2022 Palm Jumeirah Q1 Market Report - Sales Transactions
Transactions Recorded at Dubai Land Department (DLD)
Palm Jumeirah "Secondary Market" Sales – Q1 2022
Total Volume of Sales: 413 | 34% Increase from Q1 2021
Total amount of Sales (AED): 3.9 Billion | 96% Increase from Q1 2021
Apartments Sold: 211
Villas / Townhouses Sold: 51 | % Increase from Q1 2021
Land / Plots Sold: 24
Serviced Apartments Sold: 124
Shops: 1
Transactions between 0 - 2m AED = 77 | 19 % of all transactions
Transactions that sold between 0 - 3m AED = 190 |46 % of all transactions
Transactions above 5m AED = 111 | 27 % of all transactions
Most Expensive Plot Sold : 30m AED | Frond J 15,221 Sqft
Most Expensive Villas Sold (Top 4):
280m AED – Signature Villa | Custom Built frond N (27,500 Sqft plot)
87m AED – Signature Villa | Custom Built Frond J
62m AED – Signature Villa – Custom Built Frond G
50m AED - Signature Villa – Custom Built Frond I
Most expensive Apartments Sold (Top 4):
57m AED – W Residences
50m AED – Serenia Residences
48mAED– Palme Couture
48m AED– One Palm
Average Price per SqFt for a Palm Property – 2,099 AED Per Sqft
Average Property Size Sold – 1,745 AED per SqFt
Villa Transaction Prices in AED
(Villas on the fronds include both the Nakheel standard villas as well as custom built villas which have larger plots and built up sizes)
· Signature Villas (Nakheel & Custom built)
9 Transactions in Million AED
280, 87, 62, 50, 43, 36.25, 29, 25, 24.55
· Garden Home Villa Sizes (Nakheel & Custom built)
31 Transactions in Million AED
35.3, 30, 28.5, 23, 21.5, 21.5, 20, 20, 19.95, 19.5, 19, 18.5, 18.5, 17.25, 16, 16, 15.8, 15.5, 15.1, 15, 15, 14.93, 14.8, 14.75, 14.5, 14.5, 14, 13, 12.9, 12.5, 12.5,
Other Villas
· 2 Villa sale in Balquis Residences | 20m & 10m AED
Townhouses:
11.35m (Palma Residences)
11.25m (Palma Residences)
9.25m (Palma Residences)
7.7m (3 Bed Canal Cove)
Off Plan Sales - Oqood Issued
Total Volume of Sales: 97
Total amount of Sales (AED):728.55m AED
Apartments Sold: 61
Serviced Apartments Sold: 36
Average Price per Sqft: 3,172 AED Sqft
Maximum Price for Sqft Sold: 8,844 AED Sqft
Most Expensive Off Plan Properties Sold in AED (Top 4)
62.92m – Royal Atlantis
41.3 – Royal Atlantis
38.8m – Royal Atlantis
38.8m – Royal Atlantis
Overall Sales of Off Plan & Ready Properties Q1 2021
Total Volume of Sales: 510
Total amount of Sales (AED): 4,628,000,000 AED