Volume and Value Breakdown
All villas currently commissioned for construction on the Palm Jebel Ali thus far
are either five, six or seven bedrooms. Furthermore, all transactions have been
in excess of AED 18 million, rising as high as AED 45 million. All of this points to
Palm Jebel Ali’s place being in the highest echelon of luxury, alongside the likes
of Bluewaters Island and Palm Jumeirah.
In the 36 days since its launch, 61.8% of all citywide residential sales valued over
AED 18M have come from Palm Jebel Ali, netting a total sales value of just over
5.4 billion AED. However, due to the nature of payment plans (given that all
transactions have been off-plan thus far) it is estimated that only 20% of the
final amounts have been paid, which would suggest that the total value of
Palm Jebel Ali sales has been inflated somewhat. This, in turn, suggests that the
entirety of the Dubai off plan market is being reported at higher values (the full
values of the contracts) rather than at how much cash has actually been paid.
Citywide Sales Prices Breakdown
Palm Jebel Ali has managed to capture an impressive portion of the
ultra-luxury market in Dubai thus far, despite only recently being launched and
still being in its infancy, so to speak. Just over 10% of all sales citywide with
values over AED 18 million are Palm Jebel Ali transactions. That figure climbs to
an even more impressive 14.4% if the bracket is reduced to sales between AED
18 million and AED 25 million.