Palm Jumeirah is one of Dubai’s most coveted neighbourhoods, continuing to hold a dominant position in the super prime real estate market for almost 20 years. Despite the development of newer waterfront and beachfront communities around Dubai’s coastline, there is still an undeniable prestige to living on the Palm. For most people around the world the island is known for its unique shape and for record-breaking home sales that seems to take place with some regularity. But how much does it actually cost to buy a property on Palm Jumeirah? We go beyond the headlines and the buzz to take a deeper look at the iconic island’s real estate market.
The Diversity of Palm Jumeirah Homes
When master developer Nakheel first built the island, there were two key residential components planned. Apartment complexes such as Shoreline and Golden Mile spanned the central ‘trunk’ of the tree-shaped island, connecting directly to the Dubai mainland and providing a convenient option for professionals seeking an easy commute. Families seeking larger homes with a greater sense of seclusion and privacy could choose from the Signature Villas and Garden Homes dotted around the Palm’s ‘fronds’.
Today, the number of options has expanded significantly. Developments like One at Palm and Palm Tower offer contemporary apartments with stylish layouts, and a boom in branded residences has led to brands such as Six Senses, W Hotels, Kempinski, Raffles and more marking their presence around the trunk and the sweeping Crescent that wraps around the island’s outer periphery.
The original villas were considered ostentatious for their time, but now pale in comparison to the new builds that have come up. Many homeowners have upgraded the existing properties, reimagining the design and adding in modern features such as home automation, roof terraces and private amenities such as spas and cinemas. Others have purchased plots (available in limited supply) to construct mammoth properties that are among the most impressive in the city.
Naturally, property prices on Palm Jumeirah will have a notable variance based on the type of property that you’re considering.
Also Read: Most Expensive House in Palm Jumeirah
Current Property Prices
In the 12 months from December 2024 to November 2025, there were a total of 1,229 resale property transactions on Palm Jumeirah. This generated AED 12.1 billion worth of sales, or around $3.2 billion, an increase of roughly 18.5% from the same period the previous year. What makes this statistic interesting is that the total sales volume shrank by 8.5%, which highlights how much individual property prices have risen in 2025 as a result of soaring demand and supply scarcity.
Apartments:
Apartments accounted for nearly half of the sales value and three quarters of the sales volume during this period, with 948 units selling for a combined AED 6.1 billion. This should come as little surprise, as there has been a gradual rise in apartment developments across the island and that segment remains popular with single professionals and smaller families. Two-bedroom apartments make up the largest proportion of units sold, in keeping with a general trend seen across the city, followed closely by one-bedroom units. Apartments with four or more bedrooms represent the smallest percentage of units sold, due to lower supply and a preference towards villas in that range. Average apartment prices range between AED 6 and 7 million currently.
Villas:
A total of 140 villas were sold during that same 12-month period, with a total value of AED 5.7 billion. The average sales price was AED 40 million, which may seem surprising in light of several nine-figure sales and a peak value of AED 200 million. This does, however, underscore how many relatively affordable villa options exist on Palm Jumeirah at under AED 30 million - undoubtedly many of those will be upgraded and will appreciate tremendously in value over the next several months.
Four-bedroom villas were the most sought-after unit type, outnumbering the combined total of five to seven-bedroom villas sold. This is a sharp contrast from nearly a decade ago, when larger villas were in high demand due to a larger number of investors buying into the Palm in order to renovate and flip. A growth in the number of end users seeking a long-term home has led to an increase in the sale of unit types that are more geared toward mid-sized families. Taking a year-on-year comparison, we see a sharp drop in volume (60%) matched by a notable increase in sales price (28%), with the highest four-bedroom villa in November 2025 selling for 34% higher than a comparable unit in December 2024. When it comes to the right property that ticks all of the lifestyle boxes, price is clearly no object.
Also Read: Branded Residences on Palm Jumeirah
Price Trends and Factors
Palm Jumeirah remains one of the world’s most sought-after addresses, not only because of its exceptional coastal setting but because of how the area has adapted to keep up with the times. During the height of the Covid-19 pandemic, buyers appreciated the high levels of privacy and space afforded by the Palm frond villas, which became a key driver in residential sales. Investors who had bought in the pre-Covid era also began to realise the potential of their properties, with renovations and upgrades reaching the end of their cycle. A fresh wave of contemporary homes that offered vast layouts and the latest technological innovations caught the attention of new buyers coming into the city as a result of global geopolitical shifts, further enhancing Palm Jumeirah’s profile in the super prime market.
After witnessing a period of immense growth between 2021 and 2024, the area is beginning to show signs of stabilisation with prices rising at a gentler pace in comparison to the previous year. This heralds a market that is maturing and welcoming in more long-term residents seeking value and not a big-ticket vanity purchase.
Another important factor impacting sales volumes is the limited supply in the prime and super prime segments. We have seen a dropoff in villa sales for units exceeding five bedrooms, but that’s not due to any shortage of demand - the past 12 months have seen a number of large villa sales in excess of AED 100 million, which shows that there is still a healthy appetite amongst UHNWI buyers.
Going into 2026, we anticipate that the mid and lower end of Palm Jumeirah’s residential market will see further corrections as new units come to market and help to satiate some of the demand. However, recent developments like the relocation of millionaires and billionaires from the UK to the UAE will continue to generate interest in the prime villa sectors of areas like Palm Jumeirah and a continued shortage of high-end properties is likely to keep prices on a steady upward trajectory.
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