Dubai sees one of the largest land transactions in recent times, indicating a growing interest in golf course communities. Three UAE-based real estate firms, AveNew by RH, Pride and Property, and Landsmith Real Estate, have jointly completed a land sale valued at over Dh300 million in Dubai’s highly sought-after Jumeirah Golf Estates.

Recognized as one of the world’s top ten lifestyle estates, Jumeirah Golf Estates features over 1,500 luxury villas, townhouses, and apartments, along with metro connectivity and hosts the final tournament of the DP World Tour Championship. This transaction highlights the increasing demand for golf course communities, driven by limited supply, sustained investor interest both locally and globally, and the UAE’s reputation as a real estate investment-friendly market.

Nitin Chauhan, director of Landsmith Real Estate, expressed his optimism about the project, stating that luxury golf course-facing villas are in high demand but limited in Dubai. This demand-supply dynamic, combined with the plot’s unique view of two Fairways, attracted interest from top developers. Kunal Singh Sandhu, owner of Pride and Property, also commented on the landmark sale, emphasizing the firm’s dedication and the promising prospect of the luxury property market in Dubai.

With Dubai ranking first in Knight Frank’s list of the world’s top luxury real estate markets and accounting for 17 percent of the segment’s total sales globally, this significant land sale reflects the city’s growing luxury segment and the general uptrend in prices.

The transaction not only marks a major milestone in the real estate market of Dubai but also signifies the increasing interest and investment opportunities in luxury golf course communities.