Apartments for Sale in Palm Jumeirah
Palm Jumeirah is a well-known symbol and luxurious area district known for its high-end property in Dubai. This is a man-made island situated on the coast of a bustling city. Its story started in 2001, when the government of the emirate hired Nakheel Properties, a prominent private developer, to undertake the creation of this extraordinary project. Nakheel Properties specializes in the design and construction of unique housing estate. The development of the area took place in stages, starting with the creation of the island using a large amount of sand. Then, on "the Palm", construction work began on residential zones, commercial facilities, hotels, resorts, and infrastructure such as roads and bridges. The goal was to create a one-stop destination for locals and tourists, with beachfront properties, gated communities, luxury hotels, and boutiques.
Today, there is a wide range of flats, townhouses, and villas available for rent or sale. The acquisition of real estate on the island has several advantages, including:
- high demand for rental accommodation, especially among tourists and businessmen. Stable rental yields can be obtained with good management and pricing.
- upward trend in apartment prices and in other real estate. Housing on "the Palm" is a symbol of wealth, and it is attractive to well-off purchasers and investors from all over the world.
- 24/7 safety and comfort. It is a gated island that is guarded 24/7. This creates a safe and comfortable living environment.
- excellent infrastructure with premium hotels, restaurants, shopping, sports facilities, and beach clubs. Residents enjoy first-rate entertainment and recreation amenities.
- location near the beach in a famous district of Dubai. The territory has a stunning view of the bay. This is one of the city's most appealing places, with a rich infrastructure and close access to the city's main tourist and economic amenities.
This location is now one of the most prestigious and comfortable places to live and relax in Dubai. It also offers sandy beaches with a unique view of the city and the bay.
The prices of apartments in Dubai, Palm Jumeirah, vary greatly and are influenced by several factors. These factors include:
- size of the property,
- its location,
- view from the windows,
- and the level of finishing and additional amenities.
On average, a one-bedroom flat here can be rented for AED 90,000 – AED 100,000 per year. A two-bedroom option will cost around AED 160,000, while a three-bedroom apartment starts from AED 200,000. For roomy flats with four bedrooms and an area of 418 m2 or more, the price is approximately AED 420,000.
If you are interested in purchasing a studio, the price is around AED 1.2 million. The cost of a local flat is approximately AED 2.6 million, while a two-bedroom option is priced at AED 3.2 million. For a three-bedroom option, the price is around AED 5.4 million. If you are looking for more lavish and exclusive units, you may need to budget at least AED 10 million or more.
When it comes to villas in Dubai, the prices vary depending on the level of luxuriousness in the housing estate, the layout, and size of the villa. A premium five-bedroom mansion can be purchased for a minimum of AED 12 million.
Apartments in Palm Jumeirah for investments
All local residences are situated on the main "trunk" of the palm-shaped island, while the villas are located along "the branches". At the top of the island, you can find the famous one-of-a-kind resort, Atlantis The Palm, as well as other popular tourist destinations like Anantara The Palm, Waldorf Astoria, and Jumeirah Zabeel Saray.
Apartments in Palm Jumeirah come in various sizes, ranging from studios to six-bedroom options, with areas ranging between 34m2 and 1,093m2. Many of these residences have balconies or terraces, as well as laundry rooms and staff quarters.
Flats in Palm Jumeirah for investments can be a profitable and future-proof solution. The community is highly attractive and luxurious, and its popularity is growing continuously.
This place is conveniently located near several points of interest, including:
- Dubai Marina with of restaurants, shops, cafes, and yacht tours. It is also home to impressive skyscrapers and a picturesque promenade.
- The Mall of the Emirates, one of Dubai's largest malls, is just a short drive away.
- The Dubai Mall, known as one of the world's largest shopping malls, features numerous stores, dining establishments, entertainment facilities, and even a huge
- Burj Al Arab, renowned as the most lavish hotel in the world, an icon of Dubai. It is located in close proximity and boasts elite restaurants, spas, and impressive architecture.
- Additionally, there are several water parks, such as Aquaventure Waterpark and Wild Wadi Waterpark, offering slides and attractions for the whole family.
These are just a few of the key neighbouring sites, and there are many other places of interest that are easily accessible.
This location provides a range of investment options. Conducting a thorough market analysis with the assistance of professionals can help achieve good results and high returns on real estate investments.
It is profitable to buy an apartment in Palm Jumeirah
If you are considering purchasing a housing unit here, it is crucial to have a clear understanding of the current market situation. You should compare the available options and select one that fits your budget and requirements. Additionally, it is important to consider additional expenses like utilities and maintenance. The team of specialists is here to assist you with these and other inquiries. They will offer comprehensive guidance, helping you choose a property that is highly liquid, comfortable, and has the potential for generating income. The property will be developed by a trustworthy company in the United Arab Emirates. Take a step closer to your dream of owning an overseas property by contacting our managers today!