Remember Palm Jebel Ali? It’s making a comeback.
After a period of pause following the 2009 global financial crisis, HH Sheikh Mohammed bin Rashid Al Maktoum gave the green light to restart this mega project in early 2023, unveiling a masterplan filled with luxurious villas, hotels, beaches, exclusive homes, and world-class leisure attractions.
Sounds incredible!
These massive beach villas with 5, 6, even 7-bedrooms nestled on the fronds sells between AED 18.5 million to AED 60 million, offering indoor-outdoor living and ultra-luxury beach lifestyle.
Let’s be honest, this kind of investment isn’t for everyone’s wallet, and this article is not about buying villas in Palm Jebel Ali. Not all investors can spend nearly AED 20 million on a single property, and that’s totally okay.
While these ultra-luxe villas may seem out of reach, the future developments in Jebel Ali are brewing with potential for investors across different budget ranges. Communities within Jebel Ali have investment opportunities that come in different shapes and sizes.
In this guide, we will go through what to expect from the relaunched Palm Jebel Ali, and uncover some areas worth looking into for investment and rental yield potential.
What to Expect from the Relaunched Palm Jebel Ali
- Really Huge: Spanning 13.4 square kilometers, Palm Jebel Ali will feature 16 fronds and 91 kilometers of beachfront, making it 2x the size its sister development, Palm Jumeirah.
- Hospitality Hotspot: Prepare for an influx of luxury hotels – over 80 of them, from signature wellness retreats, family-friendly resorts, and eco-friendly accommodations.
- Lots of Attractions: Similar to Palm Jumeriah, you can expect Palm Jebel Ali to have a yacht club, malls, beach clubs, and parks. Plus, there’s a sunset promenade, a family beach, and an “iconic tower” with panoramic views.
- Gateway Towers & Celebration Village: Unlike Palm Jumeirah’s single crowning hotel, Palm Jebel Ali will feature a collection of “Gateway Towers” at its apex, accompanied by a vibrant “Celebration Village.”
- Better Traffic Flow: Unlike the original Palm Jumeriah, both ends of the crescent will connect to the mainland. potentially easing traffic flow.
When is Palm Jebel Ali Completion Date?
Construction on Palm Jebel Ali is advancing, with the first properties expected to be handed over by early 2027.
Officially, there is no actual completion date, but each project being developed will have its own date of completion.
For Palm Jebel Ali Completion Date Update: https://thepalm-jebelali.com/completion-date/
How’s the Palm Jebel Ali Doing So Far?
Here are the performances in Palm Jebel Ali over a 1-year period:
| Location | Average Price Change (1-Year Period) |
|---|---|
| Palm Jebel Ali | 19.62% |
What are the Best Areas in Jebel Ali for Rental Yield?
The Palm Jebel Ali relaunch is transforming communities in Jebel Ali.
Here are some notable areas and their performances over a 1-year period.
| Location | Average Price Change (1-Year Period) | Gross Rental Yield* |
|---|---|---|
| Palm Jebel Ali | 19.62% | NA |
| Downtown Jebel Ali | 17.39% | 8.66% |
| Discovery Garden | 26.38% | 8.23% |
| Al Farjan | 11.73% | 7.81 |
Top 3 Areas in Jebel Ali Worth Looking Into
1. Downtown Jebel Ali
- A mixture of residential properties and commercial properties
- 10-15 minute drive to Ibn Battuta Mall
- Close to Jebel Ali Free Zone, ensuring steady tenant interest
- Close UAE Exchange metro station (Red Line) often command strong rental income
- Walking Distance to Metro for easy commuting
Downtown Jebel Ali Properties:
| Downtown Jebel Ali | Average Price Change (1-Year Period) | Gross Rental Yield* |
|---|---|---|
| Alexis Tower | 20.65% | NA |
| Suburbia | 19.32% | NA |
| Aziza Aura | 16.79% | 8.68% |
2. Discovery Garden
- Close to Ibn Battuta Mall (supermarkets, petrol stations, restaurants)
- Affordable, green, and walkable community
- Known for its family-friendly environment
- Mainly home to middle-income South Asian families and working professionals
- Home to Discovery Garden Metro Station on Route 2020
- Walking Distance to Metro for easy commuting
Discovery Garden Properties
| Discovery Garden | Average Price Change (1-Year Period) | Gross Rental Yield* |
|---|---|---|
| Mediterranean Cluster | 24.48% | 9.48% |
| Mogul Cluster | 23.11% | 8.77% |
| Contemporary Cluster | -92.32% | 6.43% |
3. Al Farjan
- Similar layout to Discovery Garden with affordable pricing
- Attractive to professionals and families
- Close to Al Farjan Metro and The Garden Metro Station for easy commuting
- Easy access to Sheikh Zayed Road and close to Ibn Battuta Mall
- Lots of residence options to choose from (i.e. villas, townhouses, apartments)
- Easy access to shopping malls, schools and healthcare facilities
Al Farjan Properties
| Al Farjan | Average Price Change (1-Year Period) | Gross Rental Yield* |
|---|---|---|
| Murooj Al Furjan | 49.48% | NA |
| 5th Avenue | 49.40% | 7.47% |
| Montrell | 32.85% | NA |
| Masakin Al Furjan | 28.89% | NA |
| Zazen Gardens | 25.96% | 7.18% |
| Victoria Residency | 23.02% | 7.42% |
| AZIZI Roy Mediterranean | 21.07% | NA |
| Murano Residences | 20.84% | 8.57% |
| Westwood By IMTIAZ | 19.79% | 8.84% |
| The Stella | 19.51% | NA |
| AZIZI Berton | 17.18% | NA |
| PG Upperhouse | 13.19% | 7.48% |
| Glamz by Danube | 11.31% | 8.29% |
| Azizi Orchid | 11.19% | 7.37% |
| Starz by Danube | 6.62% | 8.30% |
| Samia Azizi | 5.48% | 8.95% |
| PG One | 4.78% | NA |
| Maria Tower | 3.90% | 8.37% |
| Azizi Farishta | -2.87% | 8.16% |
| Al Fouad Building | -5.97% | 6.93% |
| Azizi Shaista Residences | -6.16% | 9.47% |
Why Jebel Ali Looks Promising:
1. Affordable Entry
- Lower property prices than central Dubai
- Easy access for budget-conscious investors
- Various budget levels
- Diverse Property Options
2. Strategic Location
- Relaunch of Palm Jebel Ali
- Part of Dubai’s 2040 Urban Masterplan
- Close to Jebel Ali Free Zone
- Excellent transportation connectivity
- Near Dubai World Central
3. Strong Rental Potential
- High demand from industrial workers
- Consistent yields in Discovery Garden and Downtown Jebel Ali
- Steady tenant stream
What to Watch Out For:
1. Distance from Central Dubai
- Far from prime locations like Downtown and Marina
- Less convenient to those working in central business districts
- Longer commute times
- Limited access to key attractions
2. Industrial Area Challenges
- Less glamorous appeal
- Potential noise and traffic
- May not attract tenants seeking premium locations
3. Infrastructure Gaps
- Developing amenities
- Fewer high-end schools, hospitals, and entertainment
- Ongoing development means continuous construction
- Requires long-term perspective
Is Palm Jebel Ali a Good Investment?
For those considering investing in Palm Jebel Ali, it can be a gold mine if you’ve got cash, patience, vision, and can handle some growing pains. If you want everything perfect right now, you may want to look elsewhere.
Bottom Line
Palm Jebel Ali may be out of reach for some investors, but we all know that opportunity doesn’t exist with luxury developments. Palm Jebel Ali is designed with the future in mind. As Palm Jebel Ali progresses, surrounding areas of Jebel Ali can be a strategic investment for patient investors who understand its unique potential.
