A plot of land sells for Dhs600 million at Dubai Islands

Gulf Today, Staff Reporter

Dubai Islands recorded the sale of a plot of land worth Dhs 600 million, with an area of 242,000 square metres, according to Dubai Rest data.

The second highest selling deal came in Al Thanya Fifth, which was a plot of land worth Dhs122 million, with an area of 10,700 square metres.

The total value of Dubai real estate sales since the beginning of trading on Monday amounted to more than Dhs1 billion, resulting from more than 113 deals.

In September, Gulf Today learned from informed sources that Nakheel sold the entire supply of the first phase of Palm Jebel Ali villas, within just hours of opening reservations.

From 6 am, buyers and investors of various nationalities competed at the Nakheel Properties sales center, located at the entrance to Palm Jumeirah, to win opportunities to own a luxury villa or a plot of empty land within the newest waterfront urban development areas in Dubai.

The waiting queues extended in front of Nakheel Center until they reached the external courtyards and parking lots, in light of the large turnout during the day designated for the investor and public, two days after the first phase was presented to VIPs, companies and brokers accredited and registered with the company.