“Palm Jebel Ali” provides real estate opportunities on the waterfront

A report issued by the “Fäm” real estate company confirmed that “Palm Jebel Ali” is currently standing as one of the most exciting real estate opportunities in the world, as global investors provide an opportunity to have distinguished assets on the waterfront at early stage prices.

The report added that the “Palm Jebel Ali” project is about to repeat the success of its predecessor, “Palm Jumeirah”, as it appears as a more spacious alternative and at reasonable prices compared to its coastal neighbor, thanks to a mixture of larger areas and lower prices for the square foot of the homes and lands, which gives an unavoidable attractiveness to investors.

“With the launch of the last stage of the very luxury villas, this is the last opportunity to buy housing units on the waterfront in six and seven bedrooms directly from the developer,” said Firas Al -Masadi, CEO of “Fäm”, Firas Al -Masadi.

He added, “Once this stage is completed, these villas will be available only in the secondary market, as the demand for resale is expected to lead to a significant increase in prices.”

Al -Masdi continued: «During the coming weeks, the main ads will increase the attention and request of investors, with the flow of wealthy global buyers, which increases the intensity of competition.

Al -Masdi said: “In the main markets like Dubai, homes overlooking the waterfront often achieve higher installments between 30 and 50% compared to similar internal houses. This is simply because the request is far exceeding the limited supply. In the past three years alone, (Palm Jumeirah) witnessed an increase in villas in villas by more than 50%.

According to the “Fäm” report, the first investors who realized the potential of “Palm Jumeirah” have achieved huge returns, at a time when “Palm Jebel Ali” is currently presenting a similar opportunity, with a number of main competitive advantages, including areas of plots of villas in the “Palm Jebel Ali”, often twice the area of ​​that in “Nakhla Jumeirah” by 21 thousand square feet compared to 10.5 thousand square feet.

According to the report, the average price of the square foot for villas built on the “Palm Jebel Ali” is about 3000 dirhams, compared to 9,000 dirhams in “Palm Jumeirah”. The average price of plots of land overlooking the waterfront in the “Palm Jebel Ali” is 2500 dirhams for the square foot, compared to 8,000 dirhams for the foot in the “Palm Jumeirah”.

As for the initial prices, it is approximately 50% less than the “Palm Jumeirah” for similar luxury villas.

The “Fäm” report pointed out that “Palm Jebel Ali” provides buyers for payment plans for a period ranging between three and four years, noting that it is a main advantage compared to “Palm Jumeirah”.

The “Fäm” report stated that the total area of ​​”Palm Jebel Ali” is 147 million square feet, and its coast extends along 110 km, compared to its 61 million square feet and its coast.

He added that with the transfer of about 6,500 wealthy people to Dubai annually because of its safety, and the exemption of income tax, and high real estate returns, it is expected that the “Palm Jebel Ali” is expected to become the next name in the luxury real estate sector.