Palm Jebel Ali is a new unique artificial island in the shape of a palm tree, like Palm Jumeirah. The archipelago is twice the size of its predecessor and will be built up in stages over several years. The construction is carried out by the state developer Nakheel.
The project started back in the early 2000s, but was frozen due to the global crisis of 2008. In 2023, amid the growth of the Dubai real estate market, the project was resumed and has already attracted the attention of professional investors.
Main features of the location:
- the archipelago consists of 7 islands connected by bridges and 16 branches
- here will be the longest beach line in the UAE — 110 km
- more than 80 hotels from world brands are planned here, the number of villas on the seashore is expected to reach 1,700 objects, and the number of new apartments will be about 6,000. The increase in the supply of coastal real estate will help meet the growing demand and balance the market.
- The «second palm» will be built up with unique futuristic buildings, among which elite residential real estate will be adjacent to luxury hotels and community centers. Water transport will become the main mode of transportation on the island, which will be surrounded by boat marinas and yacht clubs. The road to the island will be carried over a grandiose bridge, Gateway Bridge.
- The construction of a unique MOON complex is planned on Palm Jebel Ali. This is a grandiose project in the shape of the moon — 229 m wide and 305 m high. The landmark attraction will attract tourists from all over the world and will contribute to the further development of Dubai as a tourist destination
The project will be a significant milestone in the evolution of the emirate. The artificial island will become the seventh public center of the city with internal infrastructure, in addition to the existing ones: Deira/Bur Dubai, Downtown, Dubai Creek Harbour, The Palm Jumeirah-Dubai Marina-JLT, Dubai South and the recently launched Dubai Islands.
According to experts from Knight Frank, real estate prices in Dubai will continue to grow. Palm Jebel Ali will open up new opportunities for those who seek to invest their funds in projects with great potential and ambitious growth prospects. A large-scale megaproject will satisfy the growing demand for luxury real estate with a view of the beach. Real estate investment strategies in this area will be able to provide the highest profitability.
The strategy of investing in Palm Jebel Ali is attractive for people with ultra-high incomes. The cost of buying luxury real estate in Dubai has increased by 89% over the past 12 months. In the future, they will steadily increase by at least 15% per year, which will ensure a high profit from resale.
In addition to the high profitability of the resale of objects, the rent for apartments or villas in the coastal area also increases.
Over the year, the price of a rented living space in the Palm Jumeirah area has increased by almost 44% due to increased demand and low supply in the coastal area. We can assume that the same trend will continue on Palm Jebel Ali — this is a positive forecast for those who plan to earn on rent.
