The following is a detailed analysis of the secondary market for properties in Palm Jumeirah, Dubai, covering a period of 90 days. In this time frame, 6579 transactions worth AED 11.7 billion were recorded for apartments in Dubai, with 276 transactions worth AED 1.4 billion for apartments in Palm Jumeirah.

Regarding sales worth, Palm Jumeirah ranks third on the list of top apartment locations. The Royal Atlantis Residences topped the list of the highest sales value, with seven transactions. The top projects for secondary market apartments are The Palm Tower with 18 transactions, The Fairmont Palm North Residences and Anantara Residence with 14 and 10 transactions respectively.

For serviced/hotel apartments, there were 377 transactions worth AED 1.1 billion in Dubai, with 59 transactions worth AED 105.8 million in Palm Jumeirah. Palm Jumeirah ranked second on the list of top locations for serviced/hotel apartments. The top projects are Seven Residences and Five Palm Jumeirah, with 25 and 24 transactions respectively. Palm Jumeirah ranked third in terms of sales value for serviced/hotel apartments.

Price Ranges

The ultra-luxury range of villas priced at 50 million dirhams or more had a total of 13 transactions in Dubai, with nine transactions in Palm Jumeirah . Signature Villas Frond N (Al Naghal) and Signature Villas Frond G (Al Shishi) each had two transactions, while Signature Villas Frond J (Al Anwan), Signature Villas Frond F (Al Yabri), Signature Villas Frond M (Al Sefri), and Signature Villas Frond E (Al Bumaan) had one transaction each. 22 Carat Hotel Apartment and Villas also had one transaction.

The elite range of villas priced between 20 million and 50 million dirhams had a total of 51 transactions in Dubai, with 22 transactions in Palm Jumeirah. Garden Homes Frond M (Al Sefri) and Garden Homes each had three transactions, while Signature Villas Frond N (Al Naghal), Garden Homes Frond N (Al Naghal), Garden Homes Frond D (Al Barhi), Palma Residences, Signature Villas Frond D (Al Barhi), Garden Homes Frond C (Al Hilali), Signature Villas Frond P (Al Sullaj), and Garden Homes Frond E (Al Bumaan) each had one transaction.

For the premium range of properties, villas priced between 10 million and 20 million dirhams had a total of 128 transactions in Dubai, with 15 transactions in Palm Jumeirah. Palma Residences had four transactions, while Canal Cove Villas had three transactions. Garden Homes, Garden Homes Frond B (Al Khalas), Garden Homes Frond M (Al Sefri), Garden Homes Frond C (Al Hilali), Signature Villas Frond B (Al Khalas), Garden Homes Frond A (Al Fardh), and Garden Homes Frond N (Al Naghal) each had one transaction.

In the affordable range, apartments priced between 500,000 and 5 million dirhams had a total of 4757 transactions in Dubai, with 219 transactions in Palm Jumeirah. The top projects are The Palm Tower with 16 transactions, Anantara Residence with 10 transactions, and The Fairmont Palm North Residences with 9 transactions. Shoreline Hamri, Shoreline-Basri, The 8 Residential Apartments, and Marina Residences 3 each had several transactions.

The information provided is from the sources of the Broker Terminal, an innovative platform that boasts an impressive scope, covering over 6,000 real estate projects across all freehold locations in Dubai. This includes comprehensive details about 360 developers and their respective projects. With such an extensive and thorough database, Broker Terminal serves as an unmatched resource for investors seeking to make informed decisions in the Dubai real estate market. Its unparalleled depth and breadth of information make it an essential tool for anyone looking to stay ahead of the curve in this fast-paced industry.