Dubai witnesses the registration of a billion-dollar deal for a “giveaway” plot of land on Palm Jumeirah

The real estate market in Dubai recorded a record deal, represented by the sale of a plot of land granted in the Royal Amwaj project in the Palm Jumeirah area, with a value exceeding one billion dirhams.

According to data from the Dubai Rest application of the Dubai Land Department, the total area of ​​land allocated for commercial use is more than 858,645 thousand square feet, equivalent to 79.77 thousand square metres, at a price of 1,166 dirhams per square foot.

By 1:45 pm UAE time, the total real estate transactions amounted to more than 3.18 billion dirhams, distributed by 1.73 billion dirhams in real estate sales, 280.98 million dirhams of mortgages, and 1.17 billion dirhams in donations.

Thus, sales accounted for about 54.49% of the total real estate transactions, while mortgages accounted for 8.82%, and gifts accounted for about 36.68%.

It is noteworthy that the real estate market in Dubai recorded record results during the first quarter of the current year 2026, paving the way towards a new exceptional year for the sector. This performance reflects the continued momentum and high investor confidence, in addition to the stability of the market despite regional tensions, and Dubai’s ability to maintain its attractiveness and provide promising investment opportunities for various groups.

During the first quarter of 2026, Dubai real estate sales jumped by 23.85% on an annual basis, reaching more than 175.88 billion dirhams, compared to sales amounting to 142 billion dirhams in the same period in 2025.

Donations recorded 15.37 billion dirhams through the implementation of 2,048 transactions during the period from January to last March, while mortgage transactions recorded a value of 59.67 billion dirhams.