Palm Jebel Ali vs. Palm Jumeirah
Dubai Real Estate Market: Palm Jebel Ali vs. Palm Jumeirah — Comparison of Prices, Investment Potential and Payment Plans
Palm Jebel Ali is becoming one of the hottest spots on the Dubai real estate map for moveable investors. How does it compare to its famous predecessor, the Palm Jumeirah?
The Palm Jebel Ali project launched the sale of villas by the sea in off-plan mode in 2023 and represents one of the most exciting real estate opportunities in the world, according to a report by the realtor fäm Properties. It offers global investors the opportunity to acquire exclusive waterfront properties at an early stage of construction at attractive prices.
According to fäm Properties, the iconic Palm Jebel Ali project is making significant progress after its reinstatement and is on track to replicate the success of the Palm Jumeirah. The study envisions Palm Jebel Ali as a more affordable and sprawling alternative with lower villa entry prices, larger lots and a lower price per square foot -- making it an extremely attractive investment.
Palm Jebel Ali vs. Palm Jumeirah
The CEO of fäm Properties, Firas Al Msaddi, stated:
“With the launch of the final phase of ultra-luxury villas approaching, this is the last opportunity to acquire six-bedroom and seven-bedroom waterside residences directly from the developer.
Once this phase is sold out, these villas will only be available on the secondary market, where prices are expected to rise significantly due to high demand.
In addition, major announcements will come in the coming weeks that will increase investor interest and attract more buyers from among the global credit card clientele. “
Luxury villa market in Dubai
Those who have recognized the potential of Palm Jumeirah in the past have received extraordinary appreciation for their investments. Palm Jebel Ali now offers a very similar opportunity, but with several major advantages:
• Plots for villas on Palm Jebel Ali are often twice as large as on Palm Jumeirah (21,000 ft² vs. 10,500 ft²), giving buyers significantly more space
• The average price per square foot of built villas is around AED 3,000 ($817), while on the Palm Jumeirah it is around AED 9,000 ($2,450)
• Premium waterfront land on Palm Jebel Ali is around AED 2,500 ($681) per ft², while on Palm Jumeirah it averages 8,000 AED ($2,180)
• Entry prices for comparable ultra-luxury villas are approximately 50% lower than at Palm Jumeirah
• Palm Jebel Ali offers a 3-4 year installment plan option, a significant advantage over Palm Jumeirah, where an exclusively secondary market is available with the need for full payment in advance
Firas Al Msaddi adds:
“In premium markets like Dubai, waterside properties typically hold a 30-50% premium over comparable properties inland. The reason is simple -- demand far exceeds limited supply. In the last three years alone, the value of villas on Palm Jumeirah has increased by more than 50%.
It is therefore quite obvious to investors that seaside properties are not just about views and exclusivity — it is primarily about higher long-term appreciation, and that is the main attraction of Palm Jebel Ali. “
Palm Jebel Ali — the future of Dubai luxury
Palm Jebel Ali is more than twice the size of Palm Jumeirah. It has a total area of 147 million ft² and a coastline of 110 km long, compared to 61 million ft² and 78 km at Palm Jumeirah.
Today, Palm Jumeirah is home to approximately 25,000 residents and offers a wide range of luxury residences, villas, apartments, business zones, leisure attractions and marinas.
Around 6,500 high net worth individuals move to Dubai each year, thanks to security, zero income tax and high returns on real estate investments. Palm Jebel Ali thus has the potential to become a new icon of luxury living in the region.
Source: Arabian business
