AED 22,044,000Off-plan
Palm Jumeirah Market Report: Q3 2026
In Q3 2026, the median apartment price in Palm Jumeirah was AED 2,928 per sq ft, across 228 residential sales transactions worth AED 3.47 billion, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 228
- Residential sales transactions −3.4%
- AED3.47 billion
- Sales value +21.2%
- AED2,928
- Apartments, median price per sq ft −14.4%
- AED44.5 million
- Villas and townhouses, median price +27.1%
- 24%
- Off-plan share of sales 54 off-plan sales
- 824
- New lease registrations (Ejari) +8.6%
- AED121
- Apartment rent per sq ft, a year Broadly unchanged
- 5.1%
- Gross rental yield, apartments +0.1 pts
Apartments, median price per sq ft
Villas and townhouses, median price
Lighter bars: fewer than 30 sales
Apartment rent, median per sq ft a year
Villa and townhouse rent, median a year
Lighter bars: fewer than 30 leases
Apartment sales
Off-planReadyTotal sales
Villa and townhouse sales
Off-planReadyTotal sales
Apartment lease registrations
NewRenewedTotal lease registrations
Villa and townhouse lease registrations
NewRenewedTotal lease registrations
Homes in Palm Jumeirah
AED 11,500,000Furnished
AED 4,200,000Vacant on transfer
AED 345,000 / yearFurnished
AED 320,000 / year
AED 300,000 / year
Elevated Living | Spacious 3 Bed | West Beach
Soho Palm Jumeirah, Palm Jumeirah
- 3 beds
- 4 baths
- 2,077 sq ft
AED 295,000 / yearFurnished
AED 200,000 / year
AED 185,000 / year
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FAQ
How many residential sales transactions were recorded in Palm Jumeirah in Q3 2026?
Residential sales transactions in Palm Jumeirah totalled 228 in Q3 2026, worth AED 3.47 billion. Sales declined 3.4% quarter-on-quarter. Off-plan sales accounted for 24% of the total and owner resales 74%.
What is the price per sq ft in Palm Jumeirah?
The median apartment price in Palm Jumeirah was AED 2,928 per sq ft in Q3 2026, across 188 sales; it declined 14.4% quarter-on-quarter, and was 73% above the Dubai median. The median villa and townhouse price was AED 44.5 million, across 30 sales; it rose 27.1% quarter-on-quarter.
Are property prices in Palm Jumeirah going up or down?
The median apartment price in Palm Jumeirah declined 22.6% between Q1 2026 and Q3 2026, from AED 3,781 to AED 2,928 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 381 | AED 5.27 billion | AED 3,781 | AED 35.1 million | 631 | AED 146 | 5.2% |
| ⚠Q2 2026 | 236 | AED 2.86 billion | AED 3,421 | AED 35.0 million | 759 | AED 121 | 5.0% |
| Q3 2026 | 228 | AED 3.47 billion | AED 2,928 | AED 44.5 million | 824 | AED 121 | 5.1% |
How much does a home in Palm Jumeirah cost by number of bedrooms?
In Palm Jumeirah in Q3 2026, median prices were AED 5.7 million for a 2-bedroom apartment (85 sales); AED 2.5 million for a 1-bedroom apartment (41 sales); AED 260 million for a 6-bedroom villa or townhouse (1 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| ⚠Studio | 20 | AED 468,779 | AED 2,657 |
| 1-bed | 41 | AED 2.5 million | AED 2,374 |
| 2-bed | 85 | AED 5.7 million | AED 3,363 |
| 3-bed | 34 | AED 8.7 million | AED 3,304 |
| ⚠4-bed | 13 | AED 30.0 million | AED 5,624 |
| ⚠5-bed | 3 | AED 36.0 million | AED 2,749 |
| ⚠6-bed | 1 | AED 90.0 million | AED 7,265 |
| Bedrooms | Sales | Median price | New lease registrations | Median rent, a year | Gross yield |
|---|---|---|---|---|---|
| ⚠3-bed | 0 | – | 6 | AED 625,000 | – |
| ⚠4-bed | 0 | – | 25 | AED 1.1 million | – |
| ⚠5-bed | 0 | – | 22 | AED 1.5 million | – |
| ⚠6-bed | 1 | AED 260 million | 12 | AED 2.5 million | – |
What is the average rent in Palm Jumeirah?
The median rental rate on new apartment lease registrations (Ejari) in Palm Jumeirah was AED 121 per sq ft a year in Q3 2026, across 750 registrations. New villa and townhouse lease registrations had a median rental rate of AED 1.3 million a year, across 73 registrations. 824 new leases and 571 renewals were registered with Ejari.
What is the rental yield in Palm Jumeirah?
The gross rental yield on ready apartments in Palm Jumeirah was 5.1% in Q3 2026, comparing median new rents with median ready sale prices per sq ft.
How much does property in Palm Jumeirah cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in Palm Jumeirah in Q3 2026, the median apartment price of AED 2,928 per sq ft is approximately $797 per sq ft; the median villa and townhouse price of AED 44.5 million is approximately $12.12 million; the median new apartment rental rate of AED 121 per sq ft a year is approximately $33.
How many prime sales were recorded in Palm Jumeirah?
71 prime sales (AED 10 million and above) were recorded in Palm Jumeirah in Q3 2026, worth AED 2.82 billion and accounting for 31.1% of sales. Villas and townhouses accounted for 26 of them and off-plan sales for 29. They included 27 super-prime sales ($10 million and above, approximately AED 37 million), worth AED 2.01 billion.
How does Palm Jumeirah compare with Dubai?
The median apartment price in Palm Jumeirah was 73% above the Dubai median in Q3 2026, at AED 2,928 per sq ft compared with AED 1,692.
| Measure | Palm Jumeirah | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 2,928 | AED 1,692 |
| Villas and townhouses, median | AED 44.5 million | AED 3.7 million |
| New apartment rent, per sq ft a year | AED 121 | AED 94 |
| Gross yield, apartments | 5.1% | 6.8% |
| Villa rent, median a year | AED 1.3 million | AED 180,000 |
| Off-plan share of sales | 24% | 69% |
Which buildings in Palm Jumeirah recorded the most sales?
Passo By Beyond by Beyond recorded the most sales of any building in Palm Jumeirah in Q3 2026, with 24 sales worth AED 326 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| ⚠Passo By BeyondPalm Jumeirah | Beyond | 24 | AED 326 million | 100% | AED 5,732 |
| ⚠Marina ResidencePalm Jumeirah | Nakheel | 17 | AED 109 million | 0% | AED 2,109 |
| ⚠Golden MilePalm Jumeirah | Nakheel | 11 | AED 46.1 million | 0% | AED 1,890 |
| ⚠Serenia LivingPalm Jumeirah | Palma Homes | 10 | AED 136 million | 0% | AED 4,449 |
| ⚠Royal AmwajPalm Jumeirah | Seven Tides | 8 | AED 21.4 million | 0% | AED 2,364 |
| ⚠Palm Beach Towers -3Palm Jumeirah | Nakheel | 7 | AED 40.6 million | 100% | AED 3,363 |
| ⚠Seven Hotel and Apartments The PalmPalm Jumeirah | Seven Tides | 7 | AED 12.7 million | 0% | AED 2,936 |
| ⚠Palm Views - EastPalm Jumeirah | – | 7 | AED 3.2 million | 0% | AED 2,863 |
| ⚠Palm Beach Towers - 2Palm Jumeirah | Nakheel | 6 | AED 54.5 million | 100% | AED 3,265 |
| ⚠Fairmont Palm ResidencePalm Jumeirah | IFA Hotels & Resorts | 6 | AED 26.3 million | 0% | AED 2,014 |
Which developers recorded the most off-plan sales in Palm Jumeirah?
Beyond recorded the most off-plan sales in Palm Jumeirah in Q3 2026, with 24 sales worth AED 326 million, accounting for 44% of off-plan sales. It was followed by Nakheel (14), Omniyat (6).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| Beyond | 24 | AED 326 million | 44% |
| Nakheel | 14 | AED 98.1 million | 26% |
| Omniyat | 6 | AED 271 million | 11% |
| Ellington | 4 | AED 66.5 million | 7% |
| Pinnacle A K S | 2 | AED 19.6 million | 4% |
What do the figures mean?
- Median price
- The middle sale price once all sales are ranked: half of sales were above it and half below. Used instead of the average so a few very large sales don't distort the figure.
- Price per sq ft
- Sale price divided by the registered area in square feet, then the median across sales. Reported for apartments; villa records often carry the plot size, so villas are reported per home.
- Off-plan and ready
- Off-plan sales are homes sold before completion; ready sales are completed homes, including owner resales and developers' completed stock.
- Sub-community and building
- Where DLD records a home: a sub-community for villas and townhouses (for example Raya in Arabian Ranches 3), a building for apartments, or the project name for off-plan homes.
- Ejari
- Dubai's official lease registration system. Rents here are new Ejari leases registered in the period; renewals are counted separately.
- Gross rental yield
- Median new annual rent divided by the median ready sale price, before costs. Shown only between 3% and 12%; outside that range the pairing reflects data errors rather than a yield.
- DLD area and community
- The Dubai Land Department records sales and leases by official area, which can differ from the name people use. Each report names the DLD areas it covers.
- ⚠ Small sample
- A figure based on fewer than 30 sales or leases. It is shown, but can move a lot from period to period.
How should this report be cited?
Richmond Properties (2026). Palm Jumeirah Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/palm-jumeirah/2026-q3. Licensed CC BY 4.0.
In copy: “according to Richmond Properties’ analysis of Dubai Land Department data”.
Figures are Dubai Land Department open data for Q3 2026 (July to September), compared with Q2 2026. Sales are counted by transaction date and cover homes only: apartments, hotel apartments, villas and townhouses (including villa plots). Offices, shops, hotel rooms, development land and labour accommodation are excluded. Rents are new Ejari leases; leases are assigned to a community through their building or sub-community where DLD files them under a different district. 2 transactions identified as recording errors are excluded. Figures and text are generated from Dubai Land Department data by Richmond Properties’ reporting system. Data as of 2 November 2026. This report is for general information and is not financial or investment advice.