Palm Jebel Ali Offers Best Prices for Waterfront Homes in Dubai

Post by: Pratik Kumar

Palm Jebel Ali is becoming a popular place for people who want to buy luxury homes by the water in Dubai. Right now, the price of these homes is much lower than homes in Palm Jumeirah, making it a good time for buyers to invest. Experts believe that prices will rise in the future, giving buyers a chance to make a good profit.

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At the moment, the cost of a home in Palm Jebel Ali is about Dh2,500 per square foot, while a similar home in Palm Jumeirah costs Dh8,000 per square foot. This means that people who buy homes in Palm Jebel Ali now could see their property value grow over time.

In the last three years, home prices in Palm Jumeirah have gone up by more than 50%. Firas Al Msaddi, the CEO of Fam Properties, said that homes near the water always cost more than homes away from the water because many people want them, but only a few are available.

In 2023, Dubai restarted the Palm Jebel Ali project with a new plan. This island will be more than twice as big as Palm Jumeirah. Since then, the company building the homes, Nakheel, has been selling more luxury villas. Some of these villas cost more than Dh30 million.

"The final phase of these luxury villas is coming soon. This is the last chance to buy a six or seven-bedroom villa from the main developer," said Al Msaddi.

Experts say that many private companies have started buying land in Palm Jebel Ali to build new homes. When they sell these homes, the prices in the area may go even higher.

One of the biggest benefits of buying a villa in Palm Jebel Ali is the size of the land. In Palm Jebel Ali, most villa plots are about 21,000 square feet, while in Palm Jumeirah, they are only around 10,500 square feet. This means people get more space and privacy.

If someone wants to buy a fully built villa, the price per square foot in Palm Jebel Ali is around Dh3,000, while in Palm Jumeirah, it is Dh9,000. For land near the water, the price in Palm Jebel Ali is Dh2,500 per square foot, while in Palm Jumeirah, it is Dh8,000.

Overall, Palm Jebel Ali villas are almost 50% cheaper than similar villas in Palm Jumeirah. Another big advantage is the payment plan. In Palm Jebel Ali, buyers can pay over 3 to 4 years, while in Palm Jumeirah, most homes must be paid for in full right away.

“For people who want to invest, waterfront homes are not just about the nice views and private space,” said Al Msaddi. “They are also a great way to make money in the long run. That is why Palm Jebel Ali is a great choice right now.”

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