Three land plots in Downtown Dubai have been sold, yielding a combined profit of AED 715 million, underscoring the robust growth and investment potential of the city’s real estate sector.
The transactions occurred within a five-day span last month, with individual profits of AED 225 million, AED 290 million, and AED 200 million for the respective sellers.
Data from DXB interact indicates that one investor sold a prime 51,439-square-foot plot for AED 400 million, just 18 months after purchasing it for AED 175 million.
Firas Al Msaddi, CEO of fäm Properties, commented that these transactions highlight rising land values in prime areas of the city and underscore how Downtown Dubai’s unique blend of luxury residential, commercial, and leisure offerings has made it a top global destination for investors.
Home to world-famous landmarks such as the Burj Khalifa, The Dubai Mall, and the Dubai Fountain, Downtown Dubai has seen land values appreciate significantly over recent years, driven by strong demand and limited supply.
The three major plot sales in quick succession last month spotlight the increasingly buoyant nature of the Dubai real estate market following last year’s all-time peak of 180,900 property transactions worth AED 522.1 billion.
Investors notched up record profits of almost AED 60 billion from Dubai’s re-sale market in 2024.
Al Msaddi added that the rapid appreciation of land is a testament to the confidence investors have in Dubai’s future, attributing this to the strict regulations, digital transparency tools, and long-term development strategies initiated by the Dubai Land Department and the Dubai Government.
