Since its origin, Palm Jumeirah has been considered to be one of the most sought-after communities in Dubai. If we talk about 2021 - 2022 real estate trends then a massive increase in the average price of apartments & villas has been seen. Residential apartments saw a rise of 43% in average transaction price while villas saw a rise of 26% since the first quarter of 2021.
The most favourable thing in favour of Palm Jumeirah is - the price & demand both are high here. Property buyers here are continuously looking for large & spacious units. Properties along Palm Crescent saw the highest transaction numbers, with it being the most popular residential locality in Palm Jumeirah. Best quality fitting & fixtures, resort-style amenities, and eye-catching views of the sea have helped these apartments to get better ROI and the best rental in Dubai.
On the other hand, the number of transactions in Palm Jumeirah Villas has seen a massive drop. Good thing is that this is not due to low demand (demand for villas is still high) but to limited & low inventory of Villas. So, if demand is high & inventory is low then you know better what it means.
In a few words, Palm Jumeirah is a prestigious location, with limited space & low inventory, but the demand for property is high. As well as, it is one of the few freehold regions in Dubai that provide its residents access to the beach. So, there is no possibility of value depreciation.