A single plot on Palm Jumeirah has been sold for Dh1.86 billion
Dubai’s property market hit a historic milestone as two massive waterfront plots were mortgaged for Dh11.1 billion, reflecting strong investor confidence and sustained momentum across the emirate’s premium real estate segments.
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Dh11.1 billion becomes Dubai’s largest mortgage transaction to date
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Two adjoining plots span nearly 24.3 million sq ft of waterfront land
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Deal signals continued demand for premium coastal developments
Dubai: Dubai’s real estate sector has set a new benchmark after recording its largest-ever mortgage transaction, with two expansive waterfront land parcels mortgaged for a combined Dh11.1 billion during the opening trading session on Wednesday.
Data released on the Dubai REST Platform shows that the contiguous plots together cover approximately 24.3 million square feet, translating to an average mortgage value of about Dh456.6 per square foot. Market watchers say the size and scale of the deal highlight deep investor confidence in Dubai’s high-value development corridors.
Analysts believe this landmark transaction reflects sustained momentum in the emirate’s property market, particularly for large-format land parcels in waterfront locations. Demand continues to be supported by overseas investor participation, competitive financing options, and long-term optimism around infrastructure-led growth in emerging districts.
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While the mortgaged land is located within Dubai’s wider waterfront development belt, experts note that premium coastal zones such as Palm Jumeirah continue to set pricing benchmarks for luxury real estate. Together, these areas are reinforcing Dubai’s status as a global hotspot for large-scale, high-end property investments.
Property consultants add that institutional buyers and developers are increasingly targeting sizeable plots to create mixed-use communities, branded residences, and lifestyle-driven destinations. The latest Dh11.1 billion mortgage deal is being viewed as a clear signal that confidence remains strong at the top end of Dubai’s land market, even as global real estate conditions remain mixed.
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With waterfront assets staying firmly in demand, industry specialists expect further big-ticket transactions in the coming months, cementing Dubai’s reputation as one of the world’s most active markets for premium real estate development.
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