Developer · #43 by 12M value
Palma Real Estate
Market bulletin · Thu, 22 Oct 2026
Palma Real Estate: median AED 4,300/sqft, up 9.0% over three months on 32 sales
Palma Real Estate recorded 18 sales worth AED 209M in the 30 days to Thu, 22 Oct 2026, up 157.1% on the previous 30 days. Over the last week 8 sales were registered (AED 79.5M), against 4 the week before.
The median sale over the last three months was AED 8.70M, or AED 4,300/sqft — like-for-like prices per sqft up 9.0% on the previous three months and up 31.1% on a year earlier. Monthly medians over the past year ranged from AED 2,394/sqft to AED 4,069/sqft.
By market over 12 months: developer off-plan sales 61.5%, off-plan resales 11.5%, secondary (ready) sales 26.9%. Off-plan resales traded at a median 81.4% premium to developer prices per sqft.
Palma Real Estate registered 156 sales worth AED 973M in 12 months across 3 communities, ranking #43 among Dubai developers by value. Its most active project was Serenia Living - Tower 1 (26 sales).
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | AED 4,587 |
| Sept 26 | AED 3,128 |
| Aug 26 | AED 4,069 |
| Jul 26 | AED 2,394 |
| Jun 26 | AED 2,967 |
| May 26 | AED 2,764 |
| Apr 26 | AED 2,436 |
| Mar 26 | AED 3,754 |
| Feb 26 | AED 2,839 |
| Jan 26 | AED 2,541 |
| Dec 25 | AED 3,127 |
| Nov 25 | AED 2,533 |
| Oct 25 | AED 2,459 |
| Sept 25 | AED 2,536 |
| Aug 25 | AED 2,416 |
| Jul 25 | AED 2,684 |
| Jun 25 | AED 2,462 |
| May 25 | AED 2,554 |
| Apr 25 | AED 2,592 |
| Mar 25 | AED 3,784 |
| Feb 25 | AED 3,666 |
| Jan 25 | AED 4,206 |
| Dec 24 | AED 4,034 |
| Nov 24 | — |
Off-plan vs resale vs secondary
Monthly median AED/sqft by market (months with 10+ sales)
View data table
| Date | Off-plan (developer) | Secondary (ready) |
|---|---|---|
| Oct 26 | — | AED 4,598 |
| Sept 26 | — | — |
| Aug 26 | — | — |
| Jul 26 | AED 2,368 | — |
| Jun 26 | — | — |
| May 26 | AED 2,659 | — |
| Apr 26 | — | — |
| Mar 26 | — | — |
| Feb 26 | — | — |
| Jan 26 | AED 2,471 | — |
| Dec 25 | — | — |
| Nov 25 | — | — |
| Oct 25 | — | — |
| Sept 25 | — | — |
| Aug 25 | AED 2,406 | — |
| Jul 25 | AED 2,644 | — |
| Jun 25 | AED 2,443 | — |
| May 25 | AED 2,538 | — |
| Apr 25 | AED 2,591 | — |
| Mar 25 | — | — |
| Feb 25 | — | — |
| Jan 25 | — | — |
| Dec 24 | — | — |
| Nov 24 | — | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 1 | 0 | 14 |
| Sept 26 | 6 | 0 | 3 |
| Aug 26 | 2 | 0 | 4 |
| Jul 26 | 19 | 0 | 1 |
| Jun 26 | 7 | 1 | 4 |
| May 26 | 18 | 1 | 4 |
| Apr 26 | 9 | 0 | 0 |
| Mar 26 | 2 | 3 | 0 |
| Feb 26 | 9 | 6 | 4 |
| Jan 26 | 12 | 2 | 3 |
| Dec 25 | 4 | 2 | 2 |
| Nov 25 | 5 | 2 | 3 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 18 | up 157.1% | AED 209M | 4,587 | up 64.9% |
| Last 3 months | 32 | down 39.6% | AED 320M | 4,300 | up 61.7% |
| Last 6 months | 85 | up 23.2% | AED 617M | 2,851 | up 9.0% |
| Last 12 months | 156 | down 57.5% | AED 973M | 2,782 | up 6.2% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Off-plan (developer) | 96 | 62% | AED 2.15M | 2,511 | down 1.9% |
| Off-plan resale | 18 | 12% | AED 9.72M | 4,556 | up 10.0% |
| Secondary (ready) | 42 | 27% | AED 9.00M | 4,213 | up 31.6% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 1 bedroom | 65 | 42% | AED 2.05M | 2,397 | down 5.6% |
| 2 bedrooms | 59 | 38% | AED 6.15M | 3,516 | up 30.3% |
| 3 bedrooms | 18 | 12% | AED 11.2M | 3,870 | up 31.5% |
| 4 bedrooms | 14 | 9% | AED 19.4M | 3,957 | down 2.3% |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 22 | 14% | AED 1.89M | 2,248 | down 1.9% |
| AED 2M–10M | 108 | 69% | AED 3.81M | 2,746 | up 4.9% |
| AED 10M–50M | 25 | 16% | AED 12.5M | 4,609 | up 12.4% |
| AED 50M+ | 1 | 1% | — | — | — |
Projects
By sales value, last 12 months
| Project | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Serenia Living - Tower 1Palm Jumeirah | 26 | 4,587 | — |
| Serenia Living - Tower 2Palm Jumeirah | 13 | 4,765 | — |
| Serenia District - East Residence 3Jumeirah Islands | 37 | — | — |
| Serenia Residences East (B)Palm Jumeirah | 7 | — | — |
| Serenia District - West ResidenceJumeirah Heights | 42 | — | — |
| Serenia District - East Residence 2Jumeirah Islands | 12 | 2,902 | — |
| Serenia Living - Tower 3Palm Jumeirah | 3 | — | — |
| Serenia Residences West (C)Palm Jumeirah | 5 | — | — |
| Serenia District - East Residence 4Jumeirah Islands | 7 | — | — |
| Serenia Residences North (A)Palm Jumeirah | 4 | — | — |
Where Palma Real Estate sells
Sales in this scope only, last 12 months
| Community | Sales 12M | AED/sqft | Share |
|---|---|---|---|
| Palm Jumeirah | 58 | 4,329 | 68% |
| Jumeirah Islands | 56 | 2,646 | 22.5% |
| Jumeirah Heights | 42 | 2,436 | 9.6% |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 30.0M | 4 BR Apartment · 6,407 sqftSerenia Living - Tower 3 · Palm Jumeirah | 23 Sept |
| AED 27.3M | 4 BR Apartment · 6,802 sqftSerenia Living - Tower 3 · Palm Jumeirah | 10 Aug |
| AED 19.6M | 4 BR Apartment · 4,253 sqftSerenia Living - Tower 2 · Palm Jumeirah | 7 Oct |
| AED 19.3M | 4 BR Apartment · 4,461 sqftSerenia Living - Tower 2 · Palm Jumeirah | 14 Oct |
| AED 14.6M | 3 BR Apartment · 3,054 sqftSerenia Living - Tower 2 · Palm Jumeirah | 5 Aug |
| AED 14.5M | 3 BR Apartment · 2,528 sqftSerenia Living - Tower 2 · Palm Jumeirah | 16 Oct |
Questions about Palma Real Estate
What is the average price per sqft in Palma Real Estate?
The median sale price in Palma Real Estate over the last three months was AED 4,300 per sqft (median sale AED 8.70M), based on 32 sales registered with Dubai Land Department.
Are property prices in Palma Real Estate going up?
Like-for-like prices per sqft are up 31.1% on a year earlier and up 9.0% on the previous three months.
How many properties were sold in Palma Real Estate in the last year?
156 sales worth AED 973M were registered in the last 12 months: 62% developer off-plan, 12% off-plan resales and 27% secondary (ready) sales.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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