Dubai records Dhs402 million in land gift deals across four plots

Dubai’s real estate market opened trading on Wednesday with four major land gift transactions valued at a combined Dhs402 million, reflecting continued activity across key residential zones in Dubai. Data from the Dubai REST app shows that the largest deal involved a residential plot in Al Quoz 4, spanning 281,500 square feet and valued at Dhs197 million, translating to an average of Dhs700 per square foot.

Another notable transaction was recorded in Al Safa 1, where a 36,500-square-foot plot was valued at Dhs87.5 million, with a significantly higher average price of Dhs2,400 per square foot, underscoring its premium location. In Al Ruwayyah 3, a much larger plot measuring 640,000 square feet changed hands at Dhs64 million, reflecting a lower average price of Dhs100 per square foot due to its scale and location dynamics.

The fourth transaction took place in Majan, where a 41,500-square-foot plot was valued at Dhs53.2 million, averaging Dhs1,280 per square foot. These transactions highlight varied pricing trends across districts, driven by location, plot size, and development potential within Dubai’s evolving real estate landscape.