A granted land plot at the Royal Amwaj development on Palm Jumeirah has changed hands for more than AED 1 billion, with Dubai Land Department data showing the commercial site covers in excess of 858,645 square feet at AED 1,166 per square foot.
The transaction is among several that pushed total real estate activity past AED 3.18 billion by mid-afternoon on the day of recording, according to figures from the DLD’s Dubai REST application. Sales contributed AED 1.73 billion of that figure, representing 54.49 percent of overall market activity, while mortgages accounted for AED 280.98 million and gifts made up the remaining AED 1.17 billion.
The billion-dirham plot sale comes against a backdrop of sustained momentum in Dubai’s property sector. First-quarter 2026 sales reached AED 175.88 billion, a year-on-year increase of 23.85 percent — figures that point to continued investor appetite in spite of broader regional tensions.
