According to the Dubai REST app, four land plots in City of Arabia were sold for a combined Dh808 million on Friday morning. The plots cover a total area of 1.87 million square feet, with an average sale price of Dh432 per square foot.
In a separate high-value transaction, a luxury villa in the Passo by Beyond development on Palm Jumeirah changed hands for Dh90 million. The waterfront property covers 12,400 square feet, achieving an average price of Dh7,265 per square foot.
The City of Arabia land deal reflects growing developer interest in the area, which has attracted significant attention since BEYOND Developments unveiled The Yards, a Dh4 billion Mediterranean-inspired masterplan earlier in June 2026.
The Palm Jumeirah villa sale adds to a string of ultra-luxury transactions on the island. Palm developments continue to attract premium pricing as Dubai’s waterfront communities maintain their appeal among high-net-worth buyers.
Friday’s trading activity signals continued momentum in Dubai’s property sector, particularly for development land and branded residences. With new project launches exceeding $75 billion in the first half of 2026, the market remains on track for a record year in transaction volume and investor activity.
The average land price of Dh432 per square foot in City of Arabia positions the area competitively for developers planning mid-to-large scale residential or mixed-use projects, while the Palm villa’s pricing reinforces the island’s status as Dubai’s premium villa destination.