32 New Off-Plan Projects in Palm Jebel Ali

Palm Jebel Ali is Nakheel's second-generation Palm island, relaunched in 2023 after a decade-long pause. The development is roughly twice the size of Palm Jumeirah and has been completely re-imagined for a lower-density, more residential master plan: beachfront villas, branded residences and select hotel pockets. By Q1 2026 over 700 homes had been sold and Nakheel had awarded AED 3.5 billion in villa construction contracts. Pricing is positioned roughly 60% below comparable Palm Jumeirah inventory per square foot - between AED 2,500 and AED 2,800 per sqft in Q1 2026. Early villa collections include the 5- and 6-bed Beach Collection from AED 18M, and the 7-bed Coral Collection from AED 29M to AED 43M. The standard payment plan is 80/20 (20% reservation, 60% during construction, 20% on handover). The investment thesis is straightforward: Palm Jumeirah supply is finite and recognised globally - Palm Jebel Ali is the same brand at second-generation prices. First-mover capital appreciation potential is the strongest play available in Dubai luxury today.