Dubai Land Sales Hit Record High of Dh650 Million

A plot of land in the Business Bay area sold for Dh650 million at the start of trading on Tuesday, setting a record in the real estate market in Dubai.

This historic transaction, which covers more than 333,000 square feet, is evidence of the real estate market’s ongoing strength and appeal in Dubai.

Due to 494 transactions, the total value of real estate sales in Dubai has increased to Dh2 billion. With 696 transactions, Business Bay was the market leader. After Business Bay, Dh201 million was made by Al Yafwa 1 in 63 transactions, and Dubai Maritime City made dh140 million in 40 transactions