Palm Jumeirah properties have always achieved good returns on investment and are very popular with investors and end users alike.
I have analysed the sold prices against today’s listed prices to see the difference in asking prices and what is being sold. Note: I have tried to compare the same buildings where possible.
In the past 3 months, there have been 153 transfers at the Dubai Land Department in the secondary market on Palm Jumeirah.
Average prices for listings are current and for transactions are from the last three months of sales (5 of each, unless otherwise specified)
1 Bedroom, average listing price AED1,486,000, average sold price AED1,416,000 – asking price 4.8% higher than average sold prices
2 Bedroom, average listing price AED2,116,000, average sold price AED1,850.000 (av of the 4 sold in 3 months) – asking price 13% higher than average sold prices
1 Bedroom, average listing price AED1,438,000, average sold price AED1,715,000 (ave of 2 properties sold in 3 months) – asking price 17.5% lower than average sold prices – this difference could be due to left or right side apartments being in the averages, for more details please email me.
2 Bedroom, average listing price AED2,378,000, average sold price AED2,190,000 – asking price 8.2% higher than average sold prices
2 Bedroom, average listing price AED2,480,000, average sold price AED1,957,396 – asking price 23.5% higher than average sold prices
3 Bedroom, average listing price AED3,560,000, average sold price AED3,912,500 – asking price 9.4% lower than average sold prices
There have been 8 villa sales on the fronds in the past 3 months, the cheapest villa was AED9,750,000 and most expensive AED32,000,000.