Dubai recorded a notable real estate transaction on Friday morning, with a land plot in Umm Suqeim First sold for AED 377 million. The deal adds to the ongoing momentum in the emirate’s property market, particularly in areas known for their strategic locations and strong investment appeal.

The land covers an area of around 52,886 square feet, equivalent to approximately 4,913 square metres. Based on the transaction value, the price per square foot reached about AED 7,128, while the average price per square metre stood at nearly AED 76,730.

The sale highlights the continued attractiveness of Umm Suqeim First, one of Dubai’s well-positioned areas, where demand for land remains supported by location, development potential and investor interest.

The transaction also comes as Dubai’s real estate sector continues to show steady activity, driven by demand from both local and international investors. The emirate’s advanced infrastructure, business-friendly environment and strong global reputation continue to support confidence in its property market.

While the deal is significant, it fits within the broader pattern of sustained demand for high-value real estate assets in Dubai, especially land plots located in key areas with long-term development potential.