Investors gain Dh715 million from three Downtown Dubai land sales
Three plots of land in Downtown Dubai were sold for a combined profit of Dh715 million, showcasing the remarkable growth and investment potential of the city’s real estate sector.
The three transactions, completed over the course of just five days last month, brought in individual profits of Dh225 million, Dh290 million, and Dh200 million for the respective sellers.
According to data from DXBinteract, one of the investors sold a prime 51,439 square foot plot for Dh400 million, just 18 months after purchasing it for Dh175 million. The other two plots were bought in April 2017 and May 2021.
These transactions reflect the rising land values in prime locations within the city and demonstrate how Downtown Dubai’s mix of luxury residential, commercial, and leisure offerings has established it as a top global investment hub. He added that Downtown Dubai’s appeal as both a commercial and tourist destination—drawing millions of visitors annually to attractions like the Burj Khalifa, The Dubai Mall, and the Dubai Fountain—makes it a unique investment opportunity.
Land values in Downtown Dubai have surged significantly in recent years, fueled by high demand and limited supply. The three major land sales last month serve as an indicator of the growing dynamism in Dubai’s real estate market, following a record year in 2024 with a total of 180,900 property transactions worth Dh522.1 billion.
Investors in Dubai’s secondary property market saw record profits of nearly Dh60 billion in 2024, marking a 34% increase from 2023 and a dramatic 1,300% growth over the past five years.
The rapid increase in land values highlights the strong confidence investors have in Dubai’s future. He credited the city’s strict regulations, digital transparency tools, and long-term development plans by the Dubai Land Department and government for fostering this trust. With Dubai’s real estate market continuing to thrive, the future looks promising for both buyers and investors.
Source : Khaleej Times
