Palm villa prices double of Arabian Ranches

10.03.2015
The Arabian Ranches may overlook a golf course, but prices of villas on the beachfront Palm Jumeirah are now twice as expensive.

Average sale prices of luxury villas on Dubai’s Palm Jumeirah are now twice as costlier than Arabian Ranches, says a new report released on Sunday.

In an analysis based on registered transactions with Dubai Land Department in 2014, Luxhabitat, a Dubai-based real estate brokerage firm, said average prices touched AED2,975 per square feet (psf) for Palm villas with total value of transactions reaching AED1.35 billion.

The report put average prices of Arabian Ranches villas at AED1,391 psf, with total value at over AED558m.

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