Staff Report
Dubai, UAE
Three plots of land in Downtown Dubai have been sold for a combined profit of Dh715 million, highlighting the incredible growth and investment potential of the city’s real estate market. The three transactions, all completed within the space of five days last month, exhibited massive appreciation, fetching individual returns of Dh225 million, Dh290 million, and Dh200 million for the three sellers. The plots span 51,439 square feet, 36,345 square feet, and 71,169 square feet, respectively.
As per data from DXBinteract, an investor sold one of the plots, a prime 51,439 square feet parcel of land, for Dh400 million, just 18 months after buying it for Dh175 million. The two other plots were bought in April 2017 and May 2021 and sold at Dh385 million and Dh400 million, respectively.
“These transactions highlight rising land values in prime areas of the city, and underline how Downtown Dubai’s unique blend of luxury residential, commercial, and leisure offerings has made it a top global destination for investors,” said Firas Al Msaddi, CEO of fäm Properties.
“In addition to its commercial appeal, Downtown Dubai is a major tourist destination, attracting millions of visitors annually to its world-class attractions, luxury hotels, and fine dining establishments. This dual appeal makes it a unique investment opportunity.”
Home to 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 Dh522.1 billion.
Investors notched up record profits of almost Dh60 billion from Dubai’s re-sale market in 2024. The secondary market generated capital gains of Dh59.7 billion, 34 percent up on 2023, completing a dramatic 1300 percent increase over the last five-years.
“The rapid appreciation of land is a testament to the confidence investors have in Dubai’s future,” said Al Msaddi. “This is the result of the strict regulations, digital transparency tools, and long-term development strategies initiated by the Dubai Land Department and the Dubai Government.
“Buyers and investors see this as a secure, transparent market, and have gained trust in real estate professionals to help them capitalise on Dubai’s status as a premier investment destination. This is an exciting time for the industry, and we look forward to seeing continued momentum in the market.”
Ends
Also read: Sol Properties announces Dh1 bn GDV mixed-use Sol Levante in JVT
