2021 Palm Jumeirah Q2 Market Report - Sales Transactions
Transactions Recorded at Dubai Land Department (DLD)
Palm Jumeirah "Secondary Market" Sales - Q2 2021
Total Volume of Sales: 396 (309 in Q1 2021) 28% Increase
Total amount of Sales (AED): 3.33 Billion (1.99 Billion AED in Q1 2021) 67% Increase
Apartments Sold: 257 (217 in Q1 2021) 18% Increase
Villas / Townhouses Sold: 81 (49 in Q1 2021) 65% Increase
Land / Plots Sold: 4 (11 in Q1 2021)
Serviced Apartments Sold: 14 (7 in Q1 2021) 50% Increase
Commercial Land: 34
Shops: 1
Transactions between 0 - 2m AED = 145 (37% of all transactions)
Transactions that sold between 0 - 3m AED = 223 (56% of all transactions)
Transactions above 5m AED = 114 (29% of all transactions)
Most Expensive Plots Sold (Top 2):
330m AED Commercial Plot – 671, 322 Sq Ft
27.5m AED Residential Plot – 14,697 Sq Ft
15m AED Residential Plot – 16,784 Sq Ft
Most Expensive Villas Sold (Top 4):
119.5m AED – 22 Carat Villa
105m AED – 22 Carat Villa
89.181m AED – 22 Carat Villa
81m AED - Signature Villa – Custom Built Frond J
Most expensive Apartments Sold (Top 4):
24.7m AED – Palme Couture
20m AED – Palme Couture
16.5m AED – Five Palm Jumeirah – 4 Bed
14.4m AED – Five Palm Jumeirah – 4 Bed
Average Price per SqFt for a Palm Property – 1,442 AED Per Sqft
Maximum Price Per SqFt Paid: 10,000 AED Per Sqft
Average Property Size Sold – 1,955 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 Villa Sizes :
34 Transactions
Price range from 15.5m AED to 81m AED
· Garden Home Villa Sizes :
38 Transactions
Price range from 9m AED to 22m AED
Other Palm Villa transactions (Non fronds)
· 1 Villa sale in 22 Carat – 119.5m AED
· 1 Villa sale in 22 Carat – 105m AED
· 1 Villa sale in 22 Carat – 89.181m AED
· 1 Villa sale in 22 Carat – 40.37m AED
· 1 Villa sale in 22 Carat – 35m AED
· 1 Villa sale in Balquis Residences – 23.5m AED
· 1 Villa sale in Balquis Residences – 18.35m AED
· 1 Villa sale in Kempinski Residences – 19m AED
· 1 Villa sale in Balquis Residences – 10.8m AED
Townhouses:
8.2m, 7.8m (4 Bed Canal Coves)
Off Plan Sales - Oqood Issued
Total Volume of Sales: 135
Total amount of Sales (AED): 941.89 AED
Apartments Sold: 44
Serviced Apartments Sold: 91
Average Price per Sqft: 2,239 AED Sqft
Maximum Price for Sqft Sold: 6,491 AED Sqft
Most Expensive Off Plan Properties Sold in AED (Top 4)
28.146m – W Residences Palm
28m – One Palm
28m – Atlantis the Royal
27.142m – W Residences Palm
Overall Sales of Off Plan & Ready Properties Q2 2021
Total Volume of Sales: 531
Total amount of Sales (AED): 4,270,000,000 AED