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The artificial Palm Jumeirah Island with exquisite hotels, luxurious multi-storey buildings and premium restaurants is located off the coast of the Persian Gulf near Al Sufouh and Dubai Marina. Real estate in the Palm Jumeirah attracts homeowners who appreciate an elegant and serene lifestyle by the sea. Dubai’s property in the Palm Jumeirah Island is also in high demand among investors.
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The island’s features
The Palm Jumeirah in Dubai is a treasure trove of modern architecture. This man-made archipelago resembles a date palm, with 16 branches growing symmetrically on each side of the trunk. To protect against the destructive forces of water, the island is surrounded by a crescent-shaped breakwater.
The original reason for the construction of the Palm Jumeirah was the expansion of the emirate’s coastline to develop tourism. However, the island has also attracted rich investors from all over the world. This high demand triggered further construction of the archipelago, which is ongoing. In addition to the elegant residential real estate, the significant advantages of the island are:
- Beach holidays;
- Diving;
- Yacht trips;
- Helicopter tours;
- Gyms;
- Excursions to local museums;
- Entertainment programs;
- Spa treatments;
- Lost Chambers;
- Dolphin Bay;
- Wild Wadi water park;
- Jumeirah Mosque;
- Nakheel Mall.
Reasons for investing in Palm Jumeirah real estate
Four reasons to invest in real estate in the Palm Jumeirah in Dubai:
- Apartments for sale in the Palm Jumeirah in Dubai are of high quality and are in high demand. The property is liquid and can be resold at any time.
- A high rental profit is up to 5.5%.
- Annual capitalization of value. Prices for first-class real estate are constantly growing.
- A wide range of properties: from a studio apartment for $400,000 to an exclusive villa for several million dollars.
Palm Jumeirah’s best community
There are many prestigious residential complexes on the island with a full range of high-end amenities that are suitable for both personal living and investment, including:
- The Shoreline Community consists of 20 residential buildings of different storeys and provides access to gyms, swimming pools and a private beach.
- The Crescent community has all the basic amenities, such as fine restaurants, kindergartens, supermarkets and lounge areas, with apartment buildings and premium residences.
- The Golden Mile Community is a 10-tower residential complex located in an area with an art gallery of the same name.
Villas for sale in the Palm Jumeirah
Villas on the island are more popular than apartments in Dubai. This type of housing offers a more comfortable and secluded lifestyle. Most properties in the community have private access to the beach, recreation areas, several parking lots and landscaped gardens. This real estate type can cost over $3 million. The rental yield of the villas is 5.5% per year.
