– Citywide Comparison
Palm Jumeirah and Palm Jebel Ali have occupied a significant portion of the luxury villa sales market since January 2021, and as such can be used to gauge the overall health of the citywide luxury villa market. Between the two, Palm Jumeirah is responsible for more transactions at the AED 10 million and above mark. However, this swings to Palm Jebel Ali if the threshold is raised to AED 20 million and above.
– Palm Jumeirah Analysis
Since January 2021, Signature Villas and Garden Homes comprise over three quarters of all Palm Jumeirah Villa sales. This demonstrates their suitability to be used as case studies to examine activity at all levels of the luxury market, as between the two, they encompass a wide range of price points (all the way up to eye watering sums like AED 600 million). Both communities have seen a simultaneous decrease in both overall transaction volumes as well as sales exceeding the community average price.
– Palm Jebel Ali Comparison
Palm Jebel Ali had a strong initial sales performance post-launch in H2 of 2023. In fact, there was a visible dip in Palm Jumeirah villa sales in the first few months following the launch of Palm Jebel Ali. However, transactions have dropped across the first half of 2024 and are continuing to trend downwards.