Property Overview
A development plot in Falcon City of Wonders, Dubailand at AED 71,000,000. The plot area is 40,195 sqft with a gross floor area (GFA) allowance of 281,080 sqft. The permitted building height is G+15 for mixed residential and commercial use. The plot faces Global Village.
Plot Details
- Plot area: 40,195 sqft
- Gross floor area (GFA): 281,080 sqft
- GFA-to-plot ratio: 7.0x
- Permitted height: G+15
- Use: Mixed residential and commercial
- Asking price: AED 71,000,000
- Price per sqft (plot): AED 1,766
- Price per sqft (GFA): AED 253
- Orientation: Facing Global Village
Pricing Context
The asking price equates to AED 253 per sqft of GFA. A comparable commercial plot in Falcon City of Wonders (543,000 sqft plot with 1,428,066 sqft GFA, 321-metre height allowance) was listed at approximately AED 250 per sqft of GFA. The GFA rate is consistent.
For context on land values in the area: in August 2023, 794 plots covering 15 million sqft within Falcon City were auctioned and sold for approximately AED 1.3 billion in bulk (AED 87 per sqft of plot area). These were predominantly villa and residential plots without tower permits, making direct comparison limited. The subject plot's G+15 tower permit and 281,080 sqft GFA command a premium over villa-zoned land.
No original purchase price was provided by the agent, so savings calculations are not available.
About Falcon City of Wonders
Falcon City of Wonders is a large-scale mixed-use development in Dubailand (Wadi Al Safa 2) by Salem Ahmad Al Moosa Enterprises, launched in 2005. The master plan was designed in the shape of a falcon and originally envisioned life-size replicas of the Seven Wonders of the World, a theme park, mall, hotels, schools and over 5,500 residential units.
Current status: only the residential villa section (Left Wing) has been completed, with over 600 villas delivered and occupied. The landmark replicas, theme park and commercial components have not been constructed. The master plan has experienced extended development delays since launch.
Location
Falcon City of Wonders is located in Dubailand along Sheikh Mohammed Bin Zayed Road (E311). Global Village is approximately 10 to 15 minutes away. The area is near Arabian Ranches and accessible via both E311 and Emirates Road.
Due Diligence Notes
Given the development history of Falcon City of Wonders, buyers should conduct thorough due diligence including: verification of the plot NOC and building permit with Dubai Municipality, confirmation of the G+15 height allowance and residential/commercial use designation, assessment of infrastructure availability (roads, utilities, drainage) for the specific plot, review of service charge obligations and master developer agreements, understanding of the current master developer status and any post-auction governance changes, and confirmation of freehold title.
Verification Notes
The asking price, plot size, GFA, height permit and orientation are from the agent brief. The price per sqft figures are calculated. No original purchase price was provided. The G+15 zoning is plausible for the area but should be independently verified with Dubai Municipality.
