Mortgaging a plot of land on Palm Jumeirah for 4.25 billion dirhams

Today, the real estate market in Dubai recorded the mortgage of a plot of land on Palm Jumeirah worth 4.25 billion dirhams, according to data from the “Dubai Rest” application, affiliated with the Dubai Land Department.

The data showed that the total area of ​​the plot of land is about 511.35 thousand square feet, at a price of 8,311.28 dirhams per square foot.

The total value of mortgage transactions amounted to about 4.31 billion dirhams through 28 transactions, distributed as 20 for residential units, 3 for buildings, and 9 for land.

The total real estate sales amounted to about 708.9 million dirhams through the implementation of 207 transactions, distributed by 164 residential units, 30 buildings, and 13 land transactions.

While the total donations amounted to 194.92 million dirhams, through 10 transactions, distributed as follows: four transactions for residential units, three for buildings, and three for lands.

It is noteworthy that the real estate market in Dubai concluded the year 2025 with record sales, the highest in the history of the emirate, thus continuing its exceptional performance for the fifth year in a row.

Dubai real estate sales during 2025 jumped by 30.64% on an annual basis to reach more than 682.49 billion dirhams, compared to sales amounting to 522.36 billion dirhams in 2024.

Last year, mortgage transactions amounted to about 179.26 billion dirhams through 50,974 thousand transactions, while donations amounted to 57.25 billion dirhams through 9,556 transactions.