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Penthouses in Palm Jumeirah
Buying a penthouse in Palm Jumeirah for investment is a lucrative opportunity to own luxury property on Dubai's iconic palm-shaped island.
The community offers a plethora of leisure and entertainment options:
- Aquaventure Water Park, perfect for a family weekend away;
- Nakheel Mall, a large shopping centre with numerous shops, branded boutiques, cafés and eateries;
- The Pointe, featuring luxury waterfront restaurants, a mesmerising fountain show and stunning views of the Atlantis Hotel;
- An abundance of restaurants and cafés to suit all tastes. For example, Cinque specialises in classic Italian cuisine and Miyabi Sushi & Bento serves Japanese dishes.
Families with children should be among the first to buy a penthouse in Palm Jumeirah. Asya's Nursery and Redwood Montessori Nursery are situated here, offering educational programmes that emphasise an individual approach to each child and focus on developing their creative and social skills.
There are several prestigious schools within a 15-minute drive, such as GEMS Wellington International School and American School of Dubai. The community is just a 10-minute drive from the Dubai Knowledge Park Academy campus, where Middlesex University, the University of Wollongong and the American University of Dubai international universities are located.
Medical care is available at the Dubai London Clinic and Al Das Medical Clinic within the community. These institutions provide comprehensive services to residents and visitors.
Penthouses in Palm Jumeirah for foreigners provide comfortable living conditions and serve as a status indicator. These spacious residences range from 180 to 5000 square metres, featuring high ceilings and panoramic windows that offer stunning sea views.
The decoration features the highest quality materials such as marble, travertine and natural oak parquet. Residents have access to premium appliances and a range of personal amenities. These apartments in Dubai may include a separate entrance or lift, a large terrace, library, a music room, an office, a Jacuzzi, private pool, a gym and much more.
The cost of penthouses in Palm Jumeirah depends on their size, number of bedrooms, location and specific project. The price for investment penthouses in Palm Jumeirah, UAE starts from AED 4 million (USD 1.1 million) for a 1-bedroom unit to AED 510 million (USD 138.9 million) for an exclusive 5-bedroom residence:
- 2-bedroom residences starting from AED 9.4 million (USD 2.6 million);
- 3-bedroom residences start from AED 6 million (USD 1.6 million);
- 4-bedroom residences starting from AED 9 million (USD 2.5 million);
- 5-bedroom residences starting from AED 32 million (USD 8.7 million);
- 6-bedroom residences starting from AED 55 million (USD15 million).
Penthouses in Palm Jumeirah for Investment
Buying a penthouse in Palm Jumeirah for foreigners is an effective way to preserve and increase capital. The waterfront residential complexes offer 1- and 2-storey top floor apartments that stand out among other proposals of its luxury. Such property in Dubai is popular because of the growing interest of investors in the prestigious areas of the city, where you can profitably resell housing or rent it out. Average prices for ready-made apartments in the emirate increased by 4.6% over the year. In 2022, the cost of housing in the community increased by 54%.
The rental value of apartments in the neighbourhood increased by 19% over 2023. The yield on 1-bedroom properties is 5.25% per annum. Residences with 2 and 3 bedrooms can yield 3.85% and 3.57% per annum respectively.
Buying penthouses in Palm Jumeirah
Penthouse prices in Palm Jumeirah, Dubai are comparable to the high quality of performance and a range of personalised amenities. Our website offers a wide range of apartments and villas in Dubai from property developers and trusted agencies. The site offers listings with up-to-date prices in different currencies. The variety of filters make it easy to find a property for relocation or investment.