2022 Palm Jumeirah Q4 Market Report - Sales Transactions
Transactions Recorded at Dubai Land Department (DLD)
Palm Jumeirah "Secondary Market" Sales – Q4 2022
Total Volume of Sales: 507 | 13% Increase from Q3 2022
Total amount of Sales (AED): 4.7 Billion | 28% Increase from Q3 2022
Apartments Sold: 346
Villas / Townhouses Sold: 54 | 54% Decrease from Q3 2022
Commercial Land / Plots Sold: 30
Serviced Apartments Sold: 75
Shops: 2
Transactions between 0 - 2m AED = 141 | 28 % of all transactions
Transactions that sold between 0 - 3m AED = 252 |50 % of all transactions
Transactions above 5m AED = 108 | 21 % of all transactions
Most Expensive Residential Plot Sold : N/A
Most Expensive Villas Sold (Top 4):
600m AED –Custom Built Mansion frond N | 59,569 Sqft plot
(Most expensive villa ever sold in Dubai)
300m AED – Custom Built Villa | Frond G | 28,247 Sqft Plot
145m AED – 22 Carat Villa | 20,756 Sqft Plot
130m AED - Custom Built Villa | Frond G | 13,592 Sqft
Most expensive Apartments Sold (Top 4):
61.5m AED – One Palm |7,172 Sqft
36m AED – Serenia Residences | 12,091 Sqft
32.5mAED– Serenia Residences | 12,091 Sqft
26.4m AED– Muraba Residences | 4,791 Sqft
Average Price per SqFt for a Palm Property – 2,000 AED Per Sqft
Average Property Size Sold – 1,583 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)
(A breakdown of individual villa transactions available on request)
· Signature Villas (Nakheel & Custom built)
Price ranges from 22m to 600m
· Garden Home Villa Sizes (Nakheel & Custom built)
Price ranges from 10m to 68m
Other Villas (Non Fronds) AED
· 22 Carat | 145m
· Zabeel Saray | 53m
· 1 Villas in Balqis Residences | 12m
Townhouses (AED):
20m, 12.2m, 12m (Palma Residences 5 beds)
12.2m (Canal Cove 4 bedroom)
11.2m, 10.1m, 9m (Canal Cove 3 bedroom)
Off Plan Sales - Oqood Issued
Total Volume of Sales: 1,059
Total amount of Sales (AED): 7.62 Billion AED
Apartments Sold: 1,036
Serviced Apartments Sold: 23
Average Price per Sqft: 3,249 AED Sqft
Average Property Size Sold – 1,535 SqFt
Most Expensive Off Plan Properties Sold in AED (Top 5)
81.1m – Sixth Senses Residences
60.8m – Palm Beach Residences
60.8m – Palm Beach Residences
60.5m – Orla (Omniyat)
59.8m – AVA (Omniyat)
Overall Sales of Off Plan & Ready Properties Q4 2022
Total Volume of Sales: 1,566
Total amount of Sales (AED): 12.32 Billion AED
Quarterly stats taken from Reidin / Property Monitor– Please note we do not take any responsibility for the authenticity of the figures.