Dubai: Palm Jebel Ali will release more ultra-luxury homes, so real estate buyers have the advantage of price compared to the cost of Palm Jumeirah House.
According to Fam Properties, the average per square foot (PSF) of a house on the water in Dubai’s second palm is about 2500 dh compared to the current average of 8,000 psf in Palm Jumeirah. This means that Palm Jebel Ali investors have plenty of space to see the value of your property.
“In the past three years alone, Palm Jumeirah has seen villa values surge over 50%,” said Firas Al Msaddi, CEO of fam. “In markets like Dubai, waterfront homes often command 30% to 50% premiums over similar inland homes. This is simply because demand far outstrips the limited supply.”
At the end of 2023, Dubai resumed PJA with an all-new master plan, with the island’s target being more than twice as large as Palm Jumeirah. Since then, master developer Nakheel has developed regular publications from more homes at PJA, with a top line of over DH30 million now on the market.
“With the final phase of ultra-luxury villas about to be introduced, this is the last opportunity to acquire six and seven-bedroom waterfront residences directly from the (master)-developer,” said Al Msaddi.
According to industry sources, private developers have started purchasing land for upcoming developments. When they launch, they will set new pricing norms for the PJA.
Where Palm Jebel Ali prices check in now
- Palm Jebel Ali villa plots are frequently double the size of those on Palm Jumeirah – 21,000 square feet vs. 10,500 square feet – providing customers with additional space and exclusivity, according to fam Properties.
- The average price per square foot for built villas is roughly Dh3,000, against Dh9,000 on Palm Jumeirah.
- Prime waterfront plots on Palm Jebel Ali cost Dh2,500 per square foot, while Palm Jumeirah costs Dh8,000.
- For comparable ultra-luxury villas, PJA entry rates are roughly 50% lower than Palm Jumeirah.
- Palm Jebel Ali provides customers with 3- to 4-year payment plans, a “major advantage” over Palm Jumeirah, which only allows for resale transactions with full upfront payment.
“For investors, this establishes a clear principle – waterfront real estate isn’t just about scenic views and exclusivity,” said Al Msaddi.
“It’s about superior long-term returns, which is the obvious attraction of Palm Jebel Ali.”