The Palm Jumeirah consists of a trunk, a crown with 17 fronds, and a surrounding crescent island that forms an 11 kilometer-long breakwater. The island itself is 5 kilometers by 5 kilometers. It will add 78 kilometers to the Dubai coastline. The first phase of development on the Palm Jumeirah will create 4,000 residences with a combination of villas and apartments over the next 3 to 4 years.

This signaled the end of phase one of construction, which includes approximately 1,400 villas on 11 of the fronds of the island and roughly 2,500 shoreline apartments in 20 buildings on the east side of the trunk.

The Palm Jumeirah current market is stable as Palm Jumeirah has a great community.

Of all the monitored developments, Palm Jumeirah fared best as it was able to hold value.

The current market for One-bedroom apartments: Dh85,000 to Dh130,000

Four bedroom Villas: Dh350,000 to Dh420,000