Dubai land sales reach Dhs125 billion in seven months
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Developers spent Dhs125 billion acquiring land in Dubai across the first seven months of 2026, according to Dubai Land Department data, as companies continued building their inventories of development sites ahead of a new project cycle.
The 7,981 land transactions accounted for approximately 8 per cent of the 99,900 total sales transactions recorded in the period, but a disproportionate 39 per cent of the Dhs321 billion in total real estate sales value — a figure that also includes residential units, villas and buildings. Market activity averaged around 1,140 land transactions a month, worth approximately Dhs17.8 billion.
Me’aisem 2 recorded the highest land-sale value of any area, with Dhs10.4 billion across 544 transactions, followed by Al Yalayis 5 with Dhs7.14 billion across 907 deals. Al Ruwayyah 1 ranked third by value despite just three major transactions, worth a combined Dhs6.3 billion. Palm Jebel Ali, Umm Suqeim I and Al Yalayis 1 rounded out the next tier, while Palm Jumeirah recorded Dhs2.4 billion across 44 deals.
The concentration of value in a small number of land transactions — as seen in Al Ruwayyah 1’s three deals worth Dhs6.3 billion — reflects the scale of individual site acquisitions in Dubai’s primary land market, distinct from the smaller residential resale transactions that make up the bulk of deal volume.
Australian actor Chris Hemsworth has joined Archie Rose Distilling Co. as co-owner and strategic business partner as the Sydney spirits company prepares to enter the United States. The partnership brings Hemsworth together with Archie Rose founder Will Edwards, with the pair aiming to build greater international recognition for Australian whisky. Founded in Sydney in 2014, …
Continue reading “Chris Hemsworth Joins Archie Rose as Co-Owner Ahead of Global Expansion”
Porsche has revealed a one-off 911 GT2 RS that brings the extraordinary silhouette of its 935/78 “Moby Dick” racing car onto the road. Created by Porsche Sonderwunsch with Manthey, the commission began with a near-new GT2 RS. The owner requested greater performance, a Slantnose profile and a rear wing influenced by the limited 911 GT3 …
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Citizen Kanebridge expands into Sydney’s fast-growing Norwest corridor, bringing the club back to the region where the Kanebridge story was shaped more than two decades ago.
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Citizen Kanebridge, one of Australia’s premier private members’ clubs, will open a new chapter in Sydney’s fast-growing Norwest corridor, expanding its physical footprint to meet its property, finance and investment membership base where they live and work.
The club’s primary premises remains the Royal Automobile Club of Australia on Macquarie Street in the Sydney CBD — one of Australia’s most distinguished institutions — where Citizen Kanebridge members continue to enjoy full access to its storied facilities at the heart of the city.
The new Norwest chapter, to be known as Citizen Kanebridge Norwest, will be developed in partnership with Momento Hospitality, with the venue’s top floor facility serving as the primary location for key events.
Norwest has emerged as one of Sydney’s fastest-growing commercial and residential corridors, increasingly home to the developers, financiers and investors at the heart of the Citizen Kanebridge community. The move places the club at the centre of the growth story many of its members are most engaged in.
“Norwest is where the city is moving,” said Ruba Jaajaa, COO of Kanebridge Media. “For a club built around property, finance and investment conversations, it’s simply the right place to be.”
For Jaajaa, the expansion carries a personal resonance as much as a strategic one.
“There is also a wonderful sense of coming full circle in bringing Citizen Kanebridge to Norwest,” she said. “More than 20 years ago, this is where the foundations of the Kanebridge Group were first developed. Returning to the area is a warm opportunity to reconnect with the enduring relationships, trusted conversations and community that have been part of the Kanebridge story since 1999.”
Membership will be offered as a dedicated tier, the Citizen Kanebridge Norwest Individual Membership, including monthly dining credits at Momento Hospitality venues and access to the Sonato global reciprocal club network, spanning more than 250 private clubs worldwide. Members will also receive digital subscriptions to Kanebridge Quarterly, Robb Report Australia & New Zealand, and The Wall Street Journal.
Further details on the launch event calendar, membership applications and transition arrangements will be announced soon.
For further information, contact Ross Blainey at concierge@citizenkanebridge.com.au.
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