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The Dubai Land Department recorded the sale of the Mankhool plot through its official REST app on Friday, with the transaction equating to an average of Dhs41,000 per square metre for the 3,000-square-metre site. No details on the buyer or seller were disclosed in the department’s data, which focuses on verified sale prices and locations to promote market transparency. The figure aligns with pricing trends in Bur Dubai neighbourhoods that offer proximity to major infrastructure and commercial hubs.
According to figures compiled by Arabian Business from Dubai Land Department statistics, the emirate’s property market generated AED286.43 billion across 79,229 transactions in the first half of 2026. Those deals included 4,861 land plots, demonstrating the segment’s contribution amid broader activity that also encompassed more than 67,000 residential units. The Mankhool transaction adds to the flow of land sales that have continued into the third quarter.
The REST application, maintained by the Dubai Land Department, supplies real-time access to transaction records for investors and analysts tracking daily movements. Department officials have emphasised that such platforms support informed decision-making across the sector. Data from the app has become a primary reference for assessing pricing in mature communities like Mankhool.
Mankhool lies in the Bur Dubai district, where land carries appeal for both residential development and mixed-use projects near key transport links. Similar plots in adjacent areas have drawn interest from developers seeking to capitalise on the city’s ongoing urban expansion. The latest sale occurs against a backdrop of steady activity in established zones that complement off-plan launches in emerging districts.
A report from IMARC Group projected the UAE real estate market to expand to USD51.43 billion by 2034 at a compound annual growth rate of 2.95 percent, with Dubai accounting for more than half the national share. Dubai Land Department aggregates for early 2026 showed residential transaction volumes moderating from 2025 peaks while land deals retained momentum. Industry analyses from Savills and Cavendish Maxwell noted that off-plan sales represented 72 percent of residential activity in the first quarter, leaving ready assets and land as complementary drivers.
Further data published by Engel & Voelkers indicated 79,281 residential sales worth AED221.4 billion in the first half of 2026, part of a market that has absorbed population growth and foreign investment. The Dubai Land Department has reported consistent land transaction counts through mid-year, with plots in central locations often commanding premiums. Such patterns position individual deals like the Mankhool sale as data points within a diversified real estate environment.
