Palm Central: 222 Beachfront Apartments From AED 2.7M, the First Flats on the New Palm
Published September 5, 2026 · 6 min read · Sources: Nakheel and Dubai Holding press release of 24 June 2026, The National (24 June 2026), the desk’s Palm Central Private Residences Phase 2 sheet, DLD register (Palm Jabal Ali and Palm Jumeirah areas, trailing 12 months to September 2026).
What happened
Nakheel released the next phase of Palm Central Private Residences on 24 June 2026, eight months after the first release in October 2025. The phase is 222 residences in three low- to mid-rise buildings: one-, two-, three- and four-bedroom apartments and four- and five-bedroom townhouses. Nakheel’s statement framed it as a response to demand for beachfront living on Palm Jebel Ali following the first phase, and The National reported the price list the same day: one-bedrooms from AED 2.7M, two-bedrooms from AED 4.3M, three-bedrooms from AED 7.5M, four-bedrooms from AED 12.4M and townhouses from AED 14.9M. Completion is scheduled for September 2030. This matters beyond the 222 units because Palm Central is the only apartment product on the new Palm. Everything else Nakheel has sold on the island since 2023 is a frond villa from AED 18M upwards, so Palm Central is the door for a buyer who wants the address at a price that starts with a two.
The price list
The desk’s sheet for the phase carries the unit sizes alongside the prices, which is how to read them. A one-bedroom of 827 square feet at AED 2.7M is about AED 3,265 per square foot; a two-bedroom of about 1,212 square feet at AED 4.3M is about AED 3,550. The sheet lists a service charge of AED 28 per square foot and a 20% booking, 40% construction, 40% handover split; other agencies quote the phase as 20/50/30, so confirm the schedule against the SPA.
| Unit | From price | Size on the desk’s sheet | Approximate AED/sqft |
|---|---|---|---|
| 1 bedroom | AED 2.7M | 827 sqft | 3,265 |
| 2 bedroom | AED 4.3M | About 1,212 sqft | 3,550 |
| 3 bedroom | AED 7.5M | Not on the sheet | n/a |
| 4 bedroom | AED 12.4M | Not on the sheet | n/a |
| 4 and 5 bedroom townhouses | AED 14.9M | Not on the sheet | n/a |
What Palm Central is within the masterplan
Palm Jebel Ali’s masterplan is organised into the Trunk, the Spine, the fronds and the Crescents, with the villas on the fronds and the hotels on the crescents. Palm Central Private Residences is Nakheel’s beachfront apartment district on the island, semi-furnished low-rise buildings around a private beach, an infinity pool, a clubhouse, a gym and studio, padel and beach volleyball courts and a landscaped event lawn, on the desk’s sheet. It is a resort-style apartment address rather than a tower district, and the townhouses within it are the only non-frond houses on the Palm. The first phase, released in October 2025, was the island’s first apartment sale. The DLD register has recorded 394 apartment sales in the Palm Jabal Ali area in the 12 months to 3 September 2026 at a median of AED 4.4M and AED 3,504 per square foot, which is Palm Central registering. By bedroom the register shows one-bedrooms at a median of AED 2.79M, two-bedrooms at AED 4.59M, three-bedrooms at AED 7.73M and four-bedrooms and larger at AED 14.18M, all a little above the June from-prices, which is what a from-price against a median should look like.
How the entry price compares with Palm Jumeirah
The register is the benchmark. Over the same 12 months Palm Jumeirah recorded 1,168 apartment sales at a median of AED 5.75M and AED 3,564 per square foot, with completed units at a median of AED 4.4M. Its one-bedroom median was AED 3.88M (completed AED 2.98M) and its two-bedroom median AED 6.0M (completed AED 4.5M). Palm Central’s from-prices of AED 2.7M and AED 4.3M sit below both the all-sales and the completed medians on the first Palm, and its AED 3,265 to 3,550 per square foot sits just below the first Palm’s AED 3,564. So the discount for buying apartments on the unbuilt Palm is small per square foot, a few percent, and larger on total price mainly because the Palm Central units are compact. That is a different proposition from the villas, where the gap is about a third. The market is pricing Palm Central as a Palm address today and taking the 2030 completion on trust. The Palm Jumeirah rent median of AED 202,450 a year, a gross yield of about 3.5% on that island, is the only rental reference; nothing on Palm Jebel Ali has been let.
Handover, payment and what to do
Completion is scheduled for September 2030 on Nakheel’s statement; the desk’s sheet carries it as to be confirmed pending the register entry. That is a four-year plan from booking. On the 20/40/40 shape on the sheet, an AED 4.3M two-bedroom asks AED 860,000 at booking plus the AED 172,000 DLD fee and about AED 5,000 in Oqood charges, then AED 1.72M through construction and AED 1.72M at handover. A property under construction can be mortgaged to 50%, and the Emirates NBD and Dubai Holding arrangement of April 2026 covers Nakheel projects from 30% built. From AED 2M of registered value the unit qualifies for the 10-year Golden Visa from Oqood. The payment plan calculator on this site runs the phase on the real months and puts the handover balance against a bank’s 50%. We book Palm Central direct with Nakheel at no commission to the buyer.
Related questions
How much are Palm Central apartments on Palm Jebel Ali?
Nakheel’s June 2026 phase starts at AED 2.7M for a one-bedroom, AED 4.3M for two, AED 7.5M for three and AED 12.4M for four bedrooms, with four- and five-bedroom townhouses from AED 14.9M. That is about AED 3,265 to 3,550 per square foot on the desk’s sizes.
When will Palm Central be completed?
Nakheel’s statement of 24 June 2026 puts completion of the phase at September 2030. The first phase was released in October 2025.
How does Palm Central compare with Palm Jumeirah prices?
Palm Jumeirah apartments registered at a median of AED 5.75M and AED 3,564 per square foot over the 12 months to September 2026, with completed one-bedrooms at AED 2.98M and two-bedrooms at AED 4.5M. Palm Central’s from-prices sit below those and a few percent lower per square foot.
What is the Palm Central payment plan?
The desk’s sheet shows 20% at booking, 40% during construction and 40% at handover; other agencies quote 20/50/30. The 4% DLD fee is paid at booking. Confirm the schedule in the SPA and run it through the payment plan calculator on this site.
