The Palm Jumeirah Q1 2019 Real Estate Report will cover everything you need to know on the latest transactions, hot sales and the average rental and sales price on most of the Palm Jumeriah Real Estate Projects
The largest man made island saw a minimal increase in the number of sales transactions from Q1 2018 standing at 304 (up from 298 in 2018)
You can read the full 2018 Dubai Real Estate Market Overview Here
The residential sector recorded 292 sales transactions (Apartments/Penthouses/Villas/Townhouses)
268 transferred DLD transactions (Secondary market transfers) & just 19 Offplan sales (Under construction projects)
What Was The Highest Residential Transaction?
The highest value ticket sale on Palm Jumeirah in the first quarter of 2019 is a Signature villa on Frond J that sold for a
51,000,000 AED ( 5,667 AED/SQFT)
Most Expensive Apartment Sold In Palm Jumeirah Q1 2019
The 5,217 SQFT 4 bedroom apartment in Tiara Residences (Ruby) sold for 10,900,000 AED
The highest value ticket Offplan sale on Palm
104 homes are spread out over eight different Mansions, each featuring their own dedicated lobbies and private lifts
The highest Price/SQFT Off plan transaction on the
The Royal Atlantis Residences are amongst the most exclusive beach homes and apartments in Dubai.
With attractive payment plans up to 7 years directly from developers and mega offers just like the Azure Residence
The Market is seeing an increase of first time home buyers
Will the next supply of projects affect the prices in the future?
What are your thoughts?
The Rental Market Overview
The average rental price/SQFT still remains at last years 83 AED/SQFT with the best rental deal for this quarter. 1 Bedroom in Golden Mile 2 rented out at 90,000 AED
The Five Palm Jumeirah has the highest rental price/SQFT. That recorded a 143 AED/SQFT for a 1,640 SQFT for a 2 bedroom at 235,000 AED
The highest rental transaction on the palm
a 6 Bedroom Signature villa.
rented at 625,000 AED
If you are looking to Buy/Sell/Rent Properties on the palm jumeirah feel free to reach out to me on +971 58 297 8004 / mohamed.zidan@engelvoelkers.com
