Properties for sale in Palm Jebel Ali

Palm Jebel Ali is an artificial archipelago that falls in the district of Jebel Ali Dubai. The construction of this island began in October 2002. One fun fact about Palm Jebel Ali is that it is 50% larger than Palm Jumeirah. This community only has villas which will be divided into a few sub-communities. In terms of its construction, the breakwater was completed in December of 2006. Later, the development work on the infrastructure was initiated. It is estimated that Palm Jebel Ali will be able to house nearly 250,000 people.

Types of Properties in Palm Jebel Ali

In terms of residential properties, there are no apartments in this community. However, there are plenty of villas for sale in Palm Jebel Ali to choose from. The most popular villa comes with 6 beds, 6 baths and an overall floor space of 9,000 sq. ft. For those interested in 5-bed villas can expect them to come with 5 beds, 7 baths and around 8,600 sq. ft. of floor space.  For those looking for a slightly smaller 5-bed villa, they can expect a floor plan setup that comes with an overall space of 7,000 sq. ft.

Sale Price Trends for Properties in Palm Jebel Ali

The price of 5-bed villas will range between AED 27.5M to AED 55M. Moving on, there are some 6-bed villas that come with 7 baths and 7,000 sq. ft. of floor space; for these units, one can expect to pay AED 35M. One should keep in mind that currently there aren’t many selections available in terms of villas. This is because Palm Jebel Ali is in its infancy when it comes to its construction. However, more listings will be available once they are constructed.

Popular Areas of Palm Jebel Ali

Currently, Palm Jebel Ali is being constructed. Mina Jebel Ali and Jebel Ali Commercial are districts where one can find various free zone companies. While many believe that Jebel Ali is strictly a free zone commercial area, this is certainly not the case and there are many other things in Jebel Ali that one will be surprised to discover. For instance, it is home to the world’s largest desalination plant which is responsible for providing Dubai with a considerable amount of fresh water. Jebel Ali is also one of those ports where the U.S Navy often docks their vessels. This is because it has a deep harbour, enabling cruise ships to easily dock in the area.

Reasons for Investing in Palm Jebel Ali

The properties in Palm Jebel Ali fit into the category of ultra-luxury residential units that offer residents the option to live on an artificial island. For instance, in the fourth quarter of 2016, the average growth in home equity was around 5%. In 2017, there was a slight dip but then in the second quarter of 2017, the equity shot up by 3%. The reason behind these trends is to show the growth potential of home equity.

Lifestyle around Palm Jebel Ali

Nearby there are plenty of restaurants to choose from. For instance, there is the Divaz Floating Restaurant that is located on Sheikh Zayed Road. This is a great casual restaurant that has an environment appropriate for families. For those who prefer BBQ once in a while, they could visit Famous Dave’s that serves smoked BBQ meat American style. Nearby there is also a tavern known as the Mushref Bar which is on Sheikh Zayed Road.