2021 Palm Jumeirah Full Market Report For SecondaryMarket Properties
Total Volume Of Sales (Ready Built): 1,262 (103% Increase From 2020)
Total Amount Of Sales (Aed): 10.05 Billion AED (279% Increase From 2020)
Apartments: 876 (127% Increase From 2020)
Villas: 242 (120% Increase Than 2020)
Land: 87 (129% Increase From 2020)
Most Expensive Villa Sold 119.5m AED (2020 Most Expensive Villa Was 30m AED)
Most Expensive Plot Sold: 58,760m AED
Most Expensive Apartment Sold 77m AED – 22 Carat Residences (In 2020 it was 40m – Serenia Residences)
Top 10 Residential Sales Deals 2021 (AED)
1. Palm Villa – 22 Carat – 119.5m
2. Palm Villa – N100 – 111.250m
3. Palm Villa – 22 Carat – 105m
4. Palm Villa – 22 Carat – 89.181m
5. Palm Villa – Frond J – 81m
6. Apartment – 22 Carat - 77m
7. Apartment – Palme Couture – 72m
8. Palm Villa – Frond J – 70m
9. Palm Villa – Frond F – 69.2m
10.Palm Villa – Frond M – 65m
Average Price Per Sqft For A Palm Property - 1,445 AED Per Sqft (1,130 In 2020)
Maximum Price Per Sqft Paid: 16.000 AED A Sqft (4,288 In 2020)
Average Property Size Sold – 1,993 AED A Sqft (1,879 In 2020)
2021 Palm Jumeirah Full Market Report For Off Plan – Oqood Registered
Total Volume Of Sales : 761 (502 In 2020)
Total Amount Of Sales (AED): 4.37B (884.7m In 2020)
Apartments: 293 (58 In 2020)
Services Apartments: 468 (442 In 2020)
Villas : 0
Most Expensive Apartment Sold : 43m AED – One Palm
Top 10 Residential Off Plan Sales in 2021 (AED)
1. One Palm Apartment – 43m
2. One Palm Apartment – 40m
3. One Palm Apartment – 36.4m
4. One Palm Apartment – 35.6m
5. One Palm Apartment - 33.5m
6. One Palm Apartment - 33.4m
7. Atlantis The Royal – 33.2m
8. Atlantis The Royal – 33m
9. One Palm Apartment – 32.2m
10.One Palm Apartment – 31.6m
Above stats taken from Reidin– Please note we do not take any responsibility for the authenticity of the figures.
Brief 2021 Palm Jumeirah Review
The start of 2021 marked a period of sustained growth as property prices and rents across communities in the UAE including the palm increased. The villa communities especially saw a turnaround in prices.
Palm Jumeirah villas and plots have seen the highest increase in value throughout Dubai with prices seeing up to a 100% increase within a 12-month period from December 2020
After a challenging year we had, the palm saw an incredible turnaround with a 100% rise in property transactions and 280% increase in total amount of sales (AED) topping the 10-billion-dirham mark. A remarkable achievement which is a testament to the Popularity of the island.