Dubai: As Dubai’s property market continues to boom, Palm Jebel Ali is rapidly gaining attention as one of the world’s most exciting real estate opportunities.
Global investors are now being offered the chance to secure prime waterfront assets at early-stage prices, a prospect that could mirror the exponential success experienced by Palm Jumeirah.
According to a market report from fäm Properties, Palm Jebel Ali, which was revived two years ago, now stands as a more affordable and expansive alternative to its famous neighbor. With significantly lower entry prices, larger villa plots, and reduced costs per square foot, the development is attracting substantial investor interest.
Firas Al Msaddi, CEO of fäm Properties, noted that the final phase of ultra-luxury villas is about to be introduced, representing the last opportunity to purchase six and seven-bedroom waterfront residences directly from the developer. He warned that once these villas hit the secondary market, resale demand is expected to drive prices much higher.
Investors are drawn to several competitive advantages offered by Palm Jebel Ali. Villa plots here can be up to 21,000 square feet—double the size found on Palm Jumeirah—while the average price per square foot for built villas is approximately AED 3,000 compared to AED 9,000 on Palm Jumeirah.
Additionally, prime waterfront plots average AED 2,500 per square foot, significantly lower than the AED 8,000 per square foot on Palm Jumeirah. With entry prices around 50% lower and flexible payment plans spanning three to four years, Palm Jebel Ali offers substantial value.
The development boasts a vast land area of 147 million square feet with a coastline stretching 110 km, more than double that of Palm Jumeirah, which covers 61 million square feet and 78 km of shoreline.
Palm Jumeirah currently hosts around 25,000 residents along with luxury residences, retail destinations, leisure attractions, and marinas. With approximately 6,500 high-net-worth individuals moving to Dubai each year for its safety, zero income tax, and attractive property returns, Palm Jebel Ali is poised to become the next big name in luxury real estate.
Firas Al Msaddi emphasized that waterfront homes in prime markets command significant premiums due to high demand and limited supply. The early investors in Palm Jumeirah reaped exponential returns, and Palm Jebel Ali now presents a similar opportunity for those seeking superior long-term returns in a flourishing market.
With major announcements expected in the coming weeks and an influx of global high-net-worth buyers anticipated, investor competition is set to intensify, solidifying Palm Jebel Ali’s position as a standout investment in Dubai’s vibrant real estate landscape.
