العربية
Lamsi Plaza Sold at Auction for AED 188.7 Million
August 21, 2025 | Al Emarat Al Youm
The "Lamsi Plaza" shopping center, located in Oud Metha, Dubai, was sold for AED 188.7 million during an auction held on Wednesday, August 20.
The auction witnessed strong competition among 37 bidders through the online platform of Emirates Auction, which listed the property with a starting price of AED 185 million.
According to the description on the Emirates Auction website, the offering included two land plots designated for commercial, office, and residential use. The first plot measures 4,110.96 square meters, and the second plot measures 4,087.73 square meters (a total of 88,250 square feet), with a total built-up area of 390,111.82 square feet.
The website further clarified that the movables and the trade license were not included in the sale, and that the offer was exclusively available for GCC nationals.
It is worth noting that Lamsi Plaza shopping center was affected by a minor fire in March 2017 and has remained closed since then
This article is translated and not the actual content.
