Bluewaters vs Palm Jumeirah: comparing sales

Денис
Denis
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27 Sep 2024
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27 Sep 2024
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Bluewaters and Palm Jumeirah are prestigious districts offering maximum privacy and thoughtfully designed amenities. Both are man-made islands but each has its own distinct character. Bluewaters is known for its compact size, while Palm Jumeirah offers an abundance of entertainment options and a wider range of property formats.

Let’s compare how sales in these areas have changed over the past year.

Bluewaters

• +52% to $2,004,000 – average transaction price.

• +24% to $13,600 – average price per square meter.

• -78% to 190 – transaction volume.

Palm Jumeirah

• +1% to $1,193,000 – average transaction price.

• -5% to $8,400 – average price per square meter.

• -51% to 1,660 – transaction volume.

Luxury markets on the rise

These are some of the most expensive districts with very few remaining available plots. Most transactions are in the secondary market. We are seeing solid price growth for ready properties, especially on Bluewaters.

Why this matters for investors

Don't believe the myth that the market is about to crash – there are no indicators to support this. New districts are being developed in Dubai, the population is growing, and the influx of investment continues to increase. All of these factors contribute to a healthy investment climate.

Where to invest?

• A branded project from the renowned Armani fashion house.

• A development by Zaha Hadid with luxury hotel services.

We’ll help you find a tenant or a buyer for resale.

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