Investors win 715 million dirhams of 3 land sales in Dubai

Dxbinteract data, which specializes in real estate market analyzes and providing interactive data and reports, revealed the sale of three plots of land in Downtown Dubai with a total profit of 715 million dirhams.

The website data showed that the three transactions, all of which were completed within five days, last month, achieved individual returns of 225 million dirhams, 290 million, and 200 million respectively for the three sellers.

The Dxbinteract data, published yesterday, also revealed that one of the investors sold one of the pieces, a plot of 51,439 square feet for 400 million dirhams, after only 18 months of buying it for 175 million dirhams, with a return of 225 million dirhams, and a profit rate of 129%.

The second plot of land, with an area of ​​36,345 square feet, was purchased in April 2017, at a purchase price of 95 million dirhams, and was sold at a value of 385 million dirhams, with a return of 290 million dirhams, and a profit rate of 305%.

The third plot of land, with an area of ​​71,169 square feet, was purchased in May 2021, compared to 200 million dirhams, and was sold at a value of 400 million dirhams, with a profit revenue of 200 million dirhams, and a profit rate of 100%.

Firas Al -Masadi, CEO of Fäm, said: “These transactions shed light on the high value of lands in the main areas of the city, and confirm how the mix of housing, commercial and entertainment offers are unique in (downtown Dubai) that made it a leading global destination for investors.”

He added: «The rapid rise in land value is a testimony of investor confidence in the future of Dubai, and this is the result of strict regulations, digital transparency tools, and long -term development strategies that the Dubai government and the land and property department in Dubai.

Real estate deals highlight the increasingly flourishing nature of the real estate market in Dubai, after the peak last year, which amounted to 180 thousand and 900 real estate transactions, at a value of 522.1 billion dirhams.

Investors achieved record profits of approximately 60 billion dirhams of the Dubai Re – -sales market in 2024, while the secondary market achieved capital gains of 59.7 billion dirhams, an increase of 34% over 2023, and an increase of 1300% during the past five years.