Palm Jumeirah - Apartments Q3 2023 Market Report

Palm Jumeirah remains a sought-after destination for homeowners, buyers, investors and tenants alike – and with prices on the rise, they’re willing to pay a premium to be a part of this iconic address. Despite a slight decrease in sales transactions, the average price for all apartment types increased in Q3. On the other hand, the rental market dodged the seasonal slowdown as we saw an increase in both new contracts and renewals. With many exciting developments completed in the last few years, we expect the Palm Jumeirah to hold its popularity and continue to attract international buyers and high net worth individuals.