“W Capital”: The top 10 land deals in 2023 worth Dhs8.6bn
*Land sales reflect the strong momentum within the Dubai real estate market
*The rebound in land sales reflects developers’ ambitious plans to launch new projects,
Walid Al Zarooni:
Dubai,22 October 2023: “W Capital”, a leading real estate brokerage based in Dubai, followed up the 10 largest deals of land selling in the Dubai since the beginning of this year, with a total value of Dhs8.6bn.
The study based on data from the Dubai Land Department -DLD, showed that the largest land sale deal in terms of value and area was in the “Maqtarah” area, for residential purposes, worth Dhs3.87bn, with an area of 203.1 million square feet, at 19 dirhams per foot.
In second place was the deal of a plot of land for residential purposes, also in Maqtarah, worth Dhs1.834bn, with an area of 2.75 million square feet, at a price of 666.2 dirhams per foot.
The deal of residential purposes plot in “Al Sufouh2” came third, with an area of 33.108 million square feet, worth Dhs630.79mn, at a price of 19.05 dirhams per foot.
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