Palm Jumeirah Area Guide: Prices, Rents and What It's Like to Live There
Palm Jumeirah suits buyers who want beachfront or sea-view living, from apartments on the trunk to gated villa communities on the fronds, and who have a top-bracket budget. It is freehold for foreign buyers: Dubai's freehold regulation lists the island as 1 plot. Over the latest twelve months the median one-bedroom apartment sold for AED 3,620,000, from 196 sales, and rented for AED 145,000 a year, from 1,110 contracts.
Prices at a glance
| Bedrooms | Median sale price |
|---|---|
| Studio | AED 1,520,000 |
| One bedroom | AED 3,620,000 |
| Two bedrooms | AED 6,220,000 |
| Three bedrooms | AED 11,400,000 |
| Four bedrooms | AED 27,380,000 |
| Five bedrooms | AED 53,000,000 |
| Bedrooms | Median annual rent |
|---|---|
| Studio | AED 90,000 |
| One bedroom | AED 145,000 |
| Two bedrooms | AED 200,000 |
| Three bedrooms | AED 290,000 |
| Four bedrooms | AED 600,000 |
| Five bedrooms | AED 640,000 |
| Bedrooms | Median gross yield |
|---|---|
| Studio | 5.9% |
| One bedroom | 4% |
| Two bedrooms | 3.2% |
| Three bedrooms | 2.5% |
| Four bedrooms | 2.2% |
| Five bedrooms | 1.2% |
Source: BrickDXB analysis of DLD registered sales and Ejari contracts, twelve months, Palm Jumeirah. Data as of .
All three tables show medians, not averages, for apartments on Palm Jumeirah, from BrickDXB's analysis of DLD open data over the twelve months to its latest update. Sample sizes, by bedroom type: sale medians and gross yields rest on registered sales (studio 66 sales, one-bedroom 196 sales, two-bedroom 407 sales, three-bedroom 245 sales, four-bedroom 66 sales and five-bedroom 15 sales), and rent medians rest on Ejari contracts (studio 254 contracts, one-bedroom 1,110 contracts, two-bedroom 1,705 contracts, three-bedroom 793 contracts, four-bedroom 86 contracts and five-bedroom 25 contracts). A bedroom type with no figure has no published median in the source, and gross yield is median rent divided by median price, before costs. The five-bedroom rows rest on small samples, so treat them as indicative only. Villa rents are covered in the questions below; the source publishes no villa sale median for this period.
Ask us to check the DLD-approved service charge for a specific building.
Off-plan projects in Palm Jumeirah
We found no off-plan project on Palm Jumeirah with a developer-published starting price on the pages we used, so this block is empty.
Popular buildings
| Building | Home type | Median price | Median annual rent | Gross yield | Registered sales (twenty-four months) | Rent contracts (twenty-four months) | Sample |
|---|---|---|---|---|---|---|---|
| Marina Residence | two-bedroom apartment | AED 3,800,000 | AED 191,000 | 5% | 175 sales | 846 contracts | median price from 123 sales and median rent from 622 contracts for this home type |
| Golden Mile | two-bedroom apartment | AED 3,700,000 | AED 190,000 | 5.1% | 118 sales | 798 contracts | median price from 64 sales and median rent from 432 contracts for this home type |
| Tiara Residence | one-bedroom apartment | AED 3,980,000 | AED 160,000 | 4% | 65 sales | 724 contracts | median price from 30 sales and median rent from 272 contracts for this home type |
| Seven Hotel and Apartments The Palm | studio | AED 1,380,000 | AED 89,000 | 6.5% | 119 sales | 422 contracts | median price from 60 sales and median rent from 193 contracts for this home type |
| Fairmont Palm Residence | two-bedroom apartment | AED 5,020,000 | AED 240,000 | 4.8% | 79 sales | 419 contracts | median price from 42 sales and median rent from 179 contracts for this home type |
| The Palm Tower | one-bedroom apartment | AED 4,450,000 | AED 250,000 | 5.6% | 82 sales | 302 contracts | median price from 42 sales and median rent from 149 contracts for this home type |
| Balqis Residence | two-bedroom apartment | AED 4,350,000 | AED 213,000 | 4.9% | 47 sales | 205 contracts | median price from 23 sales and median rent from 79 contracts for this home type |
| Royal Amwaj | one-bedroom apartment | AED 2,520,000 | AED 150,000 | 5.9% | 85 sales | 142 contracts | median price from 40 sales and median rent from 84 contracts for this home type |
Source: BrickDXB building pages, DLD-registered sales and Ejari rent contracts over the last twenty-four months; data as of .
Buildings are ranked by registered transactions, meaning DLD-registered sales plus Ejari rent contracts over the last twenty-four months, as published on each building's BrickDXB page. Each row shows the median price, median rent and gross yield for the building's most-sold home type, with its own sample sizes; these medians, yields and samples also cover those twenty-four months, unlike the twelve-month area tables, and the source line gives the end date. This is a ranking of activity, not a list of every building or a recommendation.
Living in Palm Jumeirah
Schools
We have not verified a school on the island for this guide, so families usually look at schools in nearby communities. Check each school's curriculum, fees and current rating in the KHDA directory, and time the drive from the frond or tower you are considering.
Healthcare
We have not yet verified a hospital on the island for this guide (to be confirmed). Check which hospitals your insurance covers and time the drive from your building.
Parks
Nakheel describes the trunk as home to apartments, hotels, restaurants, marinas, private beaches, malls and attractions, with gated villa communities on the fronds and beachfront resorts on the crescent. Al Ittihad Park has its own monorail station.
Transport
The Palm Monorail, opened in 2009, runs 5.5 km from Gateway station, at the island's entrance, through Golden Mile Galleria, Al Ittihad Park and Palm Jumeirah Mall to Atlantis Aquaventure. Its operator describes it as the only public transport system on the island, and Gateway station can be reached from the Dubai Tram. Most other trips are by car or taxi along the trunk road.
Commute times
We have not found a developer or RTA source that publishes drive times from Palm Jumeirah, so none are shown.
Similar areas
Frequently asked questions
Is Palm Jumeirah freehold?
Yes. Dubai's freehold regulation lists Palm Jumeirah as 1 plot where non-UAE nationals may own property. Check the exact unit in the DLD Property Status Enquiry before you sign or pay.
Who developed Palm Jumeirah?
Nakheel is the master developer. It dates the project's launch to 2001 and describes the island as stretching 5 km into the Arabian Gulf. Many other developers have built towers and branded residences, so check who built the unit you are considering.
How much does an apartment cost on Palm Jumeirah?
The median registered sale price was AED 3,620,000 for a one-bedroom, from 196 sales, and AED 6,220,000 for a two-bedroom, from 407 sales, over the latest twelve months. Medians vary widely between buildings, as the busiest-buildings table shows, so compare registered sales in the building you want.
What is the rent for an apartment on Palm Jumeirah?
The median Ejari rent was AED 145,000 a year for a one-bedroom and AED 200,000 for a two-bedroom, from 1,110 contracts and 1,705 contracts. New one-bedroom leases had a median of AED 150,000 and renewals AED 145,000; renewal increases are capped by the RERA rental index.
What does a villa rent for on Palm Jumeirah?
The median four-bedroom villa or townhouse rented for AED 950,000 a year, from 145 contracts, and the median five-bedroom for AED 1,100,000, from 98 contracts. Frond villas vary a lot by plot, view and renovation, so look at comparable homes before relying on a median.
What rental yield do Palm Jumeirah apartments make?
Median gross yields fell as homes got bigger, from 5.9% for a studio to 1.2% for a five-bedroom apartment, a thin sample of 15 sales. These are historical gross figures before service charges, vacancy and fees, not a forecast or a promise of return.
Have prices on Palm Jumeirah gone up?
Yes, over the latest year: the median sale price per square foot was 18.2% higher than in the previous twelve months, according to BrickDXB's analysis of DLD registered sales. Past growth is not a guide to future prices.
How do you get around Palm Jumeirah without a car?
Use the Palm Monorail, which runs 5.5 km along the trunk from Gateway station to Atlantis Aquaventure; Gateway can be reached from the Dubai Tram. Taxis cover the rest.
Are there schools on Palm Jumeirah?
We have not verified a school on the island, so most families look at nearby communities. Check ratings in the KHDA directory and time the school run.
What are service charges on Palm Jumeirah?
Each jointly owned building has its own DLD-approved budget. Ask the seller for the latest statement, or ask us to check the approved figure for the building.