Palm Jebel Ali
90-day Reddit mention audit · owner: Nakheel · prepared for Avelon Developments
TL;DR: Not overpriced, but long-term hold (7-10 years). Downtown Jebel Ali growth tied to infrastructure — Palm Jebel Ali under construction, racecourse redevelopment started. AED 1M is ~12% above starting price (AED 889k) — reasonable. Current gross yield ~8.3% (metro footbridge helps). For 5-10 years, yes over JVC (25k+ units coming). For 3-5 years, pick Arjan or Furjan. Risks: high upcoming supply, but oversupply risk considered low. Imtiaz has good track record. Don't buy if you need immediate rental income. Confirm service charges (14-15 AED/sqft).
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iv been telling everyone about downtown jebel ali for years. and now iv seen 4 or 5 people post about this project in the last week since it launched. go for it,whos to know what a 1M apartment will be worth in 3 year frm now? dont forget its right on the metro, and as the city expands south towards dubai south and palm jebel ali, thatll technically be a central area in years to come. i remembr when people thought jebel ali was miles and miles away, yet now, ibn battuta is literally a normal extension of the city and just down the road from the marina. not much overrisk supply in downtown jebel ali, i actually saw a video of someone saying its the most undersupplied area at the moment, which yes coul change (and probably will considering how fast developers are launching projects there, 5 in the last 12 months to be exact) but for now, undersupplied. and its not just near the metro,its connected by pedestrian tunnel, just like dubai mall area.
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downtown jebel ali is a fantastic place to invest aligns with the 2040 extension of dubai, dubai south, palm jebel ali, and the city moving south ive been pitching downtown jebel ali to anyone who'll listen bc its a no brainer goodluck with your purchase the 4 buildings are even connected to the metro by glass tunnel-imagine it in 10 years! jebel ali is the place to be in next 5-10 years as the whole city has been squeezed to its limit.
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Honestly, for a long term personal investment, I think RAW District could make sense. Downtown Jebel Ali is still underdeveloped today, but the whole south side of Dubai is expected to grow massively over the next 5–10 years with Expo City, Al Maktoum Airport expansion, Palm Jebel Ali and overall infrastructure development. If you’re planning to move in around 5 years with family, the timing could actually work well because the area should feel much more established by then. It won’t be like Dubai Hills today, but it has potential to become a good connected family area in the future, especially with metro and Sheikh Zayed Road access. The main thing is to go into it with a long-term mindset, not expecting quick returns. For personal use and future living, I think it’s a reasonable bet.
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Because there were no government developments planned in this area. Right now, Dubai 2040 Urban Master Plan includes projects like the massive Palm Jebel Ali, Jebel Ali Beach development, redevelopment of Jebel Ali Racecourse, and the expansion of JAFZA. And government is pressuring more residential development in Jebel Ali Downtown, splitting it into multiple districts.
If you look at the numbers, in Furjan, there are currently 15,968 units and only 4,790 are under construction. Current population is 35,000 which means 2.1 people are living per unit. At this rate, to absorb the upcoming supply, 10,499 people should move into Furjan. Which is possible due to close proximity to Jebel Ali, Palm Jebel Ali, Dubai South, Al Maktoum Airport etc. The strong Indian community in Furjan is another plus. This proves that there is no oversupply risk. Coming to your point, as long as you buy the 3 BR from a good developer, it’s good. But if it’s for pure investment, better look into other locations and compare which is better. Most of units in Furjan has appreciated. So there is less room for huge appreciation. If you want high appreciation + same location, look into Jebel Ali Downtown.
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Well, your analysis is technically correct however it lacks appreciating the practical scenario at present. I am a beachfront assets expert for over 12 years in dubai and personally own few assets on beachfront and how it works for beachfront in dubai or uae in general is that it appreciates much faster but at the same time it depreciates even faster as these are mainly luxury or trophy asset class which looses shine with panic or economical downturn..!! If the budget for 5 bdr beachfront villa is above 15M, trust me you can grab hold of a lovely villa in bay villas by nakeel at dubai islands or even get lucky to get something in palm jebel ali around 20M in distress deal..!! Umm ul quain is riding on only one aspect of wynn casino in vicinity but there's plenty of supply already in rak itself which will make umm ul quain as a second fiddle and in present situation all these looks very far fetched or delusional..!! You may rather consider buying at a location on between dubai and Abu Dhabi which has fantastic projects right on the pristine beach and is located equidistant from dubai and Abu dhabI which is best of both world. Abu dhabi with so many amusement parks, F1 track ans Disneyland in making and the never fading charm of dubai makes it rather more sensible than to put your money in to somewhere far away depending on just one attraction of casino..!! For reference, villas of 5 or 6 bedrooms are available in ajman with big plot sizes at 800 to 900 aed psft which is around 3M and ajman too sits at equidistant from casino and downtown dubai. I can help u make a better decision based on facts, circumstances and ofcourse easy payment plan if you are open to hear from someone doing this day in day out over a decade..!! Personal assistance can be provided if it suits you..!! DM me and I shall guide u step by step..!! Cheers..!!
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A lot of developers have done first year service charge waivers for years, smaller developers have done dld waivers a lot, the only difference is a few more developers have done phpp on some projects they didn't before but palm jebel ali has phpp, emaar beachfront phpp these have always been in place and new launches I think is every 6 hours so of course units are available. Not wanting to downplay just that some of the points are redundant We haven't seen mass job loss yet, if we do then we will have distressed units as the economy goes towards a recession
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Yes. It’s a very good established golf community by Emaar, the #1 developer in Dubai. Also, it is the most premium community that’s near Al Maktoum International Airport, upcoming world’s biggest airport. This itself is enough to drive growth. Additionally, close proximity to Expo City, Dubai Exhibition Center, Palm Jebel Ali, easy access to Emirates Road (E611) that connects Dubai to the northern Emirates etc. are bonuses.
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Many businesses folded in both those periods and many people lost their jobs. Look how abandoned developments from 2008 just sat untouched for over a decade, Palm Jebel Ali only just finally resumed development and there are still several projects around the city just waiting in limbo for some developer to take over or buy the land and demolish and restart.