Palm Jebel Ali plot sells for Dhs323 million as Dubai realty market gains

Dubai’s real estate market opened the week on a strong note, highlighted by a high-value land transaction on the iconic Palm Jebel Ali, where a prime plot sold for Dhs323 million. According to data from the Dubai REST platform, the land parcel spans approximately 226,000 square feet, translating to an average rate of Dhs1,430 per square foot.

The deal underscores sustained investor appetite for premium waterfront developments, particularly in emerging master communities that are witnessing renewed momentum. Palm Jebel Ali, relaunched as part of Dubai’s long-term urban expansion plans, continues to attract significant interest from developers and high-net-worth buyers seeking large-scale projects.

Broader market activity also reflected robust performance. Total sales transactions recorded on Monday morning reached Dhs1.76 billion across 477 deals, indicating steady liquidity in the sector. Meanwhile, mortgage transactions amounted to Dhs505 million from 190 deals, pointing to continued end-user and investor financing activity.

In addition, property gifts totaled Dhs184 million through 79 transactions, further illustrating diverse market movements. The figures collectively highlight Dubai’s resilient real estate sector and its continued appeal as a global investment destination.