A typical residential sale here is AED 2,742,088 for about 1,758 sqft, from 25,563 recorded sales.
Prices here have moved +301.2% across the 267 months (May 2004 – Aug 2026) of Land Department records we hold — a pace of +6% a year if it continued.
That is the whole 267 months of records for this area, expressed as an annual pace. It averages across every cycle in that period, so it describes the long run rather than the market today. Treat it as history, not a forecast.
Off-plan and ready are different markets
Comparing a launch price against a resale price without separating them is the most common way Dubai price-per-square-foot figures mislead.
36%
Sold off-plan
of 25,563 sales
Off-plan
AED 2,303/sqft
9,077 recorded sales
Ready
AED 1,531/sqft
16,486 recorded sales
Off-plan trades 50% above completed homes here. A single blended figure would sit between the two and describe neither.
What each size costs in Palm Jumeirah
Median size and price for every bedroom count with at least 15 recorded sales. Dubai Land Department records a room count on nearly every sale, so this is a breakdown of real transactions rather than an estimate.
Rent is matched by size here, not bedroom count, so the column is what homes of that sizeactually let for — the question behind the question, answered from real contracts. Ejari does also carry a bedroom count on most tenancies, and the rent-by-bedroom figures on this page read that field directly.
Size
Typical home
Typical price
Per sqft
Typical rent
Sales
Studio
501 sqft
AED 1,100,000
AED 2,328/sqft
AED 92,500/yr
190 tenancies
2,085
1 bed
1,145 sqft
AED 2,050,000
AED 1,804/sqft
AED 150,000/yr
622 tenancies
6,169
2 beds
1,778 sqft
AED 2,868,800
What exists here, and who may own it
Every other figure on this page is about homes that sold. This is the standing stock, from the Land Department’s unit register.
Registered units
13,862
In Palm Jumeirah, from the Land Department's register of flats.
Freehold
100%
Every unit in Palm Jumeirah with a recorded type is freehold, so foreign ownership is permitted throughout.
Typical size
1,769 sqft
Median of the 13,833 units that record one.
By size of home
2 B/R5,400
1 B/R3,373
3 B/R3,254
4 B/R
Rental market
From 4,159 tenancy contracts registered with Ejari in the last 12 months — agreed rents, not advertised ones.
Typical annual rent
AED 202,125/yr
for ~1,734 sqft
Rent per sqft
AED 125/sqft
per year
Renewals
45%
of contracts
Contracts
4,159
last 12 months
What it costs to rent here
Median annual rent, by size of home.
StudioAED 92,500/yr
1 bedAED 150,000/yr
2 beds
What it returns
A year’s rent against what that size of home actually sold for in Palm Jumeirah over the same twelve months — both from registered records.
Size
Costs now
Rents for
Gross yield
Sales behind it
Studio
AED 1.5M
AED 92,500/yrby bedroom · 190 new lets
6.2%
87
1 bed
AED 3.66M
AED 150,000/yrby bedroom · 622 new lets
4.1%
287
2 beds
AED 6.12M
AED 220,000/yrby bedroom · 848 new lets
3.6%
466
3 beds
AED 11.5M
AED 320,000/yrby bedroom · 398 new lets
2.8%
259
4 beds
AED 27.31M
AED 939,360/yrby bedroom · 125 new lets
Common questions about Palm Jumeirah
How much is rent in Palm Jumeirah?
a studio rents for a median AED 92,500/yr, a 1-bedroom for AED 150,000/yr, a 2-bedroom for AED 220,000/yr, a 3-bedroom for AED 320,000/yr. These are medians of tenancy contracts registered with Ejari in Palm Jumeirah over the last twelve months — what tenants agreed to pay, not advertised asking rents. This table matches rent to homes by floor area, which every Ejari contract records. Ejari carries a bedroom count on most contracts too, and the rent-by-bedroom figures on this page read that field rather than inferring it from size.
Median price per sqft trend
Areas at a similar price
Closest to Palm Jumeirah on median price per square foot. Areas with fewer than 10 recorded sales are left out, because a median drawn from a handful of deals is not worth comparing against.
Apartments, stacked townhouses and commercial units. Villas are not in this dataset.
AED 220,000/yr
3 bedsAED 320,000/yr
4 bedsAED 939,360/yr
5 bedsAED 1,500,000/yr
6 bedsAED 1,500,000/yr
Matched to tenancies by floor area, so this is what homes of each size actually let for. Ejari does also record a bedroom count on most contracts — the rent-by-bedroom table below reads that field directly. Renewing tenants pay about 12% less per sqft than someone signing a new lease here.
3.4%
72
5 beds
AED 41M
AED 1,500,000/yrby bedroom · 99 new lets
3.7%
17
The best gross yield here is on a studio at 6.2%. Smaller homes almost always yield more than larger ones — they cost proportionally less and rent for proportionally more.
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a studio here reads 8.4% instead of 6.2%, because it prices the home at AED 1.1M — the median across every sale on record — rather than the AED 1.5M it costs today. Every figure above uses the same twelve months on both sides.
What it returns after service charges
Starting from the middle filed owners-association budget in this area — AED 22/sqft across 19 buildings, most recently filed for 2023. Charges have risen since then and the filing is matched to this page by name, so replace it with your own invoice if you have one. How to check it.
Size
Charge / year
Rent after it
Gross
Net
Studio
AED 11,021
AED 81,479
6.2%
5.4%
1 bed
AED 25,182
AED 124,818
4.1%
3.4%
2 beds
AED 39,116
AED 180,884
3.6%
3.0%
3 beds
AED 52,623
AED 267,377
2.8%
2.3%
4 beds
AED 119,450
AED 819,910
3.4%
3.0%
5 beds
AED 253,395
AED 1,246,605
3.7%
3.0%
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
How much do properties cost in Palm Jumeirah?
The median residential sale price in Palm Jumeirah is AED 2,896/sqft, which works out at about AED 2.74M for a typical 1,758 sqft home. That is a median of 25,563 sales actually registered with the Dubai Land Department, not of asking prices.
What rental yield does Palm Jumeirah give?
Gross yields in Palm Jumeirah run about 6.2% on a studio, 4.1% on a 1-bedroom, 3.6% on a 2-bedroom, 2.8% on a 3-bedroom, dividing a year of registered rent by what that size actually sold for over the same twelve months. Smaller homes yield more. These are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Palm Jumeirah freehold?
Yes. Every unit in Palm Jumeirah whose tenure is recorded in the Land Department's register is freehold, so foreign nationals may own property here outright. The register holds 13,862 units for the area.
Is Palm Jumeirah mostly off-plan or completed homes?
36% of the 25,563 registered sales in Palm Jumeirah were off-plan, and the rest were completed homes. The two trade at different prices, so a single blended price per square foot for the area would describe neither.
