dh1.73 billion in sales, Dh280.98 million in mortgages, and Dh1.17 billion in property gifts. Sales activity accounted for over 54% of the day’s total market movement.
Dubai’s property sector has also delivered strong performance in the first quarter of 2026, with total sales reaching Dh175.88 billion — marking a 23.85% year-on-year increase. The figures underline the resilience and continued appeal of Dubai real estate to regional and international investors despite ongoing geopolitical uncertainties.