Dubai market evidence
Al Merkadh vs Palm Jumeirah: Which Costs More?
A side-by-side comparison of Al Merkadh and Palm Jumeirah property prices from the historical DLD transaction record, broken down by property type.
The numbers for Al Merkadh and Palm Jumeirah
| Metric | Al Merkadh | Palm Jumeirah |
|---|---|---|
| Median AED/sqm | 18,855 AED/sqm | 18,002 AED/sqm |
| Median price | AED 1.3M | AED 4.5M |
| Sampled transactions | 35,662 | 31,798 |
| P25–P75 range | 16,141 AED/sqm – 21,291 AED/sqm | 11,681 AED/sqm – 28,460 AED/sqm |
| Apartment share | 96% | 85% |
What the price gap means
Al Merkadh runs 5% above Palm Jumeirah on median AED/sqm (18,855 AED/sqm in Al Merkadh against 18,002 AED/sqm in Palm Jumeirah). That gap is widest for Land plot, where Al Merkadh runs 62% above Palm Jumeirah. The headline number is driven by that unit type rather than a uniform premium across the board.
Citywide medians mix property types unevenly, so a headline gap can reflect what is being sold rather than a like-for-like premium. The per-type table above compares only the property types with enough sampled sales in both areas.
Beyond price, Al Merkadh is anchored by Buj Khalifa Dubai Mall Metro Station metro, Dubai Mall, Downtown Dubai, while Palm Jumeirah is anchored by Al Sufouh metro, Mall of the Emirates, Burj Al Arab.
This is sales transaction evidence only and ends 2026-07-27. It covers sales, not rentals, and is market reference, not valuation or investment advice.
Price by property type
| Property type | Al Merkadh tx | Al Merkadh AED/sqm | Palm Jumeirah tx | Palm Jumeirah AED/sqm | Gap |
|---|---|---|---|---|---|
| Apartment — Studio | 2,352 | 18,932 AED/sqm | 242 | 32,483 AED/sqm | -42% |
| Apartment — 1 Bed | 2,647 | 20,721 AED/sqm | 416 | 28,008 AED/sqm | -26% |
| Apartment — 2 Bed | 1,314 | 20,720 AED/sqm | 701 | 27,064 AED/sqm | -23% |
| Apartment — 3 Bed+ | 424 | 20,334 AED/sqm | 562 | 40,214 AED/sqm | -49% |
| Villa / Townhouse | 85 | 24,907 AED/sqm | 174 | 45,046 AED/sqm | -45% |
| Land plot | 235 | 14,636 AED/sqm | 158 | 9,042 AED/sqm | +62% |
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