According to Bayut, from 2014 to 2023, the cost per square foot in the Palm Jumeirah area increased by 63%. Among its main drivers, experts name natural limited supply in premium coastal areas. This is the exact real estate type Palm Jebel Ali offers.
Solid Rental Demand
Competitive entry point
Population growth drives demand
Dubai market is on the rise
Competitive Entry Point
The average villa launch price at Palm Jebel Ali is around $6,500 per square meter. This means the investment entry point for the fastest growing segment of the Dubai market – premium waterfront property – is 2.2 times lower than Palm Jumeirah’s ($14,450). And likely, the more available options appear on the new Palm, the slower the growth in Palm Jumeirah.
Solid Rental Demand
Competitive entry point
Population growth drives demand
Dubai market is on the rise
Population Growth Drives Demand
Rapid population growth and government-controlled property supply were the major price growth drivers in the market lately. By 2021, Dubai's population was estimated at 3,478,000. By the summer of 2023, Dubai's population exceeded 3,604,000
Solid Rental Demand
Competitive entry point
Population growth drives demand
Dubai market is on the rise
Dubai Market is on the Rise
In a one-year time, Q3 2022 – Q3 2023, the total value growth of the Dubai property market transactions saw a 40% increase in total value going from AED 69.5 Billion to AED 97.55 Billion
A pristine haven brought to life by Nakheel, nestled along the glistening shores of the Arabian Gulf. These opulent beachfront residences and villas provide a serene escape from the city's fast pace, granting residents an everlasting sanctuary on the stunning shores of Dubai.
The Island of Luxury and Your Future
A pristine haven brought to life by Nakheel, nestled along the glistening shores of the Arabian Gulf. These opulent beachfront residences and villas provide a serene escape from the city's fast pace, granting residents an everlasting sanctuary on the stunning shores of Dubai.
Jebel Ali: The key Dubai area of tomorrow
Expo City Dubai
Built for the Expo 2020 Dubai, this global entertainment hub remains one of the city’s main leisure destinations for locals and tourists alike. The close proximity of such a fully developed hub would surely play its part in further enhancing the lifestyle opportunities of Palm Jebel Ali residents.
Canal District
Among the most stunning architectural features of Dubai are man-made canals and lagoons loved for their serene beauty and comforting promenades. The area next to Palm Jebel Ali already has a large canal, and its infrastructure will develop further as the new Palm would play a more and more pivotal part in Dubai’s life.
DWC Airport
By 2027, the government expects nearly half of Dubai tourists to arrive through Al Maktoum International Airport (DWC). This presents a remarkable opportunity for the convenience of accommodating many of them at the closest major Dubai landmark – Palm Jebel Ali.
Port Jebel Ali
The main business and cargo port of today’s Dubai is a vital contributor to the UAE's economy, providing a gateway to over 3.5 billion consumers. Being one of the largest ports in the Middle East, it already has a world-class infrastructure for luxury cruise tourism. The development of Palm Jebel Ali would further enhance its tourist focus. All these luxury consumers arriving in Dubai right next to the new Palm would need a place to stay, constantly driving the rental demand on the island.
Palm Jebel Ali opens up splendid opportunities for investors. During the construction of Palm Jumeirah, the price per square meter started at a few hundred dollars. Today, it is one of the most expensive and popular areas in Dubai, with an average price per square meter of $19,400. Considering the success of its predecessor, the new Palm has every chance to match, and perhaps even surpass this result.
Register by November 11 for an exclusive pre-sale consultation!