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Palm Jumeirah: the master plan, its anchor and what buyers paid

Nakheel built some of the homes itself and sold plots to other developers. The anchor is beachfront itself, then Atlantis and Nakheel Mall. In the corresponding Land Department community, flats sold 103% above the Dubai median price per sq ft in the 12 months to 28 October 2026.

Checked 29 October 2026. Sales figures to 28 October 2026. Sources are listed under each section. This page gives information. It is not legal, tax or financial advice.

Palm Jumeirah photographed from an aircraft.
Palm Jumeirah photographed from an aircraft. Photo: Alec Wilson · Wikimedia Commons · CC BY-SA 2.0.
Flats in the corresponding DLD community sold well above the Dubai median, and the anchor is open. Compare recent sales of the same layout before paying for the name.
BUY DUBAI analysis
Nakheelmaster developer
Own homes and plotshow it was built
2001launched
Openanchor
1,143homes sold, 12 months
AED 5.90mmedian price, all homes
AED 3,494per sq ft, flats (median)
103% abovethe Dubai median, per sq ft
34%of sales off-plan

How to read these figures. Sales are for the corresponding Dubai Land Department community, which is used here as a proxy for the named master plan. The boundaries may not match exactly. Flat prices mix buildings, ages and off-plan with completed homes. A price difference is not evidence that the master plan or its anchor caused it.

Prices and sales: BUY DUBAI facts cube from Dubai Land Department registrations (registration basis, every sale procedure), 12 months to 28 October 2026. Flat price per sq ft is a median; the Dubai median uses the same filters. Cube c2c1f2e1bffc.

The Palm Jumeirah master plan

Nakheel began reclaiming the island in 2001 and expected its first residents at the end of 2006.

Nakheel Mall opened on 28 November 2019 at a cost of Dh1.2bn, about 13 years after the first homes. Nakheel's chairman said it had been part of the plan from day one.

The Palm had 34% of Dubai's sales above $10m in the third quarter of 2025.

Anchor: Beachfront itself, then Atlantis and Nakheel Mall. Opened: Atlantis 2008; Nakheel Mall 28 November 2019.

Sources: Khaleej Times, Palm Jumeirah to welcome first residents by the end of 2006, May 2006; Khaleej Times, Nakheel Mall opens, Nov 2019; Gulf News, Dubai luxury home sales, Oct 2025.

Where is Palm Jumeirah?

Approximate centre, not a masterplan boundary. Open larger map · © OpenStreetMap contributors.

Prices compared year by year

Flats in the corresponding Land Department community sold at 76% above the Dubai median in 2015 and 79% above in 2025. The chart shows each year as a multiple of the Dubai median (1.0x); the mix of homes sold can also change the median.

Palm Jumeirah: corresponding community flat price per sq ft as a multiple of the Dubai median, by year1.0x1.2x1.4x1.6x1.8x2.0xDubai medianNakheel Mall opens20152016201720182019202020212022202320242025Palm Jumeirah, 2015: 1.76x the Dubai median (fact psf_vs_city|community=PALM JUMEIRAH|sub=flat|st=all|beds=all|year=2015)Palm Jumeirah, 2016: 1.59x the Dubai median (fact psf_vs_city|community=PALM JUMEIRAH|sub=flat|st=all|beds=all|year=2016)Palm Jumeirah, 2017: 1.55x the Dubai median (fact psf_vs_city|community=PALM JUMEIRAH|sub=flat|st=all|beds=all|year=2017)Palm Jumeirah, 2018: 1.62x the Dubai median (fact psf_vs_city|community=PALM JUMEIRAH|sub=flat|st=all|beds=all|year=2018)Palm Jumeirah, 2019: 1.01x the Dubai median (fact psf_vs_city|community=PALM JUMEIRAH|sub=flat|st=all|beds=all|year=2019)Palm Jumeirah, 2020: 1.60x the Dubai median (fact psf_vs_city|community=PALM JUMEIRAH|sub=flat|st=all|beds=all|year=2020)Palm Jumeirah, 2021: 1.50x the Dubai median (fact psf_vs_city|community=PALM JUMEIRAH|sub=flat|st=all|beds=all|year=2021)Palm Jumeirah, 2022: 1.92x the Dubai median (fact psf_vs_city|community=PALM JUMEIRAH|sub=flat|st=all|beds=all|year=2022)Palm Jumeirah, 2023: 1.84x the Dubai median (fact psf_vs_city|community=PALM JUMEIRAH|sub=flat|st=all|beds=all|year=2023)Palm Jumeirah, 2024: 1.59x the Dubai median (fact psf_vs_city|community=PALM JUMEIRAH|sub=flat|st=all|beds=all|year=2024)Palm Jumeirah, 2025: 1.79x the Dubai median (fact psf_vs_city|community=PALM JUMEIRAH|sub=flat|st=all|beds=all|year=2025)Palm Jumeirah 1.79x

Years with fewer than 30 flat sales are left out. Medians move when the mix of homes sold changes.

What to check before you buy

Trophy homes swing hardest with the market; the Palm's premium has moved more from year to year than any other plan here.

  • Who built the tower: the master developer, or another developer on a plot?
  • Is the anchor open, and if not, who delivers it and by when?
  • What did the same layout in the same building sell for in the last six months?

More on BUY DUBAI

Questions about Palm Jumeirah

Who is the master developer of Palm Jumeirah?

Nakheel. It built some of the homes itself and sold plots to other developers.

What is the anchor of Palm Jumeirah?

Beachfront itself, then Atlantis and Nakheel Mall. Atlantis 2008; Nakheel Mall 28 November 2019.

Do homes in Palm Jumeirah sell above the Dubai average?

Flats in the corresponding Land Department community sold 103% above the Dubai median price per sq ft in the 12 months to 28 October 2026. The community boundary may differ from the master plan.