Four land plots in City of Arabia were sold for a total of Dh808 million.
Dubai: Dubai’s property market opened trading on Friday with transactions worth nearly Dh900 million, driven by the sale of four land plots and a luxury villa, underscoring continued demand for premium real estate.
According to the Dubai REST app, four land plots in City of Arabia were sold for a combined Dh808 million. The plots span a total area of 1.87 million square feet, with an average price of Dh432 per square foot.
In a separate high-value deal, a luxury villa in the Passo by Beyond development on Palm Jumeirah was sold for Dh90 million. The waterfront property covers 12,400 square feet, translating to an average price of Dh7,265 per square foot.
