Palm Jumeirah 2019 - Q1 Market Report

2019 Palm Jumeirah Q1 Market Report - Sales Transactions -

Transactions Recorded at Dubai Land Department (DLD)

Total Volume of Sales: 291 (110% Increase than 2018)

Total amount of Sales (AED): 926,280,000m AED
 

Apartments Sold : 235 (90% Increase than 2018)
 

Villas Sold : 25 (250% Increase than 2018)

Land / Plots Sold : 7 (20% Less than 2018)

Serviced Apartments Sold: 24

Most Expensive Villa Sold:

51m AED 

Most expensive Apartment Sold:

14.216m AED – Serenia Residences

10.9m AED Tiara Residences

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Average Price per SqFt for a Palm Property - 1,014 AED Per Sqft

Maximum Price Per SqFt Paid: 9,316 AED Sq Foot

Average Property Size Sold - 1,746 SqFt

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Villa Transaction Prices in AED (These are for villas on the fronds and include both Nakheel standard villas as well as custom built villas which have larger plots and built up sizes)

Signature Villa (Nakheel & Custom built) : 51m, 29.7m, 26.25m, 23.5m, 22m, 21m, 20m, 20m, 13.6m, 12m

Garden Home Villas (Nakheel & Custom built): 18.717m, 14m 13.1m, 13m, 13m, 10.75m, 8.5m, 7.6m, 7.4m , 7.2m 6.7m 

Quarterly stats taken from Reidin

The above statistics shows a significant increase in transactions when compared to 2018. The general sentiment on the palm is that prices have plateaued and now is a good time to buy and get yourself a great deal.

Feel free to contact me if you are looking at buying, selling or renting. With over 9 years experience on the Palm I can give give you upfront honest advise.