Dubai records Dh1b-plus land deal in Palm Jumeirah

Dubai’s real estate market has recorded a landmark transaction with the sale of a granted land plot at the Royal Amwaj project in Palm Jumeirah for more than Dh1 billion, despite regional tensions, according to official data.

Figures from the Dubai Land Department’s “Dubai REST” app showed the commercial plot spans over 858,645 square feet, priced at Dh1,166 per square foot.

Total real estate transactions had reached more than Dh3.18 billion by 1:45pm UAE time, including Dh1.73 billion in sales, Dh280.98 million in mortgages and Dh1.17 billion in gifts. Sales accounted for 54.49 per cent of total activity.

Dubai’s property sector has posted record results in the first quarter of 2026, with sales rising 23.85 per cent year-on-year to Dh175.88 billion, underlining strong investor confidence despite regional tensions.